earnings
confidence high
sentiment negative
materiality 0.75
Winnebago Q3 FY2024 revenue down 12.7% to $786M; adjusted EPS $1.13 vs $2.13
WINNEBAGO INDUSTRIES INC
2024-Q3 EPS reported
$1.40
revenue$2,252,600,000
- Diluted EPS of $0.96; adjusted EPS of $1.13, down 46.9% YoY.
- Towable RV revenue up 0.6% to $386.3M; Motorhome RV down 20.1% to $299.0M; Marine down 31.8% to $87.9M.
- Adjusted EBITDA fell 39.8% to $58.0M; margin declined 180 bps to 15.0%.
- Quarterly dividend maintained at $0.31 per share; $20M in share repurchases in Q3.
- Backlog fell across all segments: Towable -35.1%, Motorhome -55.7%, Marine -57.6%.