Winnebago Industries, Inc.

WGO

US9746371007

Recreational Products

Market Closed - Nyse Other stock markets 04:00:02 2025-12-04 pm EST			5-day change	1st Jan Change
38.04 ^USD	+1.30%		+4.39%	-20.39%

Nov. 25	U.S. Recreational Vehicle Market Drops 1.2 Percent in October - RVIA	FW
Nov. 10	Truist Raises Price Target on Winnebago Industries to $46 From $36, Keeps Buy Rating	MT

Winnebago Industries : WGO Q4 2025 Investor Presentation vFinal

Published on 10/22/2025 at 12:00 pm EDT

Publicnow

Winnebago Industries, Inc.

+1.30%

Fiscal 2025 Fourth Quarter Investor Presentation

October 22, 2025

Elevating Every Moment Outdoors as the Trusted Leader in Outdoor Recreation

Quick Facts

$2.8B

Current Net Revenues1

~5,300

Highly Skilled

Employees

Significant Transformation

F16

Net Revenues1$1.0B

RV Market Share2 3.3%

F25

$2.8B 10.5%

Products

Class A - Gas & Diesel Class B - Gas & Diesel Class C - Gas & Diesel

Travel Trailer

5th Wheel

Specialty Vehicles

Fiberglass Boats

Pontoon Boats

Mobile Power

Locations

Executive Office RV Production Boat Production

Battery Production

1Current net revenues is Fiscal 2025

2RV market share is TTM thru F16 and August 2025 TTM; per Statistical Surveys Inc. Data is based

on the latest publicly available information and is often impacted by delays in reporting by various states.

BELIEF

We believe time together outdoors is priceless

PURPOSE	Elevating every moment outdoors
VISION	To be the trusted leader in premium outdoor recreation
PRINCIPLES
Relentless Excellence Our unyielding pursuit of greatness and unwavering commitment to quality drive everything we do.	Unparalleled Collaboration Our empowered employees and unique team culture create superior value and accelerate growth.	Purposeful Innovation Our consumer-centric design and thoughtful technology delight customers as they travel, live, work, and play.	Exceptional Experience Our care for our customers and the outdoors enables the most seamless, joyful experiences.

VALUES
Do the Right Thing Operate with integrity and trust Live the Code of Conduct Take ownership & be accountable		Put People First Focus on safety - always Be inclusive with respect for all Support our communities & our environment	Be the Best Deliver winning results Focus on our customers and stakeholders Continuously innovate & improve

ENTERPRISE STRATEGIES

EMPOWER

BEST TALENT

We will build an inclusive, collaborative, high performance culture where all employees thrive.

BUILD PREMIUM BRANDS & WINNING PRODUCTS

With best-in-class outdoor solutions, we will grow the most admired portfolio of trusted brands.

ELEVATE TOTAL CUSTOMER EXPERIENCE

We will exceed expectations at every touchpoint in the ownership journey, creating lifetime advocates.

EXPAND DIGITAL CAPABILITIES & CONNECTIONS

DRIVE PORTFOLIO EXCELLENCE & SYNERGY

Integrated innovation, expertise, leverage, and productivity will optimize our family of businesses.

Digital evolution will drive higher customer engagement, internal excellence, and future growth opportunities.

F25 Q4 Key Messages

Strong Q4 performance caps a challenging year

Revenue and profitability growth in Q4 propel FY25 results above expectations, reflecting financial resilience

Newmar Summit Aire

Grand Design Transcend

Strategic growth from key products drives improving top-line

Healthy stable of industry-leading brands

Focused turnaround efforts underway

Targeted improvements in Winnebago-branded RVs and margin recapture initiatives reflect commitment to portfolio optimization

Disciplined inventory management and financial strength

Positive cash flow and reduced leverage positions Winnebago Industries for sustainable growth

Grand Design Lineage Series M

Barletta Aria

F24

F25

F25 Q4 Consolidated Results

Net revenues increased 7.8% vs. F24 Q4, driven by:
- Favorable product mix and targeted price
  increases
- Partially offset by higher discounts and allowances
Gross margin decreased 30 bps vs. F24 Q4, due to:
- Costs associated with the transformation of the Winnebago-branded businesses
- Partially offset by targeted price increases
Operating income increased to $20.1M vs. an operating loss of $17.8M in F24 Q4, which included a goodwill impairment charge
1
Net
Revenues
($-millions)
Gross Margin
Operating Income
($-millions)

Adjusted Diluted
($17.8)

$777.3

$720.9

12.8%

13.1%

$20.1

$0.71
Adjusted diluted earnings per share

F24 Q4 to $0.71

1 Non-GAAP measure; see reconciliations in Appendix

increased vs.

EPS1

$0.28

Towable RV Segment Results

F24 Q4

F25 Q4

Net Revenues ($-millions) Operating Income

$317.0 $306.3

$15.5

$21.4

4.9%

7.0%

$ - millions

OI Margin

Net revenues decreased 3.4% vs. F24 Q4 primarily driven by:

A shift in product mix toward lower price-point models
Lower unit volume
Partially offset by targeted price increases
Operating income increased 38.3% and operating income margin increased 210 bps vs. F24 Q4, primarily driven by:
Targeted price increases
Transformation efforts resulting in operating efficiencies
Partially offset by higher warranty experiences and deleverage

Motorhome RV Segment Results

F24

F25

Net Revenues ($-millions) Operating Income

$308.0

$361.2

$6.9

$(0.3)

2.2%

(0.1)%

$ - millions OI Margin

Net revenues increased 17.3% vs. F24 Q4 primarily driven by:

Higher unit volume and favorable product mix
Partially offset by higher discounts and allowances
Operating income and operating income margin decreased vs. F24 Q4, primarily driven by:
Costs associated with the transformation of the Winnebago motorhome business
Higher discounts and allowances
Partially offset by leverage and lower warranty expense

RV Market Share Highlights

Newmar Dutch Star

1 Selling Class A Diesel for 4 Consecutive Years

Winnebago Solis, Travato and Revel

2, and

3 Class B RVs Since 2021

Winnebago EKKO

1 Selling Class C Diesel

Grand Design Transcend

Top 10 Travel Trailer Brand

Grand Design Momentum

1 Selling 5W Toy Hauler and Travel Trailer Toy Hauler

Source: Statistical Surveys Inc TTM thru August F25; represents unit retail volume market share. Data is based on the latest publicly available information and is often impacted by delays in reporting by various states.

Key Success Drivers for FY 2026

Winnebago Motorhomes

Sunflyer and upcoming new product innovations
Strengthened
dealer partnerships
Improved operational efficiency
Winnebago Towables
New Thrive leads revitalized product lineup
Reinvigorated dealer channel
Grand Design RV
Foundation destination trailer and other new products and features
Sustained momentum in motorized, including expansion of Lineage (e.g., Series VP)
Strong brand loyalty
Newmar
New floorplans and other product refinements
Sharper price points
Competitiveness In lower-price segments
Barletta
Innovative lineup with entry into value segments
Sustain share growth in a highly competitive segment

Operational

Initiatives

Streamlined
manufacturing footprint
Coordinated sourcing

Focus on quality
Efficient working capital management

Attachments

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Disclaimer

Winnebago Industries Inc. published this content on October 22, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 22, 2025 at 15:59 UTC.

Latest news about Winnebago Industries, Inc.

Nov. 25	U.S. Recreational Vehicle Market Drops 1.2 Percent in October - RVIA	FW
Nov. 10	Truist Raises Price Target on Winnebago Industries to $46 From $36, Keeps Buy Rating	MT
Oct. 31	Loop Capital Initiates Winnebago Industries at Hold With $40 Price Target	MT
Oct. 29	Winnebago Industries Insider Sold Shares Worth $294,005, According to a Recent SEC Filing	MT
Oct. 28	U.S. Recreational Vehicle Market Rises 4.4 Percent in September - RVIA	FW
Oct. 23	Winnebago Industries' Rally Limits Near-Term Upside Despite Solid Q4, Guidance, KeyBanc Says	MT
Oct. 23	KeyBanc Downgrades Winnebago Industries to Sector Weight From Overweight, Removes $34 Price Target	MT
Oct. 22	Tranche Update on Winnebago Industries, Inc.'s Equity Buyback Plan announced on August 17, 2022.	CI
Oct. 22	Winnebago Industries, Inc., Q4 2025 Earnings Call, Oct 22, 2025
Oct. 22	Winnebago Industries, Inc. Reports Earnings Results for the Full Year Ended August 30, 2025	CI
Oct. 22	Winnebago Surpasses Expectations - Shares Surge in Pre-Market Trading	FW
Oct. 22	Winnebago Industries, Inc. Provides Earnings Guidance for the Fiscal Year 2026	CI
Oct. 22	Winnebago Industries' Fiscal Q4 Adjusted Earnings, Revenue Rise; Issues Fiscal 2026 Guidance	MT
Oct. 22	Earnings Flash (WGO) Winnebago Industries, Inc. Reports Q4 Revenue $777.3M, vs. FactSet Est of $727.8M	MT
Oct. 22	Earnings Flash (WGO) Winnebago Industries, Inc. Posts Q4 Adjusted EPS $0.71 per Share, vs. FactSet Est of $0.53	MT
Oct. 22	(WGO) Winnebago Industries Expects Fiscal 2026 Net Revenue Range $2.75B to $2.95B, vs. FactSet Est of $2.87B	MT
Oct. 22	(WGO) Winnebago Industries Expects Fiscal 2026 EPS Range $1.25 to $1.95, vs. FactSet Est of $1.62	MT
Oct. 22	RV maker Winnebago Q4 revenue beats estimates	RE
Sep. 25	US Recreational Vehicle Market Down 3.1 Percent in August - RVIA	FW
Sep. 09	Winnebago Industries, Inc. Debuts Several New Models and Innovations Across Its Lineup of Premium RV Brands At the Hershey, Pa	CI
Aug. 25	U.S. Recreational Vehicle Market Drops 6.1 Percent in July - RVIA	FW
Aug. 14	Winnebago Industries Raises Quarterly Dividend to $0.35 a Share From $0.34, Payable Sept. 24 to Holders of Record Sept. 10	MT
Aug. 14	Winnebago Industries, Inc. Approves Quarterly Cash Dividend, Payable on September 24, 2025	CI
Aug. 11	Winnebago Industries Announces Strategic Leadership Changes to Drive Future Growth	CI
Aug. 08	Winnebago Industries, Inc. Announces Resignation of Jacqueline D. Woods Accepted by the Board of Directors ,Effective August 4, 2025	CI

Chart Winnebago Industries, Inc.

Duration

Period

WGO: Dynamic Chart

Company Profile

Winnebago Industries, Inc. manufactures recreation vehicles (RVs) and marine products with a diversified portfolio used primarily in leisure travel and outdoor recreational activities. It also designs and manufacture advanced battery solutions that deliver house power, supporting internal electrical features and appliances for a variety of outdoor products including RVs, boats, specialty and other low-speed vehicles, as well as other industrial applications. Its segments include Grand Design towables, Winnebago towables, Winnebago motorhomes, Newmar motorhomes, Chris-Craft marine, Barletta marine, Winnebago specialty vehicles and Lithionics. It produces its towable RV units in Indiana; its motorhome RV units in Iowa and Indiana; its marine units in Indiana and Florida; and its battery solutions in Florida. The Company distributes its RV and marine products primarily through independent dealers throughout the United Statesand Canada, who then retail the products to the end consumer.

Employees

5,300

Sector

Recreational Products

Calendar

Dec. 18 - Q1 2026 Earnings Release (Projected)

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