Winnebago Industries Reports Fourth Quarter and Full Year Fiscal 2026 Results
Winnebago reported Q4 FY2026 net revenues of $645.1 million, down 17% year-over-year, with adjusted diluted EPS of $0.49 versus $0.71 a year ago on lower unit volumes and unfavorable mix. Full-year FY2026 revenue slipped 3.4% to $2.7 billion, but adjusted EPS rose 7.2% to $1.79 and operating income grew 15.7%, helped by cost cuts and the Motorhome transformation swinging the segment to profitability. The balance sheet strengthened materially: Q4 operating cash flow hit $142.5 million, net leverage fell to 2.2x from 3.0x, and a $350 million revolver was renewed through 2031 alongside a 3% dividend increase.
Key figures
- Eps
- 0.34
- Revenue
- 645100000
- Guidance
- FY2027: consolidated net revenues $2.65-$2.80 billion; reported diluted EPS $0.90-$1.50; adjusted diluted EPS $1.65-$2.25; CY2026 NA RV wholesale shipments 275,000-295,000 units; CY2027 265,000-295,000 units
- Revenue Yoy
- -17.0%
- Total debt
- 443300000
- Gross margin
- 13.0%
- Gross profit
- 350200000
- Net leverage
- 2.2x
- Fy2026 revenue
- 2703900000
- Adjusted ebitda
- 125000000
- Q4 adjusted eps
- 0.49
- Operating income
- 66200000
- Q4 fy2026 revenue
- 645100000
- Fy2026 revenue yoy
- -3.4%
- Fy2026 adjusted eps
- 1.79
- Q4 adjusted eps yoy
- -31.0%
- Cash and equivalents
- 181400000
- Q4 operating cash flow
- 142500000
- Fy2026 adjusted eps yoy
- +7.2%
- Fy2026 operating cash flow
- 168700000
AI analysis
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