Friday, October 13, 2006

Winnebago Earnings Tumble on Sales Slide

DES MOINES, Iowa — Motor-home manufacturer Winnebago Industries Inc. reported sharply lower profits for its fiscal fourth quarter due to product liability claims and a decrease in sales because of higher interest rates and fuel prices.

Shares of the company fell $1.08, or 3.14 percent, to close at $33.28 on the New York Stock Exchange.

The Forest-City, Iowa-based company earned $9.3 million, or 30 cents a share, for the quarter, compared with $15.4 million, or 46 cents a share, a year ago.

Sales for the quarter were reported at $205.4 million, a decreased of 11.3 percent from sales of $231.5 million a year ago. Full Story...

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