Winnebago's Backlog Just Hit a Record $1.8 Billion

Winnebago (NYSE: WGO) just closed out a wild fiscal year in strong fashion. The recreational vehicle giant on Wednesday announced fourth-quarter results that showed a sharp demand rebound as compared to the prior quarter. The spike helped it reach flat organic sales for fiscal 2020 despite several weeks of COVID-19 production and dealership shutdowns.

CEO Michael Happe and his team are sounding an optimistic tone about the new year ahead, too, thanks to a record level of order backlog for boats as well as towable and motorized RVs. Let's take a closer look.

Image source: Getty Images.

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Source Fool.com