Friday, March 20, 2009
Winnebago Reports Loss in Q2
Motor homes maker Winnebago Industries Inc. (WGO: News ) reported a slip to loss in the second quarter, hurt by significantly lower sales of recreational vehicles and increased incentives, amid persisting declines in the global credit market. The company also participated in a "no net cost" loan program, in an effort to help it out of the crisis. However, extreme volatility in the market caused its revenues to drop more than 80% from the prior year.
Second quarter net loss was $10.38 million $0.36 per share, compared to a profit of $2.52 million or $0.09 per share in the year-earlier quarter.
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Get the Class A Motorhome 101 RV DVD
The RV Care & Maintenance DVD addresses issues like: information on the proper care and maintenance for the interior of your RV, the exterior of your RV, RV appliances, LP gas system, water system, electrical system, RV generators, RV batteryís, chassis & frame and RV tires. Let RV expert Mark Polk, help you to thoroughly understand how to take care of your RV. Watch as many times as you need to.
Second quarter net loss was $10.38 million $0.36 per share, compared to a profit of $2.52 million or $0.09 per share in the year-earlier quarter.
Full Story...
-------------
Get the Class A Motorhome 101 RV DVD
The RV Care & Maintenance DVD addresses issues like: information on the proper care and maintenance for the interior of your RV, the exterior of your RV, RV appliances, LP gas system, water system, electrical system, RV generators, RV batteryís, chassis & frame and RV tires. Let RV expert Mark Polk, help you to thoroughly understand how to take care of your RV. Watch as many times as you need to.
# posted by Steven Fletcher : 1:39 PM
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