Winnebago Industries, Inc. (NYSE:WGO) stock rose Friday after delivering a strong quarterly performance and upbeat outlook.

The recreational vehicle maker pointed to improving demand trends, more substantial margins, and disciplined execution across its core segments.

The company reported first-quarter adjusted earnings per share of 38 cents, beating the Street view of 13 cents.

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Quarterly sales of $702.700 million outpaced the Street view of $629.919 million.

Segment Performance

Towable RV sales gained 15.5% to $293.4 million. Net revenues increased primarily due to higher unit volume and selective price increases.

Motorhome RV sales increased 13.5% to $308.5 million, primarily due to a favorable product mix and selective price increases, ...