From GlobeNewswire: 2024-12-20 07:00:00

Winnebago Industries reported financial results for the first quarter fiscal 2025, with revenues of $625.6 million and a net loss per diluted share of $0.18. The challenging RV and marine operating environment led to lower unit volumes and gross profit. The Marine segment saw growth, while the RV segments experienced a decline.

CEO Michael Happe highlighted strategic focus on disciplined production, cost management, and new product investments. Barletta and Chris-Craft brands in the Marine segment showed growth in retail market share. Despite lower revenue and margins in RV segments, the company remains confident in its long-term growth potential.

Revenues for the Towable RV segment decreased by 23.2%, while the Motorhome RV segment saw an 18.7% decline. The Marine segment experienced a 3.6% increase in revenues. Adjusted EBITDA for all segments decreased compared to the prior year.

The company repurchased $30 million of shares during the first quarter and approved a quarterly cash dividend of $0.34 per share. Winnebago Industries reaffirmed its fiscal 2025 consolidated revenue outlook of $2.9 billion to $3.2 billion, narrowing its EPS guidance range while maintaining the midpoint. The company remains confident in its fiscal 2025 guidance and long-term growth potential.



Read more at GlobeNewswire:: Winnebago Industries Reports First Quarter Fiscal 2025