Winnebago Q2 revenue down 18.8%, net loss $12.7M on refinancing charge, unveils mid-cycle growth targets

WINNEBAGO INDUSTRIES INC

2024-Q2 EPS reported $0.44 revenue$1,466,600,000

Revenue of $703.6M (-18.8% YoY); net loss $12.7M ($0.43/diluted) includes $32.7M charge from convertible note refinancing.
Adjusted diluted EPS $0.93 (-50.5% YoY); Adjusted EBITDA $49.8M (-43.7%).
Towable RV revenue -16.9%, Motorhome -16.2%, Marine -38.2%; total gross margin 15.0% (-190 bps).
Completed $350M convertible senior notes offering to refinance 2025 maturities.
New mid-cycle targets: revenue $4.5-5.0B, gross margin 18.0-18.5%, Adj EBITDA margin 11.0-11.5%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WINNEBAGO INDUSTRIES INC reported the fiscal 2024 second quarter ended February 24, 2024 results: revenue $703.6 million, net income Net loss of $12.7 million, or $0.43 per share.

Period: the fiscal 2024 second quarter ended February 24, 2024
Revenue: $703.6 million
Net income: Net loss of $12.7 million, or $0.43 per share
Result: reported results

Exact text from the filing

product manufacturer, today reported financial results for the fiscal 2024 second quarter ended February 24, 2024. Second Quarter Fiscal 2024 Financial Summary • Revenues of $703.6 million • Gross profit of $105.3 million, representing 15.0% gross margin • Net loss of $12.7 million, or $0.43 per share, includes charge of $32.7 million, or $1.12 per share,

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Source: SEC EDGAR

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