EDEN PRAIRIE, Minn., April 02, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading manufacturer of outdoor recreation products, today announced the settlement in cash of the remaining $59.3 million aggregate principal amount of 1.50% unsecured convertible senior notes due April 1, 2025 (the "2025 Convertible Notes"). Winnebago Industries has repaid a total of $159 million of debt to date in fiscal 2025. Bryan Hughes, Senior Vice President and Chief Financial Officer of Winnebago Indust ...

EDEN PRAIRIE, Minn., April 01, 2025 (GLOBE NEWSWIRE) -- With the Minnesota Twins Home Opener just around the corner, Winnebago Industries (NYSE:WGO), a leading manufacturer of outdoor recreation products, and 'Official Outdoor Adventure Partner' of the Twins, today announced the launch of the "Hit It To Win It" sweepstakes, where a fan could win an RV or boat from Winnebago Industries' portfolio of premium brands. "Winnebago Industries is excited to again partner with the Minnesota Twins to bring our shared ...

To enter, fans can visit the area inside Gate 34 of Target Field to connect with a Winnebago Industries brand ambassador, scan the QR code on the stadium RV, or visit www.hitittowinit.com and complete the entry form. The 2025 Home Opener is set for this Thursday, April 3, when the Twins host the Houston Astros at 3:10 p.m. CT. "The Dock" presented by Winnebago Industries Back for Second Season Nothing says Minnesota summer like boating on one of the 10,000 beautiful lakes or many rivers across the state. Fo ...

Motorhome RV: Revenues in the Motorhome RV segment decreased 30.4% year over year to $235.6 million due to a decline in unit volume. The top line missed our estimate of $271.3 million. Total deliveries from the Motorhome RV segment came in at 1,144 units, falling 36.8% year over year and missing our estimate of 1,443 units. The segment recorded an adjusted EBITDA of $5.2 million, down 79.8% due to volume deleverage. The metric also missed our estimate of $7.9 million. Marine: Revenues from the segment total ...

For the transition period from _________________ to _________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 1, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-06403 WINNEBAGO INDUSTRIES, INC. (Exact name of registrant as specified in its charter) | Mi ...

Financial Data and Key Metrics Changes - The company reported a sequential increase in profitability, attributed to operational pricing and cost improvements within the Towable and Motorhome RV segments [11] - Gross margin declined year over year due to a shift in product mix, but improved by 110 basis points sequentially due to lower allowances and discounts [35][36] - Adjusted EBITDA increased by 140 basis points sequentially, driven by lower allowances and discounts alongside reduced SG&A expenses [36] Business Line Data and Key Metrics Changes - In the Towable RV segment, revenues increased modestly year over year due to higher unit volume, but adjusted EBITDA margin declined due to product mix shifts and higher input costs [37] - Motorhome RV revenues decreased year over year, reflecting lower unit sales due to market conditions, although the launch of the Grand Design Motorhome Lineage lineup provided some offset [38] - Marine segment revenues increased year over year primarily due to unit volume, with adjusted EBITDA rising due to targeted price increases and operational efficiencies [40] Market Data and Key Metrics Changes - The company forecasts wholesale RV shipments for calendar 2025 to be between 320,000 to 350,000 units, approximately 4% below the RVIA's forecast, reflecting a conservative approach amid subdued retail conditions [25] - The company noted that retail patterns in March mirrored those of February, indicating no significant change in consumer sentiment [69] - Market share in motorhomes rose mid-single digits in 2024 versus 2023, while towable market share grew low single digits over the same period [28][29] Company Strategy and Development Direction - The company is focused on disciplined production, strong dealer relationships, improved operating efficiency, and sustained innovation to position itself for sustainable growth [11][12] - A tri-brand strategy in the motorhome sector aims to cater to distinct market segments and mitigate risks while unlocking potential for margin expansion [20] - The Winnebago Towables business is undergoing a strategic transformation to reset its portfolio with a new pricing strategy and product offerings [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the economic environment, noting that inflation and consumer confidence are critical factors affecting future sales [46][47] - The adjusted EPS guidance was reduced to a range of $2.75 to $3.75 per diluted share, reflecting a decrease in consumer confidence and sentiment [48] - Despite challenges, management remains optimistic about new products and long-term strategies, emphasizing a commitment to profitability and market presence [49][53] Other Important Information - The company completed a $100 million cash tender offer to repurchase a portion of its senior secured notes due 2028 [41] - A quarterly dividend of $0.34 per share will be paid in April, marking the forty-third consecutive quarterly dividend [43] - The company is actively managing tariff impacts through strategic sourcing and supplier collaboration [44] Q&A Session Summary Question: Impact of tariffs on EPS guidance - Management indicated that the guidance incorporates expected tariff impacts, which are believed to be relatively limited for fiscal 2025 [58] Question: Retail trends in March - Management noted that retail patterns in March were consistent with February, with no significant changes observed [69] Question: Inventory management and dealer relationships - Management emphasized the importance of maintaining healthy dealer relationships and managing inventory levels effectively [72] Question: Pricing strategy for Winnebago Towables - The company is adjusting pricing to enhance retail effectiveness and improve dealer inventory turnover [108] Question: Future product offerings and market share - Management expressed confidence in the potential for market share growth through new product introductions and improved dealer relationships [117]

For the quarter ended February 2025, Winnebago Industries (WGO) reported revenue of $620.2 million, down 11.9% over the same period last year. EPS came in at $0.19, compared to $0.93 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $608.95 million, representing a surprise of +1.85%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.19.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Winnebago Industries (WGO) came out with quarterly earnings of $0.19 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this recreational vehicle maker would post earnings of $0.16 per share when it actually produced a loss of $0.03, delivering a surprise of -118.75%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Win ...

Financial Performance - Net revenues for Q2 FY 2025 were $620.2 million, a decrease of 11.8% from $703.6 million in the same quarter last year[5] - Gross profit was $83.1 million, representing a gross margin of 13.4%, down from 21.1% year-over-year[6] - Adjusted EBITDA decreased by 54.2% to $22.8 million, with an adjusted EBITDA margin of 3.7%[9] - The Motorhome RV segment saw net revenues decline by 30.4% to $235.6 million, with adjusted EBITDA down 79.8%[12] - The Marine segment reported a 17.1% increase in net revenues to $81.7 million, with adjusted EBITDA rising 75.7%[12] - Net revenues for the three months ended March 1, 2025, were $620.2 million, a decrease of 11.8% from $703.6 million for the same period in 2024[26] - Gross profit for the six months ended March 1, 2025, was $159.9 million, representing a gross margin of 12.8%, down from 15.1% in the prior year[26] - Operating income for the three months ended March 1, 2025, was $7.8 million, significantly lower than $35.4 million for the same period in 2024, reflecting a decline in operating margin from 5.0% to 1.3%[26] - The company reported a net loss of $5.6 million for the six months ended March 1, 2025, compared to a net income of $13.1 million in the same period last year[31] - For the six months ended March 1, 2025, net revenues were $672.8 million, a decrease of $165.4 million or 24.6% compared to $507.3 million in the prior year[37] - Adjusted EBITDA for the six months ended March 1, 2025, was $1.6 million, or 0.2% of revenues, down from $47.3 million or 7.0% of revenues, a decline of 83.2%[37] Market Position - Barletta's market share in the U.S. aluminum pontoon market increased to 9.5%, up 140 basis points year-over-year[4] Expenses and Liabilities - Selling, general and administrative expenses rose by 8.6% to $69.7 million, driven by performance-based compensation and investments in growth[7] - Total current liabilities decreased to $373.8 million as of March 1, 2025, from $404.7 million as of August 31, 2024[28] - The company incurred interest expense of $12.6 million for the six months ended March 1, 2025, compared to $9.4 million in the prior year[31] Cash and Assets - Total assets decreased to $2,194.0 million as of March 1, 2025, down from $2,384.2 million as of August 31, 2024[28] - Cash and cash equivalents decreased to $115.5 million at the end of the reporting period, down from $330.9 million at the beginning[31] Unit Deliveries - Unit deliveries for Towable RVs increased by 7.1% to 7,225 units in the three months ended March 1, 2025, compared to 6,747 units in the same period last year[34] - Total unit deliveries for motorhome RVs decreased to 1,144 units, down 667 units or 36.8% from 1,811 units in the same quarter last year[37] - Total unit deliveries for boats in the marine segment increased to 1,046 units, up 184 units or 21.3% from 862 units in the same quarter last year[38] - Dealer inventory for motorhome RVs decreased to 3,784 units, down 1,060 units or 21.9% from 4,844 units in the prior year[37] Future Outlook - The updated fiscal 2025 outlook projects sales between $2.8 billion and $3.0 billion, with adjusted earnings per share guidance of $2.75 to $3.75[14] - The company aims to achieve over $100 million in revenue from the new Lineage Class Super C motorhome in fiscal 2025[3] Earnings Per Share - Adjusted diluted earnings per share for the three months ended March 1, 2025, was $0.19, compared to $0.93 for the same period in 2024[41]