FOREST CITY | Winnebago Industries Inc., which reported a nearly $100 million second-quarter revenue increase Wednesday, said it will share federal tax savings with its employees.
The Forest City-based RV manufacturer announced its second-quarter revenues increased by 26.4 percent to $468.4 million, compared to $370.5 million the previous year. That's an increase of $97.9 million.
The revenue increase is due to growth in the company's towable segment, Winnebago officials said. Revenues for towable products were $266.4 million for the quarter, up 55.2 percent over the prior year.
"Our Towables segment outpaced the industry with robust organic growth and impressive profitability across the Winnebago and Grand Design brands," Winnebago President/CEO Michael Happe said in a statement.

Happe
Due to the recently-enacted Tax Cuts and Jobs Act, Winnebago received a $2.3 million tax benefit, which Happe said would be shared with "hard-working Winnebago Industries employees in the form of a bonus and other selective wage adjustments."
You have free articles remaining.
The company also plans to use the benefit to make a donation to its foundation and accelerate facility improvements to create better work environments, Happe said.
Other notable second-quarter results include $202 million in revenue for motorized products, up 1.5 percent from last year.
As the company moves into the second half of its fiscal year, Happe said Winnebago is "well-positioned to capitalize on the upcoming retail season with an improving product line across both brands, increased capacity within our Grand Design business, and a focus to provide our customers with a high level of product quality and service support."
"We remain cautiously optimistic about the retail prospects for the RV industry this year and believe Winnebago and Grand Design inventory levels are appropriate in relation to our momentum and the addition of new products entering the market," Happe said.
Winnebago 2

Assembly line workers Jared Maas, right, and Stan Trca work under the chassis of an RV on the Winnebago Industries assembly line in Forest City in March 2016.
Winnebago 1

Assembly line worker Scott Lieber examines the inner roof of an RV on the assembly line at Winnebago Industries in Forest City in March 2016.
Winnebago 3

Assembly line worker Gilberto Dominguez is shown in a March 15, 2016, file photo attaching cargo doors to an RV on the assembly line at Winnebago Industries in Forest City.
Winnebago OperationLZ single employee

James Virchow, one of the Vietnam veterans who works at Winnebago Industries.
Winnebago 1

Workers walk in a production area of Winnebago Industries in Forest City in this file photo from April 2015.
Aerials Forest City Winnebago

Forest City Winnebago
Winnebago tour photo

Winnebago Industries has opened for the annual tour season. Visitors can tour the plant and campus on set times Monday through Friday.
Winnebago Industries Inc New Winnebago Brave

The new vintage-inspired Winnebago Brave.
Winnebago anniversary 4

Winnebago Industries built this Universal Studios Tour tram.
Winnebago anniversary 2

Before Winnebago Industries began producing motor homes in 1966, the company built travel trailers like this one.
Winnebago 60th anniversary 1

Winnebago Industries has a big celebration when its 100,000th motor home was completed.
Pink Winnie

Winnebago Industries will make a donation to breast cancer for every pink Minnie sold.
Winnebago Lake Mills

Nick Simmons of Emmons, Minnesota, works on a Travato, the latest class B motor home from Winnebago Industries, at the company's Lake Mills, Iowa, plant.
Aerials Forest City Winnebago

Forest City Winnebago
Harlan Rodberg, Winnebago

Harlan Rodberg works on the assembly line at Winnebago Industries in Forest City. He's worked for the motor home manufacturer for 50 years.
Winnebago Industries

Workers assemble recreational vehicles at Winnebago Industries in Forest City in a file photo from 2013. Company officials announced on Friday an additional plant will be opened in Waverly.
Winnebago fire

A fire that destroyed Winnebago Industries’ plant in 1964 was just one of the challenges faced by the company, but with help from Forest City Development, the company rose from the ashes to become America’s leading motor home manufacturer.
WINNEBAGO

Workers assemble Class A motor homes at a Winnebago Industries production plant in Forest City.
Winnebago plant workers

This file photo taken in 2004 shows Winnebago Industry workers leaving for the day from “Bertha,” the company’s main production plant in Forest City. About 600 employees have lost their jobs at the Forest City plant since June 2008.
Winnebago Industries Partners with CBS News' "The Early Show" on the Great American Vacation

A 2008 Winnebago Destination will be featured on CBS News’ “The Early Show” during its summer promotion, The Great American Vacation.
Aerial Winnebago

An aerial view of Winnebago Industries first factory (left), which was located at the intersection of Highways 9 and 69 where Forest City Ford currently is located.
Aerials Forest City Winnebago

Forest City Winnebago
Wheel of Fortune

Winnebago Industries has had a long association with the game show “The Wheel of Fortune,” whose co-star Vanna White is one of the most recognizable faces in television.
Stock exchange

Winnebago Industries officials, including Chairman of the Board and CEO Bruce Hertzke and President Bob Olson celebrate the company’s 50th anniversary last week by ringing the closing bell at the New York Stock Exchange on Wall Street.
Winnebago View

Winnebago Industries employees put the finishing touches on a Winnebago View.
400,000 motor home

Pictured celebrating the building of Winnebago Industries 400,000th motor home recently are Winnebago Chairman of the Board and CEO Bruce Hertzke; Keith Farland, accounting; Bob Eames, customer service; Joe Biretz, customer service; Harlan Rodberg, motor home plant; Francis Oborny, customer service; Ken Gremmer, chassis weld; Irv Larson, maintenance; Elsie Felland, treasury; Lanny Jenkins, Creative Aluminum Products Company (CAPCO), Bernie Kofron, customer service; and Winnebago President Bob Olson.
Smaller motor homes

Although profits were down in 2006, Winnebago Industries found solace in the sales of its smaller motor homes.
Shipout building

Winnebago Industries' new $2.3 million shipout building includes two alignment/dynometer stalls that are part of the 130-point inspection each motor home goes through before leaving the plant.
Winnebago stock exchange

Winnebago Industries Chairman, President and CEO Bob Olson, joined by Vice President/CFO Sarah Nielsen (left) and PR/IR Manager Sheila Davis, rang the NYSE closing bell on Thursday. Winnebago Industries listed on the NYSE on September 9, 1970. under the ticker symbol WGO.
2011 WIT GNR photo

WIT Rally Grounds 2011.
Miller Winnebago

Scott Miller works at Winnebago Industries in Forest City. Visitors touring the facilities will get a behind-the-scenes look at the building of an RV.
Winnebago

Bruce Hertzke, Winnebago Industries Inc. chairman, CEO and president, speaks at a groundbreaking ceremony for a new $2.3 million shipout facility being constructed in Forest City by the motor home manufacturer.
Aerials Forest City Winnebago

Forest City Winnebago
Motor home builds

In this December 2008 photo, workers build motor homes on one of the lines at Winnebago Industries Inc.’s main manufacturing facility in Forest City.
Gremmer Winnebago

Winnebago Industries employee Jeff Gremmer works on a motor home.
WINNEBAGO INDUSTRIES, INC. ERA MOTORHOME

The Era motorhome from Winnebago Industries, Inc. was the #1 selling Class B motorhome model in North America for 2012.
Metro Link

Winnebago Industries enters the midsize transportation vehicle market with the Metro Link.
Adventurer

The hybrid version of this 2009 Adventurer is on a national media tour.
Production line

Working on the production line at Winnebago Industries Thursday afternoon are Jim Powers of Garner (left), who is installing a cab window, and Rich Anderson, Mason City, fastening the slide out of the motor home.
New motor home models

The 2008 Winnebago Destination makes its debut at the 44th Annual National RV Trade Show.
Post a comment as
Report
Watch this discussion.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.