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GlobeNewswire·

Winnebago Industries Reports Fourth Quarter and Full Year Fiscal 2025 Results

WGO
  • Winnebago Industries reported Q4 Fiscal 2025 net revenues of $777.3 million, a 7.8% increase year-over-year driven by favorable product mix & targeted price increases.
  • Full-year Fiscal 2025 net revenues totaled $2.798 billion, a 5.9% decrease from the prior year due to lower average selling prices & reduced unit volume.
  • Q4 Net income was $13.7 million ($0.49 per diluted share), while adjusted earnings per share reached $0.71, up 153.6% year-over-year.
  • Q4 Operating cash flow was $181.4 million, supported by efficiency actions & disciplined inventory management.
  • The net leverage ratio improved to 3.1x at quarter-end, down from 4.8x in the third quarter.
  • Barletta expanded its market share in the U.S. aluminum pontoon segment, while Grand Design RV & Newmar grew share in key motorhome segments.
  • Towable RV revenues decreased 3.4% in Q4 but operating income margin improved to 7.0% due to price increases & transformation efficiencies.
  • Motorhome RV revenues rose 17.3% in Q4, though the segment posted an operating loss of $0.3 million due to transformation costs & higher discounts.
  • Marine segment revenues increased 17.9% in Q4 with operating income margin jumping to 7.1% from a prior year loss, aided by price hikes & volume leverage.
  • The company announced Fiscal 2026 guidance expecting net revenues between $2.75 billion & $2.95 billion, with adjusted EPS projected between $2.00 & $2.70.
  • A 3% increase to the quarterly cash dividend was approved, raising the dividend to $0.35 per share.
  • Winnebago anticipates North American RV wholesale shipments of 320,000 to 340,000 units in calendar 2025 & 315,000 to 345,000 units in calendar 2026.