Winnebago issued their second quarterly report yesterday and it shows revenues at $106.6 milllion...a decrease of 3.6% from the $110.5 million for the second quarter of 2010.  However, they posted an operating profit of $4.1 million for the quarter, versus an operating loss of $1.9 million in the same period in 2010. Net income was $3.3 million versus net income of $706,000 for the second quarter of Fiscal 2010.  Revenues for the first six months were up 20.2% as well and their profit was set at $9 million, compared to a loss in the same period in Fiscal 2010.

Chairman and CEO Bob Olson said he was pleased with the results, especially as it had to do "with the U.S. economy and our ability to overcome very tough shipment comparisons with the second quarter last fiscal year." And, he explained the company had "significantly ramped up our production to meet our dealers' increased demands for product as they grew their inventories from the lows experienced during the depths of the recession. Increased show traffic and retail sales within the past few months are indicative of an improved economy and consumer confidence level within the U.S."

But, he warned, "We remain cautious, however, in light of the volatility of fuel prices due primarily to the violence and turmoil in the Middle East, as well as increasing commodity costs."

Winnebago took over SunnyBrook RV and are in the travel trailer business now as well as ramping up a newly designed Class B "ERA" which will ship in the next few weeks.
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