Posts Tagged ‘Class A gas’

2011 Winnebago Itasca Impulse Class C Motorhome

Winnebago Itasca Impulse Class C Motorhome

Winnebago Industries Inc. has been recognized by Statistical Surveys Inc. (SSI), a retail reporting service in Grand Rapids, Mich., as the top-performing motorhome manufacturer with both the largest volume and the largest overall growth in motorhome retail registrations during calendar 2012.

In the U.S. motorhome retail registration report issued Wednesday (Feb. 13) for December of 2012, Winnebago Industries was listed as the top selling manufacturer for Class A and Class C motorhomes in calendar 2012, with market share of 20.6% compared to 19.0% for calendar 2011, according to a Winnebago news release. Winnebago Industries’ volume growth was 16.1% above retail registrations during calendar 2011 compared to industry growth of 7.3%.

In the U.S. Class A market segment, Winnebago Industries is also the top-selling market leader with 22.2% for calendar 2012. In addition, the company also led the U.S. Class A gas market segment with 24.2% market share, grew U.S. Class A diesel market share to 19.4% and U.S. Class C market share to 18.5% for calendar 2012.

“We are passionate about developing and delivering innovative new products of the highest quality backed by best-in-class support after the sale,” said Winnebago Industries Vice President of Sales and Product Management Scott Degnan. “These dynamic retail statistics both confirm and continue to fuel that drive. Thanks to our industry leading and loyal dealer network along with the hard work of our employees, we are establishing new, higher benchmarks for ourselves. We congratulate our dedicated employees and our strong dealer partners in achieving this top selling position. We will continue to work diligently to develop exciting new products and to provide industry-leading support for our dealers and retail customers.”

Winnebago Industries, Inc. has been recognized for the tenth consecutive year as the nation’s top-selling motor home manufacturer, according to Statistical Surveys, Inc., a retail reporting service in Grand Rapids, Mich.

Statistical Surveys reported Winnebago Industries’ dealers retailed more Class A and Class C motor homes combined than any other manufacturer’s dealer group in calendar 2010, achieving 18.8 percent market share. Winnebago Industries also became the top-selling Class A market leader for the first time since 1981. Total Class A market share for calendar 2010 was 19.5 percent compared to 16.6 percent for calendar 2009. Winnebago Industries’ Class A diesel market share was 15.2 percent in calendar 2010 versus 11.4 percent in calendar 2009. Winnebago Industries also led the Class A gas market segment with 23.7 percent market share in calendar 2010, compared to 22.9 percent for calendar 2009.

“We’re very pleased that Statistical Surveys once again reported Winnebago Industries as the number one manufacturer of Class A and C motor homes combined in the United States,” said Winnebago Industries Vice President of Sales and Marketing Roger Martin. “We congratulate our loyal employees and our strong dealer network in achieving this top selling position for the tenth consecutive year. We work very hard to develop exciting new products and to provide support for our dealers and retail customers in the form of what we believe are industry-leading sales and service programs. We are pleased that these efforts have resulted in continued success in the retail market. We are particularly pleased with our market share performance in the Class A gas and diesel motor home market segments, due in part to the success of our new 2011 lineup featuring many innovative industry-exclusive features and floorplans.”

Statistical Surveys also reported the ERA as the top-selling Class B model in the industry with 15 percent for calendar 2010. Following a brief hiatus in production to develop the new model, the newly redesigned 2012 ERA will be reintroduced this Spring.

FOREST CITY, Iowa–Winnebago Industries, Inc. (NYSE:WGO), one of the leading United States (U.S.) motor home manufacturers, today reported continued improvement in financial results during the Company’s first quarter of Fiscal year 2011.

Revenues for the first quarter of Fiscal 2011 ended November 27, 2010 were $123.7 million, an increase of 52.7 percent, versus $81.0 million for the first quarter of Fiscal 2010. The Company reported an operating profit of $4.9 million for the quarter, versus an operating loss of $6.0 million for the first quarter of Fiscal 2010. Net income for the first quarter was $3.8 million versus a net loss of $1.3 million for the first quarter of Fiscal 2010. On a diluted per share basis, the Company had net income of $0.13 for the first quarter of Fiscal 2011 versus a net loss of $0.05 for the first quarter of Fiscal 2010. The net loss for the first quarter of Fiscal 2010 reflected the positive impact of $4.9 million in tax benefits associated with additional Fiscal 2009 net operating loss carryback due to tax law changes in Fiscal 2010; however, no tax benefits were recorded on first quarter Fiscal 2010 pre-tax losses which were not immediately subject to refund. During the first quarter of Fiscal 2011, an idled assembly facility in Charles City, Iowa (CCMF) classified as held for sale, was sold to CGS Tires US, Inc. The sale was finalized on November 1, 2010 and generated $3.7 million in net proceeds and a gain of $644,000.

The first quarter was positively impacted by increased motor home deliveries, increased average selling price due to a shift to more higher-priced Class A products, more fixed cost absorption and improved labor efficiencies as a result of higher production levels, as well as the sale of CCMF.

“Increased motor home deliveries continued to drive the improvement in our first quarter Fiscal 2011 results,” said Winnebago Industries’ Chairman, CEO and President Bob Olson. “We are pleased to see increases in our delivery volumes, as well as strength in our Class A products in the marketplace, with gains in both Class A gas and diesel market share. As we enter the slower winter months, however, we remain cautious until we see continued retail growth.”

“We experienced a very positive response from dealers on our new 2011 products shown at the recent National RV Trade Show in Louisville, KY which took place November 30 through December 2, 2010,” continued Olson. “Our dealers were particularly excited about the new Class A diesel Winnebago Tour and Itasca Ellipse products for 2011, which were totally redesigned with a new exterior design and four floorplans unique to the Recreation Vehicle (RV) industry. We also displayed several new floorplans in our Class A gas and Class C product lines, in addition to the premier viewing of our new 2012 ERA Class B motor home, with better user-functionality, enhanced features, more storage capacity and more value.”

Winnebago Industries’ dealer inventory increased 31.8 percent with 2,066 Class A, B and C motor homes on dealers’ lots at the end of the first quarter of Fiscal 2011, compared to the end of the first quarter of Fiscal 2010. Conversely, Winnebago Industries’ sales order backlog was 698 Class A, B and C motor homes at the end of the first quarter of Fiscal 2011, a decrease of 54.1 percent compared to the end of the first quarter of Fiscal 2010.

“Our higher sales order backlog last year at this time was indicative of the fact dealer inventory had bottomed out and our dealers were finally ready to re-stock their shelves with new product,” said Olson. “We responded to that increased demand by ramping up our production a year ago and dealer inventory has remained at a consistent level and in line with retail demand since February 2010.”

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