|
1998
Annual Report
|
Year Ended
|
(dollars in thousands, except per share
data)
|
August 29, 1998
|
August 30, 1997
|
August 31, 1996
|
Continuing operations
|
|
|
|
Revenues
|
|
|
|
Manufactured products
|
$ 523,018
|
$ 436,712
|
$ 483,398
|
Dealer financing
|
2,076
|
1,420
|
1,406
|
Total net revenues
|
525,094
|
438,132
|
484,804
|
Costs and expenses
|
|
|
|
Cost of manufactured products
|
450,934
|
385,540
|
417,231
|
Selling and delivery
|
21,197
|
27,131
|
25,290
|
General and administrative
|
19,986
|
20,313
|
21,574
|
Total costs and expenses
|
492,117
|
432,984
|
464,095
|
Operating income
|
32,977
|
5,148
|
20,709
|
Financial income
|
2,950
|
1,844
|
354
|
Income from continuing operations before income
taxes
|
35,927
|
6,992
|
21,063
|
Provision for taxes
|
11,543
|
416
|
6,639
|
Income from continuing operations
|
24,384
|
6,576
|
14,424
|
Discontinued operations
|
|
|
|
Income from operations of discontinued Cycle-Sat
subsidiary (net of applicable income tax provision of $261)
|
---
|
---
|
593
|
Gain on sale of Cycle-Sat subsidiary (net
of applicable income tax provision of $13,339)
|
---
|
16,472
|
---
|
Loss from the disposal of discontinued operations
(net of applicable income tax credit of $1,157)
|
---
|
---
|
(2,632)
|
Net income
|
$ 24,384
|
$ 23,048
|
$ 12,385
|
Earnings (loss) per share:
|
|
|
|
Continuing operations:
|
|
|
|
Basic
|
$ 1.01
|
$ .26
|
$ .57
|
Diluted
|
1.00
|
.26
|
.57
|
Discontinued operations:
|
|
|
|
Basic
|
---
|
.65
|
(.08)
|
Diluted
|
---
|
.64
|
(.08)
|
Net earnings per share:
|
|
|
|
Basic
|
$ 1.01
|
$ .91
|
$ .49
|
Diluted
|
1.00
|
.90
|
.49
|
Weighted average common shares outstanding
(in thousands):
|
|
|
|
Basic
|
24,106
|
25,435
|
25,349
|
Diluted
|
24,314
|
25,550
|
25,524
|
See notes to consolidated financial statements.
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Copyright © 1998 Winnebago Industries, Inc.
Last modified:
May 19, 2006
|