EDEN PRAIRIE, Minn., Jan. 14, 2026 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, is making a bold statement at the Florida RV SuperShow, unveiling an array of new models and cutting-edge features from its premium brands—Winnebago, Grand Design RV and Newmar. From motorized coaches to travel trailers, toy haulers and fifth wheels, the company’s industry-leading lineup showcases innovations designed to elevate every moment outdoors and give consu ...

Financial Performance - Net revenues increased by 12.3% to $702.7 million in F26 Q1 compared to $625.6 million in F25 Q1[34, 35] - Gross margin increased by 40 bps to 12.7% in F26 Q1 from 12.3% in F25 Q1[34, 35] - Operating income increased to $13.8 million in F26 Q1, compared to an operating loss of $(0.9) million in F25 Q1[34, 35] - Adjusted diluted earnings per share increased to $0.38 in F26 Q1, compared to $(0.03) in F25 Q1[34, 35] Segment Results - Towable RV segment net revenues increased by 15.5% to $293.4 million in F26 Q1 compared to $254.0 million in F25 Q1[37, 38] - Motorhome RV segment net revenues increased by 13.5% to $308.5 million in F26 Q1 compared to $271.7 million in F25 Q1[44, 45] - Marine segment net revenues increased by 2.2% to $92.5 million in F26 Q1 compared to $90.5 million in F25 Q1[51, 52] Market Trends and Outlook - The company expects CY2025 wholesale RV shipments to be between 335,000 and 345,000 units[18] - The company expects CY2026 wholesale RV shipments to be between 315,000 and 345,000 units[18] - Barletta's market share in the U S aluminum pontoon segment reached 9.1% in F26, with an October monthly share of 12.8%[20] Fiscal 2026 Guidance - The company estimates net revenues between $2.8 billion and $3.0 billion for FY26, representing a potential 4% increase at the midpoint compared to $2.80 billion in FY25[65] - The company estimates adjusted earnings per share between $2.10 and $2.80 for FY26, representing a potential 47% increase at the midpoint compared to $1.67 in FY25[65]

Core Insights - Winnebago Industries reported a net revenue of $775.1 million for Q3 FY 2025, a decrease of 1.4% from $786.0 million in the same quarter last year, primarily due to a reduction in average selling price per unit and volume reductions in the Motorhome RV segment [5][8][9] - The company is focusing on affordability in its Towable RV segment by introducing competitively priced products, while the Marine segment has seen strong profitability growth driven by retail share gains [4][12] - Winnebago updated its fiscal 2025 full-year outlook, projecting net revenues between $2.7 billion and $2.8 billion, with reported earnings per diluted share expected to be between $0.50 and $1.00 [22][18] Financial Performance - Gross profit for Q3 FY 2025 was $106.0 million, down 10.3% from $118.2 million in the prior year, with a gross profit margin of 13.7% [6][8] - Selling, general and administrative expenses increased by 1.9% to $70.3 million, primarily due to investments in the new Grand Design motorhome business [7] - Net income for the quarter was $17.6 million, compared to $29.0 million in the same quarter last year, resulting in earnings per diluted share of $0.62, down from $0.96 [8][9] Segment Performance - In the Towable RV segment, net revenues decreased by 3.8% to $371.7 million, with an adjusted EBITDA margin of 9.5%, down from 10.9% [10][13] - The Motorhome RV segment saw a 2.6% decline in net revenues to $291.2 million, with adjusted EBITDA dropping 77.7% to $3.0 million [11][14] - The Marine segment experienced a 14.6% increase in net revenues to $100.7 million, with adjusted EBITDA rising 37.0% to $11.6 million [12][42] Balance Sheet and Cash Flow - As of May 31, 2025, the company had cash and cash equivalents of $10.5 million and total outstanding debt of $539.9 million [16] - Cash flow used in operations was $25.3 million for the third quarter [16] - The company declared a quarterly cash dividend of $0.34 per share, payable on June 25, 2025 [17] Outlook - Winnebago's management expressed confidence in the long-term potential of its brands and markets, despite near-term macroeconomic challenges [18] - A comprehensive margin recapture plan is being launched for the Winnebago motorhomes segment, focusing on product line refreshment and operational efficiency [18]

Preliminary Q3 Results & Strategic Transformation - Preliminary Q3 results reflect a challenging near-term environment across the outdoor recreation industry[4] - New leadership at Winnebago Motorhomes is driving strategic business transformation to reduce costs and enhance profitability over fiscal 2026[13] - The company is managing areas within its control to drive greater operating efficiencies[13] Market Position & Innovation - The company is leaning into a culture of innovation across its portfolio of premium RV and marine brands[13] - Positive market share momentum is seen in GDRV towables and new motorhome business, Newmar, and Barletta[13] - The company is meeting consumers where they are with products that combine exceptional quality and value across price points[13] - Recently introduced products include Grand Design Lineage Series VT, Winnebago Thrive, Chris-Craft Catalina 31, and Newmar Freedom Aire Compact C[7, 8, 9, 10, 11] Financial Strength & Future Outlook - The company expects positive momentum coming out of the trough[5] - The company is positioned for a strong future[6] - A solid balance sheet and diverse capital allocation strategy enhance the company's ability to generate profitable growth long-term[13]