Revenue during the quarter surged 75.08 percent to $476.36 million from $272.08 million in the previous year period. Gross margin for the quarter expanded 374 basis points over the previous year period to 14.86 percent. Total expenses were 92.68 percent of quarterly revenues, up from 92.43 percent for the same period last year. That has resulted in a contraction of 25 basis points in operating margin to 7.32 percent.

Operating income for the quarter was $34.86 million, compared with $20.59 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $47.33 million compared with $17.73 million in the prior year period. At the same time, adjusted EBITDA margin improved 342 basis points in the quarter to 9.94 percent from 6.52 percent in the last year period.

President and chief executive officer Michael Happe commented, "Our third quarter results continued to reflect the journey we are on here at Winnebago Industries to build a larger, more profitable, full-line RV portfolio. The performance of our new Grand Design division and the associated integration activities continue to meet and even exceed our expectations, and are certainly accelerating our diversification within the still-growing North American RV industry. We delivered strong improvement in gross margin, driven primarily by the overall shift of revenues to our more profitable Towables Segment. We are gaining market share in both of our Towables businesses, including the Winnebago-branded side, and are aggressively investing in new products and further capacity expansion. In the Motorized segment, we are building the foundation for future growth with significant activity around product-line rationalization, enhanced dealer coverage strategies, and focused new product development teams, improving quality and service support processes, and building toward a more nimble and lean manufacturing environment. In addition to solid sales and profitability results, we have also strengthened our balance sheet by reducing debt by $43 million during the quarter. I would like to thank our Winnebago Industries employees for their hard work during the quarter and for their ongoing commitment to provide high-quality products and service to our end customers."

The company has spent $403.53 million cash to meet investing activities during the nine month period as against cash outgo of $19.54 million in the last year period. It has incurred net capital expenditure of $9.52 million on net basis during the nine month period, down 52.17 percent or $10.39 million from year ago period.

Cash flow from financing activities was $274.97 million for the nine month period as against cash outgo of $11.19 million in the last year period.

Cash and cash equivalents stood at $24.37 million as on May 27, 2017, down 65.80 percent or $46.88 million from $71.25 million on May 28, 2016.