Winnebago Industries, Inc.

37.26-3.34 (-8.23%)

Oct 29, 4:00:02 PM EDT · NYSE · WGO · USD

Upcoming Earnings

Report date

≈ Dec 19, 2025 (in 50 days)

Key Stats

Market Cap

1.05B

P/E (TTM)

40.95

Basic EPS (TTM)

0.91

Dividend Yield

0.03%

Recent Filings

10-K

FY2025 results

10/22/25Oct 22, 2025

Winnebago Industries wrapped FY2025 with net revenues of $2.8B, down 5.9% y/y from $3.0B, as unit volumes fell across RV segments amid cautious dealer stocking and softer demand, though marine sales rose 13% to $368M on higher volumes. Towable RV revenues dipped 7.5% to $1.2B with a 2.7% unit decline, while motorhome RV dropped 9.4% to $1.2B on 15% fewer units despite ASP gains; Q4 trends showed sequential stabilization but persistent pressure in Winnebago motorhomes. Gross margins compressed to 13.0% from 14.6% due to deleverage and warranty costs, yielding operating income of $57M (down 42.9%) and net income of $26M ($0.91 diluted EPS). Cash from operations fell to $129M, supporting $50M in buybacks and a $0.35/share dividend; liquidity remains solid with $174M cash and no ABL draws. Yet dealer consolidation risks could further crimp quarterly momentum.

8-K

Winnebago Q4 revenues rise 7.8%

10/22/25Oct 22, 2025

Winnebago Industries reported Q4 fiscal 2025 net revenues of $777.3 million, up 7.8% year-over-year, fueled by favorable product mix and price hikes, though full-year revenues dipped 5.9% to $2.8 billion amid lower volumes. Strong cash flow of $181.4 million bolstered the balance sheet, trimming net leverage to 3.1x, while marine and motorhome segments gained market share. Fiscal 2026 guidance projects $2.75-2.95 billion in revenues. Yet challenges persist in the Winnebago brand turnaround.

8-K

Director resigns over job change

8/8/25Aug 8, 2025

Winnebago Industries' board accepted Jacqueline D. Woods' resignation on August 4, 2025, due to a change in her principal employment under the company's governance policy. This departure removes a key director amid ongoing industry pressures. No successor named yet.

8-K

Winnebago Q3 revenues dip slightly

6/25/25Jun 25, 2025

Winnebago Industries reported Q3 fiscal 2025 net revenues of $775.1 million, down 1.4% year-over-year, with net income of $17.6 million or $0.62 per diluted share. Towable RV and Marine segments showed resilience—Towable with 2.5% unit growth targeting affordability, Marine up 14.6% on volume and pricing—yet Motorhome RV volumes fell 14.8% amid inventory adjustments, dragging adjusted EBITDA to $46.5 million. The company updated full-year guidance to $2.7-2.8 billion in revenues and $1.20-1.70 adjusted EPS. Motorhome margins need recapturing.

10-Q

Q3 FY2025 results

6/25/25Jun 25, 2025

Winnebago Industries posted Q3 FY2025 net revenues of $775.1M, down 1.4% y/y but stable q/q, with gross margins slipping to 13.7% from 15.0% amid higher warranty costs and product mix shifts. Operating income fell 30.7% y/y to $30.2M, while diluted EPS dropped to $0.62 from $0.96, reconciling cleanly with 28.4M shares and minor convertible note dilution. Towable RV and Marine segments showed resilience, up 2.5% and 11.3% in units respectively, but Motorhome RV units plunged 14.8% y/y due to dealer inventory adjustments. Cash dwindled to $10.5M after $52.5M operating outflow and $242.4M financing uses including $100M Senior Secured Notes tender and 2025 Convertible Notes maturity, offset by $350M ABL availability; free cash flow not disclosed in the 10-Q. Adjusted EBITDA, reconciled in Note 2, totaled $46.5M, down from $58.0M. Dealers remain cautious on inventory amid economic pressures.

About

Winnebago Industries, Inc. manufactures and sells recreation outdoor lifestyle products primarily for use in leisure travel and outdoor recreation activities. It operates through three segments: Towable RV, Motorhome RV, and Marine. The company provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters, such as conventional travel trailers, fifth wheels, folding camper trailers, truck campers, and park models under the Winnebago and Grand Design brand names. It also offers motorhome RV, a self-propelled mobile dwelling used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago, Newmar, and Grand Design brand names. In addition, the company offers other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; commercial vehicles as bare shells to third-party up fitters, as well as manufactures and sells recreational boats under the Chris-Craft and Barletta brand names. Further, it is involved in the original equipment manufacturing of parts for other manufacturers and commercial vehicles. The company sells its products primarily through independent dealers in the United States, Canada, and internationally. Winnebago Industries, Inc. was incorporated in 1958 and is based in Eden Prairie, Minnesota.

CEO

Mr. Michael J. Happe

IPO

2/21/1973

Website

https://www.winnebagoind.com

Employees

5,300

Sector

Consumer Cyclical

Industry

Recreational Vehicles