Winnebago Industries Inc
F:WI1

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Winnebago Industries Inc Logo
Winnebago Industries Inc
F:WI1
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Price: 25.2 EUR -0.79% Market Closed
Market Cap: €729.5m

Winnebago Industries Inc
Investor Relations

Winnebago Industries makes recreational vehicles and related outdoor products for people who travel and camp by road. Its lineup includes motorhomes, travel trailers, fifth wheels, and towable campers sold under brands such as Winnebago, Grand Design, and Newmar. It also makes marine products through its Chris-Craft and Barletta brands, giving the company a mix of land- and water-based leisure vehicles. The company sells mainly to dealers, who then sell to retail buyers such as vacationers, retirees, and outdoor enthusiasts. It also serves some commercial and rental customers. Winnebago makes money when dealers buy finished RVs, boats, and parts, and it earns additional income from replacement parts and service-related products tied to its brands. Winnebago sits near the middle of the leisure vehicle value chain: it designs, builds, and brands the products, while a dealer network handles most of the customer relationship and after-sale sales. That model ties the company to consumer spending on travel and recreation, but it also gives it a recognizable brand portfolio and a broad reach across different types of outdoor vehicles.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Mar 25, 2026
AI Summary
Q2 2026

Revenue: Consolidated net revenues rose 6% year‑over‑year in Q2, driven by a 29% increase in Motorhome RV that offset declines in Towable RV and Marine.

Profitability: Operating income improved 51% year‑over‑year and adjusted EPS was $0.27 in Q2, up 42% versus last year.

Guidance: Fiscal 2026 guidance maintained: consolidated net revenues $2.8B–$3.0B and adjusted EPS $2.10–$2.80; reported EPS raised to $1.50–$2.20.

Inventory: Dealer/RV inventory turns were ~1.5x at quarter end with a company goal of ~2.0x by calendar 2026, driven partly by intentional shipment pacing and new‑product replenishment.

Product & strategy: Management highlighted new product introductions across Motorhome, Towable and Marine, and a deliberate focus on premium/higher‑value segments to protect retail dollar share.

Balance sheet: Company redeemed $100M of 6.25% senior secured notes due 2028, signaling progress on deleveraging and preserved liquidity.

Key Financials
Consolidated net revenues (guidance)
$2.8 billion to $3.0 billion
Reported earnings per diluted share (guidance)
$1.50 to $2.20
Adjusted earnings per diluted share (guidance)
$2.10 to $2.80
Adjusted EPS (Q2)
$0.27
Consolidated net revenues (Q2)
increased 6% year‑over‑year
Motorhome RV net revenues (Q2)
up 29% year‑over‑year
Motorhome RV operating income margin (Q2)
2.4%
Towable RV net revenues (Q2)
down 9% year‑over‑year
Towable RV operating income margin (Q2)
4.2%
Marine net revenues (Q2)
down 3% year‑over‑year
Marine operating income margin (Q2)
3.7%
RV inventory turns (end of Q2)
approximately 1.5x
Operating income improvement (consolidated Q2)
improved 51% vs prior year
Redeemed debt
$100 million of 6.25% senior secured notes due 2028
Wholesale shipments industry range (mentioned)
315,000 to 345,000 units
Motorhome net revenues (first half)
running 21% ahead of fiscal 2025
Motorhome operating income margin (first half)
2.6%
Towable segment operating income (first half)
up 3% vs prior year
Marine operating income margin (first half)
5.3%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael J. Happe
CEO, President & Director
No Bio Available
Mr. Bryan L. Hughes
CFO and Senior VP of Finance, Investor Relations & Business Development
No Bio Available
Mr. Donald Jeff Clark
Group President of Towable RV Segment & President of Grand Design RV
No Bio Available
Mr. Casey J. Tubman
President of Newmar Corporation
No Bio Available
Mr. Sridhar Koneru
Senior VP & Chief Information Officer
No Bio Available
Ms. Stacy L. Bogart
Senior VP of Corporate Responsibility, Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Amber Holm
Senior VP & Chief Marketing Officer
No Bio Available
Mr. Bret A. Woodson
Senior VP, Chief Human Resources Officer, Chief of Staff & Corporate Administration
No Bio Available
Mr. Ashis N. Bhattacharya
Senior VP of Advanced Technology, Corporate Ventures & Engineering Services
No Bio Available
Mr. Christopher David West
President of Winnebago Motorhomes & Specialty Vehicles
No Bio Available

Contacts

Address
MINNESOTA
Eden Prairie
13200 Pioneer Trail, Suite 150
Contacts
+19528298600.0
winnebagoind.com
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