0921 ET - Winnebago's wider-than-expected revenue shortfall in F1Q was partially offset by some gains in its smaller boat-making business. Revenue from the marine segment was up 3.6% year-over-year at $90.5 million, accounting for about 15% of the company's total top line. The gains were driven by targeted price increases on certain units and higher volumes, which more than offset a general reduction in average selling price as the company shifts its product mix toward more affordable options. The segment's adjusted Ebitda also rose 17% to $8.4 million thanks to the targeted price increases. (dean.seal@wsj.com)
(END) Dow Jones Newswires
December 20, 2024 09:21 ET (14:21 GMT)
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