Winnebago Industries Q4 Earnings Top Estimates; Warns On Uncertain Market Conditions

Winnebago Industries Inc WGO reported fourth-quarter FY22 sales growth of 14% year-on-year to $1.18 billion, beating the consensus of $1.12 billion.
Towable segment revenue fell 11.8% Y/Y to $494.2 million, driven by a decline in unit volume partially offset by pricing actions.
Motorhome revenue of $555.8 million increased 23.8% Y/Y. Marine segment revenue, excluding recently acquired Barletta, jumped 41.8%.
Gross profit increased 12.4% Y/Y to $210.4 million, and gross profit margin contracted 30 basis points Y/Y to 17.8%.
The operating margin contracted 110 basis points to 10.5%, and operating income for the quarter rose 3% to $123.6 million. Adjusted EBITDA increased by 7.9% to $139.2 million.
Adjusted EPS of $3.02 beat the analyst consensus of $2.73.
Winnebago's cash and equivalents totaled $282.2 million as of August 27, 2022, and it generated $400.6 million in operating cash flow for the fiscal year 2022.
"While we expect uncertain market conditions to persist into our Fiscal 2023, we are confident that our transformed and evolving business platform positions us for continued success into the future," said CEO Michael Happe.
Price Action: WGO shares are trading lower by 1.81% at $59.10 on the last check Wednesday.

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