Winnebago Q1 2021 Earnings Report
Key Takeaways
Winnebago Industries reported a strong first quarter with revenues up 34.8% year-over-year, driven by strong end consumer demand. The company saw a gross margin expansion of 390 basis points and an increase in adjusted EPS of 131.5% over the prior year.
Organic RV market share gains continued, rising 110 basis points on a trailing twelve month basis.
Quarterly revenues were up 34.8% year-over-year, bolstered by strong end consumer demand.
First quarter gross margin expanded by 390 basis points.
Reported diluted EPS was $1.70; adjusted EPS was $1.69, up 131.5% over prior year.
Winnebago
Winnebago
Winnebago Revenue by Segment
Forward Guidance
Winnebago Industries will be focused on building upon our market momentum, and doing good in the social arena as well. We are confident that the favorable industry dynamics in the RV and marine markets and the unique appeal of our innovative products will continue to drive market share gains and strong financial results.
Positive Outlook
- Favorable industry dynamics in the RV and marine markets
- Unique appeal of innovative products
- Continuing to drive market share gains
- Strong financial results
- Building upon market momentum
Revenue & Expenses
Visualization of income flow from segment revenue to net income