Winnebago Q3 EPS Misses by 19% as Revenue Falls 9.9%
WGO•Winnebago reported Q3 adjusted earnings of $0.66 per share, missing estimates by 19% and revenues at $698.7 million failed to meet the $755.7 million forecast, down 9.9% year-over-year. The company cut its full-year outlook following underperformance in towing and marine segments while motorhome sales showed resilience.
1. Q3 Financial Results
Winnebago reported third-quarter adjusted earnings of $0.66 per share, 19% below the $0.81 estimate. Revenue declined 9.9% to $698.7 million, missing the $755.7 million projection and reflecting softer demand.
2. Segment Performance
Motorhome sales showed resilience, partially offsetting a pullback in towable RVs and continued weakness in marine product demand. The disparity in segment performance drove the overall revenue miss.
3. Outlook Revision and Balance Sheet
The company trimmed its full-year revenue and earnings guidance after towing and marine segments underperformed expectations. Winnebago maintains a low debt-to-equity ratio of 0.03 and a current ratio of 2.37, underscoring strong liquidity.
