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May 25, 2024

Winnebago Q3 2024 Earnings Report

Winnebago reported resilient profitability, supported by solid sequential improvement in Towable RV and Marine segments.

Key Takeaways

Winnebago Industries reported Q3 2024 results with revenues of $786.0 million, a decrease of 12.7% compared to the third quarter of last year. Diluted earnings per share was $0.96, and adjusted diluted earnings per share was $1.13. The company returned more than $29 million to investors through share repurchases and dividends.

Revenues of $786.0 million.

Gross profit of $118.2 million, representing 15.0% gross margin.

Diluted earnings per share of $0.96; adjusted diluted earnings per share of $1.13.

Cash and cash equivalents of $318.1 million at quarter-end.

Total Revenue
$786M
Previous year: $901M
-12.7%
EPS
$1.13
Previous year: $2.13
-46.9%
Gross Profit
$118M
Previous year: $151M
-21.9%
Cash and Equivalents
$318M
Previous year: $226M
+40.8%
Free Cash Flow
$88.4M
Previous year: $121M
-26.9%
Total Assets
$2.43B
Previous year: $2.41B
+0.5%

Winnebago

Winnebago

Winnebago Revenue by Segment

Forward Guidance

Management expects to reduce aging RV field inventory and monitor dealer inventory to match production and shipments with retail demand.

Revenue & Expenses

Visualization of income flow from segment revenue to net income