NYSE$WGO

Winnebago Industries Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record quarterly revenues and EPS driven by strong consumer demand and consistent execution.

Winnebago Industries reported record third quarter fiscal 2021 results with revenues of $960.7 million, a 138.7% increase compared to the prior year. The company achieved record reported diluted EPS of $2.05 and record adjusted diluted EPS of $2.16. RV market share gains continued, rising to 12.5%.

  • Achieved record quarterly revenues of $960.7 million, driven by strong end consumer demand.
  • Gained RV market share, rising to 12.5% on a fiscal year-to-date basis.
  • Reported record diluted EPS of $2.05 and record adjusted diluted EPS of $2.16.
  • Experienced record backlogs reflecting sustained levels of strong end consumer demand.

Headline financials

Total Revenue

$961M

Previous: $402M+138.7%
EPS (adj)

$2.16

Previous: -$0.26+930.8%
Capital Expenditures

-$8.68M

Previous: -$9.56M+9.2%
Free Cash Flow

$62.6M

Previous: -$21.9M+385.8%
Net Income

$71.3M

Previous: -$12.4M+677.1%
Operating Income

$102M

Previous: -$8.17M+1353.3%
Gross Profit

$170M

Previous: $32M+429.6%
Cash & Equivalents

$406M

Previous: $152M+166.2%
Total Assets

$1.98B

Previous: $1.53B+29.1%
Stock-Based Comp

$4.7M

Previous: -$308K+1626.0%

Revenue & EPS history

Winnebago · Revenue · Quarterly

$961M

Q3 2021+138.7%vs Q3 2020
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 pleased with the strength of its business and the appeal of its brands as it enters the final quarter of fiscal 2021. The company remains focused on working with suppliers and dealers to sustain production and replenish inventories. Winnebago is also investing in its business to meet persistent demand and is committed to environmental stewardship and community support.

Tailwinds

  • Strength of business and appeal of leading brands.
  • Focused on working with suppliers to sustain strong levels of production.
  • Working with dealer network to replenish inventories.
  • Continuing to invest in the business to meet elevated demand.
  • Commitment to stewardship of the environment and communities.

Headwinds

  • Not mentioned

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 Q3 2021

Historical avgQ3 2021

+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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