Thu, Jun 20, 8:11 PM (79 days ago)
Winnebago Industries, Inc. reported a decline in quarterly revenue to $786.0 million, down 12.7% year-over-year, primarily due to lower unit volumes and product mix. Gross profit decreased by 22.0% to $118.2 million, reflecting higher warranty expenses and operational inefficiencies. SG&A expenses rose slightly due to strategic investments. Operating income dropped 46.0% to $43.5 million. Net income halved to $29.0 million, with diluted EPS at $0.96, down 43.9%. Adjusted EBITDA fell 39.8% to $58.0 million. The company continues to face macroeconomic headwinds but maintains a strong liquidity position with $318.1 million in cash and no borrowings against its $350.0 million credit facility. Future operations are expected to stabilize as market conditions improve.