Q2 2025 Earnings Presentation July 31, 2025 Forward-Looking Statements This presentation includes contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "estimates," "guidance," "expects," "anticipates," "intends," "plans," "believes," "seeks" and similar expressions. Forward-looking statements include information with respect to financial condition, results of ...

Core Viewpoint - Winnebago Industries reported mixed financial results for Q2 fiscal 2025, with adjusted earnings meeting expectations but revenues declining year over year, leading to a downward revision in future guidance [2][6]. Financial Performance - Adjusted earnings for Q2 fiscal 2025 were 19 cents per share, matching the Zacks Consensus Estimate, but down from 93 cents per share in the same period last year [2]. - Revenues for the quarter were $620.2 million, exceeding the Zacks Consensus Estimate of $609 million, but reflecting an 11.8% decline year over year [2]. Segmental Performance - **Towable RV**: Revenues increased by 1.2% year over year to $288.2 million, with total deliveries rising 7.1% to 7,225 units. Adjusted EBITDA fell 36.5% to $17 million due to product mix and high costs, but was above expectations [3]. - **Motorhome RV**: Revenues decreased by 30.4% year over year to $235.6 million, with total deliveries down 36.8% to 1,144 units. Adjusted EBITDA dropped 79.8% to $5.2 million, missing estimates [4]. - **Marine**: Revenues rose 17.1% year over year to $81.7 million, with total deliveries up 21.3% to 1,046 units. Adjusted EBITDA increased 75.7% to $7.7 million, surpassing expectations [5]. Financials & Outlook - As of March 1, 2025, Winnebago had cash and cash equivalents of $115.5 million and long-term debt of $539.4 million [6]. - The company repurchased $20 million in shares during the quarter [6]. - Revised fiscal 2025 revenue guidance is now between $2.8 billion and $3 billion, down from $2.9 billion to $3.2 billion. Adjusted EPS is now estimated between $2.75 and $3.75, compared to the previous range of $3.10 to $4.40 [6]. Estimate Trends - There has been a significant downward trend in consensus estimates, with a shift of -46.94% noted in the past month [7][10]. VGM Scores - Winnebago currently holds an average Growth Score of C, a Momentum Score of F, and a Value Score of C, placing it in the middle 20% for value [8][9].

Financial Performance - Patrick (NASDAQ: PATK) reported net sales of $1 billion and adjusted EBITDA of $116 million, representing an 11.5% margin for Q1 2025[5] - Operating income for Q1 2025 was $66 million, with a 6.5% margin[6] - Free cash flow for the trailing twelve months (TTM) reached $251 million[7] - Net sales grew by 7% year-over-year, from $933 million in Q1 2024 to $1.003 billion in Q1 2025[20] - Adjusted EBITDA increased from $111 million in Q1 2024 to $116 million in Q1 2025[32] - Adjusted diluted EPS decreased from $1.19 in Q1 2024 to $1.11 in Q1 2025[32] Segment Performance - RV revenue was $479 million, accounting for 48% of net sales in Q1 2025[7, 35] - Marine revenue was $149 million, representing 15% of net sales in Q1 2025, a decrease of 4% compared to Q1 2024[7, 38] - Powersports revenue was $81 million, making up 8% of net sales in Q1 2025, a decrease of 2% compared to Q1 2024[7, 45] - Housing revenue was $295 million, contributing 29% of net sales in Q1 2025, an increase of 7% compared to Q1 2024[7, 52]