NYSE$WGO

Winnebago Industries Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered record third quarter results, driven by focused execution and progress on reducing order backlog.

Winnebago Industries reported record third quarter revenues of $1.5 billion, a 52% increase, including 41% organic growth. Reported EPS was $3.57, and adjusted EPS was $4.13, up 84% over the prior year. The company continued to gain RV retail market share and executed record share repurchases of $70 million.

  • Record Third Quarter Revenues of $1.5 Billion Increased 52%, Including Robust Organic Growth of 41%
  • Reported Quarterly Diluted EPS of $3.57 and Adjusted EPS of $4.13, Up 84% Over Prior Year
  • RV Retail Market Share Gains Continue; 13.2%, +70 bps, Fiscal Year-To-Date through April
  • Record Share Repurchases of $70 million in the Third Quarter

Headline financials

Total Revenue

$1.46B

Previous: $961M+51.8%
EPS (adj)

$4.13

Previous: $2.16+91.2%
Capital Expenditures

-$19.8M

Previous: -$8.68M-128.2%
Free Cash Flow

$97.4M

Previous: $62.6M+55.6%
Net Income

$117M

Previous: $71.3M+64.4%
Operating Income

$177M

Previous: $102M+72.5%
Gross Profit

$273M

Previous: $170M+60.9%
Cash & Equivalents

$238M

Previous: $406M-41.3%
Total Assets

$2.43B

Previous: $1.98B+22.6%
Stock-Based Comp

$5.63M

Previous: $4.7M+19.7%

Revenue & EPS history

Winnebago · Revenue · Quarterly

$1.46B

Q3 2022+51.8%vs Q3 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

We expect supply chain inconsistencies and inflation pressures to continue in the fourth quarter, and into our fiscal 2023, and we are focused on continuing to stay ahead of them.

Tailwinds

  • successful in managing supply chain disruptions
  • improving dealer inventory levels
  • navigating cost inflation
  • driving manufacturing productivity to deliver consistently strong results
  • leveraging our resilient operating structure

Headwinds

  • supply chain inconsistencies to continue in the fourth quarter
  • inflation pressures to continue in the fourth quarter
  • supply chain inconsistencies to continue into our fiscal 2023
  • inflation pressures to continue into our fiscal 2023
  • focused on continuing to stay ahead of them

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 2022

Historical avgQ3 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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