Winnebago Industries Reports Fourth Quarter and Full Year Fiscal 2026 Results
Key Highlights
- ➤Fiscal 2027 adjusted EPS guidance $1.65-$2.25; revenue guidance $2.65-$2.80 billion
- ➤Q4 revenue $645.1 million, down 17.0% year over year
- ➤Fiscal 2026 adjusted EPS $1.79, up 7.2% year over year
- ➤Motorhome FY revenue $1,257.5 million, up 8.4%; operating income $33.2 million
- ➤Q4 operating cash flow $142.5 million; net leverage improved to 2.2x
- ➤Towable FY revenue $1,050.8 million, down 13.9%; operating income fell 34.7%
Expert Statements
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“Fiscal 2026 highlighted the resilience of our portfolio and the disciplined execution of our teams in a persistently challenging retail environment”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“By maintaining focus on the factors within our control, including product innovation, operational improvements and deliberate production and inventory management, we continued to strengthen our brands and position the portfolio for long-term growth.”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“Even as market pressure across our segments persisted, we began to see encouraging early signs across several strategic initiatives: real traction in the Winnebago Motorhome transformation, stabilizing share trends and improving market share at Grand Design Towables, growing market penetration for Grand Design Motorized, and impressive share growth at Winnebago Towables,”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“We took actions to rationalize capacity, drive operational efficiency, and better align our manufacturing footprint with market demand.”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“At multiple retail, trade, and dealer meeting events in September, we demonstrated the breadth of our portfolio with new offerings across brands, product categories and price points.”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“Fiscal 2026 also reflected the strength of our balance sheet and disciplined approach to capital allocation,”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“The renewal and extension of our $350 million revolving credit facility through 2031 and the Board's decision to increase the quarterly dividend underscore our confidence in the business and long-term strategy.”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“Supported by solid operating cash flow, improved working-capital performance and lower year-end leverage, we exited the year with a stronger balance sheet and the flexibility to continue investing in innovation, operations and customer experience.”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“Fiscal 2027 outlook reflects a market where the timing and pace of recovery remain difficult to predict.”
Michael Happe, President and Chief Executive Officer of Winnebago Industries
“We will stay focused on serving our customer and dealers at high levels, delivering differentiated products that consumers value and continuing to strengthen our operational efficiency and discipline.”
-- Motorhome RV Continues to Gain Share through Innovation and Operational Execution((1)) --
-- Recent Manufacturing Footprint Actions Expected to Drive Long-Term Returns --
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