Full-year revenue for Winnebago Industries exceeded $2 billion for the first time, and the company attributes the 30 percent increase to the strong towable camper segment.
Revenues for the fiscal 2018 fourth quarter were $536.2 million, an increase of 17.9 percent compared to $454.9 million for the fiscal 2017 period.
Gross profit was $83.8 million, an increase of 13.9 percent compared to $73.6 million last year.
Gross profit margin decreased 60 basis points in the quarter, as higher input costs were largely offset by cost savings initiatives and pricing actions, but the results compared against a favorable inventory adjustment in the prior year as well, the company said.
“Fiscal 2018 was a tremendous step forward for Winnebago Industries in all aspects — strategically, financially, and culturally," said Winnebago president and CEO Michael Happe in a statement.
"Strategically we made strong strides in the journey to transform ourselves into a premier, outdoor lifestyle company, especially with our fourth-quarter entry into the attractive marine market with the acquisition of Chris-Craft,” Happe said.