Winnebago Q4 revenue falls 17% to $645.1 million

• Winnebago Industries (NYSE:WGO) reported fiscal fourth-quarter 2026 revenue of $645.1 million, down 17% year over year, as lower sales volumes and changes in product mix weighed on performance.
• Quarterly net income decreased to $9.7 million, while full-year net income increased to $34.5 million, despite a 3.4% decline in annual revenue.
• Fourth-quarter operating cash flow reached $142.5 million, net leverage improved to 2.2 times, and management forecast fiscal 2027 revenue of $2.65 billion–$2.80 billion.

Winnebago Industries (NYSE:WGO) reported fiscal fourth-quarter 2026 revenue of $645.1 million, down 17% year over year from $777.3 million, reflecting lower recreational vehicle sales volumes.

Quarterly net income declined to $9.7 million from $13.7 million, while diluted earnings fell to $0.34 per share from $0.49.

Adjusted diluted earnings decreased to $0.49 from $0.71, while gross margin narrowed to 12.5% from 12.8% amid lower production volumes.

Full-year revenue declined 3.4% to $2.70 billion, although net income increased to $34.5 million from $25.7 million, supported by operating improvements.

The Motorhome RV segment returned to positive operating income, while profitability in the Towable RV and Marine businesses weakened during the fiscal year.

Fourth-quarter operating cash flow reached $142.5 million, helping reduce net leverage to 2.2 times from 3.0 times in the preceding quarter.

Winnebago forecast fiscal 2027 revenue of $2.65 billion–$2.80 billion and adjusted diluted earnings of $1.65–$2.25 per share, while increasing its quarterly dividend to $0.36.