Forest City, Iowa – Full-year revenue at Winnebago Industries exceeded two-billion dollars for the first time in company history. The Forest City-based outdoor lifestyle product manufacturer reports fiscal 2018 revenues rose 30-percent compared to last year, while fourth-quarter revenue reached 536-million dollars, an increase of almost 18-percent over last year. CEO Michael Happe says a lot of the company’s recent success can be credited to the accelerated growth of towable unit sales.
Happe says the company’s acquisition of luxury boat manufacturer Chris-Craft during the quarter will help transform Winnebago into a premier outdoor lifestyle company.
Despite increasing scrutiny on the health of the recreational vehicle industry, Happe says Winnebago is in a good position for the future.
Fourth quarter net income was $29.8 million, an increase of almost 20-percent compared to the same period a year ago, while net income for the year was $102.4 million, an increase of 43.5% compared to fiscal 2017.