Stock Watch 2020 Friday, January 8, 2021 6:00 AM
What a ride 2020 has been. The year started and ended on a bull run, but it was the events in between that shaped 2020: a global pandemic, spiking unemployment, monetary and fiscal stimulus from the Federal Reserve and Congress, an election year and the development of COVID-19 vaccines. All-time highs were seen for all three major indexes: the Nasdaq, Dow Jones Industrial Average and S&P 500. So where does that leave Iowa’s publicly traded companies? Most of them took a tumble in 2020.
Six of Iowa’s 18 public companies ended the year with gains in their stock prices, led by Ames-based Renewable Energy Group Inc. with a 162.78% gain for the year. The second-highest was Ames-based Workiva Inc. with a 117.88% gain. Four Iowa companies had double-digit percentage gains.
Winnebago sees boost in income from rise in outdoor recreation Monday, December 21, 2020 11:03 AM
Radio Iowa: Boosted by more people heading into the great outdoors during the pandemic, Winnebago Industries started its new fiscal year strong. The Forest City-based outdoor lifestyle manufacturer reported first-quarter net income of $57.4 million, an increase of more than 300% when compared with $14.1 million in the prior-year quarter.
Radio Iowa
You are here: Home
Winnebago sees boost in income from move to outdoor recreation
Boosted by more people heading into the great outdoors during the pandemic, Winnebago Industries started its new fiscal year strong.
The Forest City-based outdoor lifestyle manufacturer reports first-quarter net income of $57.4 million, an increase of over 300% when compared to $14.1 million in the prior year quarter. Winnebago president and CEO Michael Happe says the company had a fantastic first quarter and credited the company’s employees for continued hard work through the pandemic.
“We gained RV market share, grew our consolidated top line by approximately 35%, expanded gross margins 390 basis points, and grew operating income 256%,” Happe says. “None of this would have been possible without the exceptional work of our world-class Winnebago Industries team.”