NYSE$WGO

Winnebago Industries Inc. · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Winnebago's Q1 2025 performance reflected a challenging outdoor recreation market, with strategic focus on cost management and targeted investments.

Winnebago Industries reported first quarter fiscal 2025 results with revenues of $625.6 million, a net loss per diluted share of $0.18, and an adjusted net loss per diluted share of $0.03. The company is reaffirming its expectation for consolidated revenues in the range of $2.9 billion to $3.2 billion.

  • Revenues decreased by 18.0% to $625.6 million due to lower unit volume and product mix changes.
  • Net loss was $5.2 million, with a reported net loss per diluted share of $0.18.
  • Marine segment revenues increased by 3.6% year-over-year, driven by price increases and higher unit volume.
  • The company repurchased $30 million of shares during the quarter.

Headline financials

Total Revenue

$626M

Previous: $763M-18.0%
EPS

-$0.18

Previous: $1.06-117.0%
Adjusted EBITDA Margin

2.3%

No prior period
Gross Margin

12.3%

No prior period
Adjusted EBITDA

$14.4M

No prior period
Capital Expenditures

-$10M

Previous: -$11.8M+15.3%
Free Cash Flow

-$15.2M

Previous: $14M-208.6%
Net Income

-$5.2M

Previous: $25.8M-120.2%
Operating Income

-$900K

Previous: $39.1M-102.3%
Gross Profit

$76.8M

Previous: $116M-33.7%
Cash & Equivalents

$263M

Previous: $220M+19.5%
Total Assets

$2.3B

Previous: $2.37B-3.0%
Stock-Based Comp

$5.5M

Previous: $4.6M+19.6%

Revenue & EPS history

Winnebago · Revenue · Quarterly

$626M

Q1 2025-18%vs Q1 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Winnebago · $688M total across 3 segments · Q3 2026

  • Motorhome RV
    $321M
  • Towable RV
    $275M
  • Marine
    $92.4M

Forward guidance

For fiscal 2025, Winnebago Industries is reaffirming its expectation for consolidated revenues in the range of $2.9 billion to $3.2 billion. The Company now expects reported earnings per diluted share of $2.50 to $3.80, compared with the prior range of $2.40 to $3.90 per diluted share, and adjusted earnings per share of $3.10 to $4.40.

Tailwinds

  • remains confident in its fiscal 2025 guidance
  • prepared to capitalize on the anticipated rise in demand as the RV and marine markets enter the spring selling season
  • robust lineup of new products
  • healthy channel relationships
  • strong financial foundation

Headwinds

  • typical seasonality and challenging market conditions
  • competitive dynamics
  • shifts in consumer preferences
  • key macroeconomic factors that may influence overall demand
  • prevailing trends in the RV sector

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.0%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+5.2%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+28.9%

Q2 2020

Best reaction

-16.3%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026-7.2%-5.0%
Q1 2026+8.2%+5.6%+18.5%
Q4 2025+28.7%+30.3%+10.0%
Q3 2025-5.5%-8.6%+6.0%
Q2 2025+8.1%-0.7%-5.8%
Q1 2025-7.6%-7.8%-8.0%
Q4 2024-10.0%-4.2%+1.6%
Q3 2024-4.8%-8.5%+0.2%
Q2 2024+7.0%+8.1%-4.5%
Q1 2024-3.8%-3.9%-10.1%
Q4 2023-2.3%-1.6%+12.5%
Q3 2023-5.6%-3.6%+3.7%
Q2 2023-3.9%-3.9%+1.4%
Q1 2023-4.7%-3.8%+9.9%
Q4 2022-11.0%-4.7%-5.0%
Q3 2022+10.2%+14.2%+28.7%
Q2 2022-10.0%-15.4%-11.3%
Q1 2022-3.4%+2.2%+11.4%
Q4 2021-4.9%-8.6%-0.1%
Q3 2021+0.8%+2.6%+3.3%
Q2 2021-4.2%-5.3%+0.4%
Q1 2021+8.2%+9.2%+10.2%
Q4 2020-10.4%-15.2%-12.0%
Q3 2020-3.5%-6.0%-12.6%
Q2 2020+28.9%+23.6%+64.4%
Q1 2020+10.7%+9.6%+15.5%
Q4 2019+17.0%+20.3%+13.1%
Q3 2019+3.5%-0.6%+2.0%
Q2 2019-0.8%+7.0%+25.0%
Q1 2019+15.4%+12.4%+53.4%
Q4 2018-8.3%-11.8%-19.4%
Q3 2018+15.0%+6.6%+3.3%
Q2 2018-12.7%-18.0%-19.7%
Q1 2018-1.9%-1.7%-7.7%
Q4 2017+7.5%+6.5%+11.5%
Q3 2017+15.7%+20.0%+18.8%
Q2 2017+7.0%+8.1%-5.6%
Q1 2017-12.2%-11.2%-15.2%
Q4 2016+1.6%+1.4%+10.0%
Q3 2016+7.1%+1.2%+5.8%
Q2 2016+4.7%
Q1 2016-11.1%
Q4 2015-0.4%
Q3 2015+18.2%
Q2 2015-11.6%
Q1 2015-11.0%
Q4 2014-3.0%
Q3 2014+2.1%
Q2 2014+1.6%
Q1 2014-16.3%
Q4 2013+7.9%
Q3 2013+0.1%
Q2 2013-5.8%
Q1 2013+16.7%
Q4 2010-1.8%
Q4 2012-8.0%
Q3 2011+6.1%
Q3 2012+6.1%
Q2 2011+3.5%
Q2 2012+3.5%
Q1 2012+1.7%
Q4 2011+1.7%
Q1 2011+1.7%
Q3 2010-1.4%
Q2 2010-0.9%

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