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May 28, 2022
Winnebago Q3 2022 Earnings Report
Delivered record third quarter results, driven by focused execution and progress on reducing order backlog.
Key Takeaways
Winnebago Industries reported record third quarter revenues of $1.5 billion, a 52% increase, including 41% organic growth. Reported EPS was $3.57, and adjusted EPS was $4.13, up 84% over the prior year. The company continued to gain RV retail market share and executed record share repurchases of $70 million.
Record Third Quarter Revenues of $1.5 Billion Increased 52%, Including Robust Organic Growth of 41%
Reported Quarterly Diluted EPS of $3.57 and Adjusted EPS of $4.13, Up 84% Over Prior Year
RV Retail Market Share Gains Continue; 13.2%, +70 bps, Fiscal Year-To-Date through April
Record Share Repurchases of $70 million in the Third Quarter
Winnebago
Winnebago
Winnebago Revenue by Segment
Revenue by Segment
Towable RV Revenue
CapyFin.comMotorhome RV Revenue
CapyFin.comMarine Revenue
CapyFin.com Forward Guidance
We expect supply chain inconsistencies and inflation pressures to continue in the fourth quarter, and into our fiscal 2023, and we are focused on continuing to stay ahead of them.
Positive Outlook
- successful in managing supply chain disruptions
- improving dealer inventory levels
- navigating cost inflation
- driving manufacturing productivity to deliver consistently strong results
- leveraging our resilient operating structure
Challenges Ahead
- supply chain inconsistencies to continue in the fourth quarter
- inflation pressures to continue in the fourth quarter
- supply chain inconsistencies to continue into our fiscal 2023
- inflation pressures to continue into our fiscal 2023
- focused on continuing to stay ahead of them
Revenue & Expenses
Visualization of income flow from segment revenue to net income