India, June 25 -- Winnebago Industries, Inc. (WGO), a manufacturer of outdoor recreation products, on Thursday posted lower third-quarter earnings as revenue declined on lower unit volume, and lowered its full-year guidance. Winnebago shares were down more than 3% in pre-market trading.
Net income fell to $14.5 million, or $0.51 per share, from $17.6 million, or $0.62 per share, in the prior-year quarter. Adjusted earnings per share declined 18.5% to $0.66 from $0.81.
Operating income decreased 23.9% to $23.0 million from $30.2 million a year earlier.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) dropped 18.7% to $37.8 million from $46.5 million a year ago.
Revenue declined 9.9% to $698.7 million from ...