secwatch.observer — SEC 8-K summary
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Issuer:     WINNEBAGO INDUSTRIES INC (WGO)
CIK:        0000107687
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0000107687-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107687/000010768724000006/0000107687-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107687/000010768724000006/wgo-20240321.htm
  HTML page:      https://secwatch.observer/filing/0000107687-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer