earnings
confidence high
sentiment positive
materiality 0.85
Winnebago reports record Q1 revenue of $1.2B (+46% YoY); adj. EPS $3.51 (+97%)
WINNEBAGO INDUSTRIES INC
2022-Q1 EPS reported
$2.90
revenue$1,155,740,000
- Record Q1 revenue $1.2B (+45.7% YoY); gross margin 19.8% (+250 bps), also a record.
- Reported diluted EPS $2.90; adjusted EPS $3.51 (+97.2% vs $1.78 prior year).
- Towable segment rev $651M (+43.1%); Motorhome rev $421.5M (+30.7%); new Marine segment rev $79.3M.
- Board approved $0.18 quarterly dividend (unchanged), payable Jan 26, 2022; share buybacks of $19.6M in Q1.
- Shareholders approved reincorporation from Iowa to Minnesota; CEO severance terms amended (2x salary).