NYSE$WGO

Winnebago Industries Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Winnebago delivered strong results driven by robust organic growth and market share gains.

Winnebago Industries reported a strong second quarter with revenues of $1.2 billion, a 39% increase year-over-year. The company saw growth across its segments and gained market share in the RV and Marine sectors. Adjusted EPS increased by 42% compared to the prior year.

  • Second quarter revenues reached $1.2 billion, a 39% increase, including 29% organic growth.
  • Reported diluted EPS was $2.69, and adjusted EPS was $3.14, a 42% increase over the prior year.
  • RV retail market share increased to 14.3%, up 100 bps over the prior year, based on trailing three months through January.
  • Approximately $72 million in cash was returned to shareholders year-to-date through the second quarter.

Headline financials

Total Revenue

$1.16B

Previous: $840M+38.7%
EPS (adj)

$3.14

Previous: $2.12+48.1%
Capital Expenditures

-$20.2M

Previous: -$6.23M-224.4%
Free Cash Flow

$71M

Previous: $62.8M+12.9%
Net Income

$91.2M

Previous: $69.1M+32.0%
Operating Income

$137M

Previous: $100M+36.8%
Gross Profit

$217M

Previous: $157M+38.3%
Cash & Equivalents

$135M

Previous: $333M-59.5%
Total Assets

$2.31B

Previous: $1.86B+24.4%
Stock-Based Comp

$4.19M

Previous: $4.63M-9.4%

Revenue & EPS history

Winnebago · Revenue · Quarterly

$1.16B

Q2 2022+38.7%vs Q2 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Winnebago Industries is focused on operational excellence and working closely with dealer partners to replenish inventories. The company anticipates continued market share gains and profitable growth across its portfolio.

Tailwinds

  • Sustained, elevated consumer demand for expanded portfolio of premier outdoor lifestyle brands
  • Consumers embrace the outdoor lifestyle
  • Deep affinity for brands
  • Continued focus on quality, service and innovation
  • Continued headroom for sustained market share gains and profitable growth across our portfolio

Headwinds

  • Uncertainty surrounding the COVID-19 pandemic
  • General economic uncertainty in key markets
  • Worsening of domestic economic conditions or low levels of economic growth
  • Availability of financing for RV and marine dealers
  • Ability to manage inventory to meet demand

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 Q2 2022

Historical avgQ2 2022

+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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