Winnebago Industries Inc. said its normalized net income for the fiscal third quarter ended May 30 was 38 cents per share, compared with the S&P Capital IQ consensus estimate of 42 cents per share.
EPS rose year over year from 37 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.4 million, a gain from $10.2 million in the year-earlier period.
The normalized profit margin declined to 3.9% from 4.1% in the year-earlier period.
Total revenue climbed 7.6% year over year to $266.5 million from $247.7 million, and total operating expenses grew 7.7% year over year to $249.9 million from $232.2 million.
Reported net income grew on an annual basis to $11.6 million, or 43 cents per share, from $11.5 million, or 42 cents per share.