What is the market's earnings forecast for Winnebago Industries next quarter?

What is Winnebago Industries's gross profit margin?

What is the revenue and EPS growth rate for Winnebago Industries year over year?

What were the key takeaways from Winnebago Industries’s earnings call?

What guidance did Winnebago Industries's management provide for the next earnings period?

What is Winnebago Industries's latest dividend and current dividend yield?

What does Winnebago Industries do and what are its main business segments?

What factors drove the changes in Winnebago Industries's revenue and profit?

- **Revenue Growth**: Q1 revenue up 12% YoY, driven by 15.5% Towable RV and 13.5% Motorhome RV growth. FY26 guidance raised to $2.8B-$3.0B.
- **Margin Expansion**: Motorhome RV operating income margin +390bps YoY, Towable RV margin +30bps despite higher warranty costs.
- **Strategic Wins**: Newmar gains 33.9% share in Class A Diesel, Grand Design Super C ranked #2/#3 in Class C. Barletta Marine share expands 30bps.
- **Balance Sheet Strength**: Net leverage reduced to 2.7x (target 2.0x by FY26), $181.7M cash on hand.
- **Tariff Mitigation**: 40%+ of FY26 EPS tied to managing tariff impacts through cost reduction initiatives.

**【CEO Summary Section】**
- **Q1 Revenue Growth**: Total revenue increased 12% YoY, driven by double-digit growth in Towable RV (+15.5%) and Motorhome RV (+13.5%) segments. New products like Grand Design Imagine and Winnebago Thrive contributed significantly.
- **Segment Performance**: Motorhome RV operating income margin improved 390 basis points YoY, while Towable RV margin expanded 30 basis points despite higher warranty costs. Marine segment revenue grew 2.2% YoY.
- **Strategic Initiatives**: Aggressive shift to lower-priced products (e.g., Transcend series, Reflection 100) to capture affordability-driven demand. Dual-branded strategy in Towables (Winnebago & Grand Design) aims for share growth. Newmar and Grand Design are gaining market share in Class A Diesel (33.9%), Class C (13.7%), and Super C categories.
- **Balance Sheet Strength**: Reduced net leverage to 2.7x, targeting 2.0x by FY26. Q1 operating cash flow of $25.4M and $181.7M in cash equivalents reflect disciplined capital management.
- **Market Outlook**: FY26 guidance raised to $2.8B-$3.0B revenue and $1.40-$2.10 EPS. Expect modest industry growth (315K-345K units) but focus on controllable factors like cost management and new product launches.

**【CFO Financial Commentary】**
- **Top Line**: Consolidated revenue growth of 12% YoY, driven by selective price increases and volume gains. Motorhome RV segment EPS improved due to targeted pricing and lower discounts.
- **Cost Control**: Operating expenses declined 3.2% YoY, with $30.2M adjusted EBITDA (double YoY). Inventory management tight, with accounts receivable down 22% YoY.
- **Leverage Reduction**: Net leverage ratio reduced to 2.7x, targeting 2.0x by FY26. Strong cash flow generation ($25.4M Q1) supports balance sheet resilience.
- **Guidance Update**: FY26 EPS range raised to $1.40-$2.10 (vs. prior $1.25-$1.95), reflecting confidence in operational execution and margin expansion initiatives.

**【Q&A Highlights】**
- **Retail Trends**: Softness in Q1 retail (RV registrations down 7.6% YoY) but optimism for back-half recovery. Dealer stocking orders for new products (e.g., Grand Design Motorhome) suggest improving demand.
- **Margin Drivers**: Towable RV margin expansion (3.8%) driven by volume leverage, despite higher warranty costs. Motorhome RV margin improvement tied to selective pricing and product mix.
- **New Product Success**: Grand Design Motorhome Series M ranked #2/#3 in Class C, while Newmar Super C Freedom Air gaining traction. Barletta's TEC cover innovation driving Marine segment share growth.
- **Tariff Management**: 40%+ of FY26 EPS guidance tied to managing tariff impacts through strategic sourcing, engineering cost reductions, and supplier collaboration.
- **Upgrade Cycle**: Deferral of upgrade cycle observed, but positioned to benefit with high-quality, innovative products (e.g., Newmar Freedom Air) that balance affordability and luxury.

Winnebago Industries, Inc.(WGO)-20251219-2026 Q1 Earnings call transcript

- **Revenue Growth**: Q4 2025 revenue $777.3M, driven by motorized RVs (e.g., Newmar, Grand Design) and towables (Grand Design Transcend). FY25 adj EBITDA up 33.1%.
- **Strategic Turnaround**: Winnebago-branded RVs improving with new products (Sunflyer Class C), dealer partnerships, and 1.9x inventory turn rate.
- **Financial Strength**: Net leverage 3.1x (down from 4.8x); FY25 returned $88.9M to shareholders via buybacks and dividends.
- **FY26 Outlook**: Revenue $2.75-2.95B, adj EPS $2-2.70, with focus on margin improvement, tariff mitigation, and controlled growth.

**【CEO Summary Section】**
- **Q4 2025 Performance**: Revenue of $777.3 million, adjusted EPS of $0.71, driven by strong motorized RVs (e.g., Newmar's Class A Summit Aire, Grand Design Lineage Series M) and towables (Grand Design Transcend). Marine segment saw Barletta's Aria pontoon success.
- **Strategic Actions**: Winnebago-branded RV turnaround with new products (Sunflyer Class C), dealer partnerships, and operational efficiency. Inventory turn rate improved to 1.9x, targeting 2.0+.
- **Market Outlook**: 2026 RV shipments expected at 315,000-345,000 units. Focus on margin improvement through product mix, cost savings, and tariff mitigation.

**【CFO Financial Commentary】**
- **Financial Highlights**: Adjusted EBITDA up 33.1% YoY to $181.4 million. Operating income margin improved in Towables (+210 bps) and Motorhomes (reduced losses). Net leverage ratio reduced to 3.1x from 4.8x.
- **Cash Flow**: Q4 cash from operations $181.4 million, FY25 total $88.9 million returned to shareholders via buybacks and dividends.
- **Tariff Mitigation**: Proactive strategies include supplier diversification, redesigns, and selective pricing. FY26 guidance includes full tariff impact, with ongoing cost-saving initiatives.

**【Q&A Key Highlights】**
- **Tariffs**: FY26 guidance includes full tariff impact; 2025 unmitigated expense $0.50-0.75 EPS. Teams focus on mitigation and pricing.
- **Market Share**: Class B pressure due to competition, but leading in Class A and towables. Grand Design Motorized and Winnebago Towables gaining share.
- **2026 Guidance**: Revenue $2.75-2.95B, EPS $1.25-1.95, adj EPS $2-2.70. Motorhomes to drive growth; Towables flat to low single-digit; Marine down due to softness.
- **Cadence**: Back-half loaded; Q1-Q2 improvements from FY25, with FY26 upside from controlled actions, not market recovery.

Winnebago Industries, Inc. (WGO) Q4 2025 Earnings Call Transcript

- **Motorhome Segment Challenges**: EBITDA margin down 140bps YoY due to market softness and operational inefficiencies.
- **Marine Growth**: 15% revenue increase driven by volume and price hikes, with EBITDA margin improving.
- **Tariff Risk**: FY26 EPS impact of $0.50-$0.75 from tariffs, partially offset by price adjustments.
- **Strategic Initiatives**: New product launches (Lineage VT, Aria series) and inventory optimization to drive long-term profitability.
- **Guidance Update**: FY25 EPS reduced to $1.20-$1.70 due to Motorhome business headwinds.


**【CEO Opening Remarks】**
- Q3 revenue decline due to product mix shift (lower ASP Grand Design Transcend series) and market softness in Motorhome segment.
- Motorhome segment EBITDA margin down 140bps YoY due to higher discounts, allowances, and operational inefficiencies.
- Marine segment revenue up 15% YoY driven by volume growth and price increases.
- Company reducing FY25 adjusted EPS guidance to $1.20-$1.70 due to Motorhome business challenges.

**【CFO Financial Review】**
- Consolidated revenue down modestly QoQ, with unit volume up 2.5% in Towables and 11% in Marine.
- Gross margin declined 130bps YoY due to warranty costs and product mix.
- Free cash flow negative $81.7M for 9M due to operational inefficiencies and working capital challenges.
- Tariff-related risk for FY26 estimated at $0.50-$0.75 EPS, partially offset by price increases.

**【Key Strategic Initiatives】**
- Winnebago Motorhome business transformation: reducing production, optimizing inventory, and accelerating product value.
- New product launches: Grand Design Lineage VT Class B, Barletta Aria series, and Chris-Craft Sportster.
- Share gains: Motorhome market share up in Class A gas/diesel, Towables up 60bps in Travel Trailer segment.

**【Q&A Highlights】**
- Motorhome business EBITDA decline 500bps YoY driven by volume deleverage and discounts.
- FY26 industry shipment forecast cautious at 315K-335K units.
- Tariff mitigation strategies include supplier diversification and price adjustments.
- Marine segment resilience due to disciplined inventory management and product innovation.


Winnebago Industries, Inc. (WGO) Q3 2025 Earnings Call Transcript

- **Motorhome Innovation Success**: Lineage Series M Class C drives $100M+ revenue target for FY25, with strong dealer and consumer response.
- **Towables Turnaround**: New pricing strategy and product innovation stabilize market share, with dealer backlog up YoY.
- **Financial Caution**: FY25 EPS guidance cut to $2.75-$3.75 due to macro uncertainty, but free cash flow remains strong with $20M buybacks.
- **Tariff Mitigation**: Company working with suppliers to minimize impact, with potential price adjustments if tariffs materialize.
- **Marine Growth**: Barletta gains share to 9.5% and Chris-Craft launches new models, positioning for long-term marine expansion.

**【CEO Opening Remarks】**
- Q2 highlighted sequential profitability improvement driven by operational efficiency and pricing adjustments in Towable and Motorhome RV segments.
- Motorhome RV segment saw strong retail performance of the new Lineage Series M Class C, with a $100M+ revenue target for the Lineage brand in FY25.
- Towable RV segment reset with a new pricing strategy, dealer engagement, and product innovation, leading to dealer enthusiasm and market share stabilization.
- Newmar maintains leadership in Class A diesel market, with the Dutch Star model ranking #1 for 3 consecutive years.
- Winnebago Motorhome undergoing turnaround with a refreshed product plan, expected to gain traction in H2 FY25.
- Barletta and Chris-Craft continue to gain marine market share, with Barletta at 9.5% and Chris-Craft launching new models like the Catalina 31.

**【CFO Financial Review】**
- Consolidated revenue: $813M (FY25 Q2), with Towable RV up 4% YoY, Motorhome RV down 11% YoY, and Marine up 20% YoY.
- Adjusted EBITDA: $112M (FY25 Q2), down 340bps YoY due to gross margin deleverage and SG&A growth.
- Gross margin: 17.2% (FY25 Q2), down 200bps YoY due to product mix shift, but up 110bps sequentially from lower allowances.
- Free cash flow generation remains strong, with $20M share buybacks and $180M remaining under the repurchase program.
- Net debt-to-EBITDA ratio: 4.0x, above target range of 0.9x-1.5x, with plans to improve working capital.
- FY25 guidance updated to EPS $2.75-$3.75 (from $3.10-$4.40) and revenue $2.8B-$3.0B (from $2.9B-$3.2B) due to macroeconomic uncertainty.

**【Q&A Key Takeaways】**
- **Tariff Impact**: Company expects to mitigate most tariff-related costs through supplier collaboration and pricing adjustments, with final impact unclear until April 2025 policy announcements.
- **Market Sentiment**: Dealer inventory remains cautious, with 2x industry turns expected; Q3-Q4 sales depend on consumer confidence and selling season strength.
- **Towables Strategy**: Winnebago Towables targeting 3%+ market share through pricing reset, innovation, and dealer support, with new products launching in Q4 FY25.
- **Motorhome Inventory**: Motorized RV field inventory elevated, with focus on aging units and selective rebates to clear inventory.
- **Marine Outlook**: Barletta and Chris-Craft gaining share, with Barletta at #3 U.S. aluminum pontoon brand and Chris-Craft launching new models like the Catalina 31.
- **Leverage and Margin**: Sequential improvement in EBITDA expected in H2 FY25 as volumes recover, with long-term focus on differentiated products to drive margins above industry average.

Actual											0.67	-0.26	1.45	1.69	2.12	2.16	2.57	3.51	3.14	4.13	3.02	2.07	1.88	2.13	1.59	1.06	0.93	1.13	0.28	-0.03	0.19	0.81	0.71	0.38	0.27
Forecast											0.6685	-0.4451	0.9263	1.0076	1.4151	1.7699	2.0063	2.3438	2.9377	2.96	2.7718	1.8212	1.2466	1.7839	1.3622	1.1799	0.8458	1.3136	0.8895	0.2005	0.1297	0.7943	0.5333	0.1325	0.2386
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+0.22%	+41.59%	+56.54%	+67.73%	+49.81%	+22.04%	+28.10%	+49.76%	+6.89%	+39.53%	+8.95%	+13.66%	+50.81%	+19.40%	+16.72%	-10.16%	+9.96%	-13.98%	-68.52%	-114.96%	+46.49%	+1.98%	+33.13%	+186.79%	+13.16%

WGO

WGO fundamentals

WGO Q2 2026 Earnings

Earnings Call

You can ask Aime

WGO

WGO fundamentals

WGO Q2 2026 Earnings

Earnings Call

WGO Earnings Call Summary for Q2/2026Today10:00 AM on Mar 25, 2026

WGO Earnings Call Summary for Q1/202610:00 AM on Dec 19, 2025

WGO Earnings Call Summary for Q4/202510:00 AM on Oct 22, 2025

WGO Earnings Call Summary for Q3/202510:00 AM on Jun 25, 2025

WGO Earnings Call Summary for Q2/202510:00 AM on Mar 27, 2025

You can ask Aime