Winnebago Industries, Inc. reported financial results for the fourth quarter and full year of Fiscal 2026, which ended on August 29, 2026. The company reported a decrease in net revenues for both the quarter and the full year compared to the prior periods.
For the fourth quarter of Fiscal 2026, net revenues were $645.1 million, a decrease of 17.0% from $777.3 million in the prior year. Gross profit was $80.7 million, representing a 12.5% gross margin, down from $99.2 million and a 12.8% margin in the prior year. Net income was $9.7 million, or $0.34 per diluted share. Adjusted earnings per diluted share were $0.49, compared to $0.71 in the prior year. Consolidated Adjusted EBITDA was $32.6 million, representing a 5.1% margin.
For the full year Fiscal 2026, net revenues totaled $2,703.9 million, a decrease of 3.4% from $2,798.2 million in Fiscal 2025. Gross profit was $350.2 million, maintaining a 13.0% gross margin. Net income was $34.5 million, or $1.21 per diluted share. Adjusted earnings per diluted share were $1.79, an increase of 7.2% compared to $1.67 in the prior year. Consolidated Adjusted EBITDA was $125.0 million, representing a 4.6% margin.
The company reported strong cash flow from operations of $142.5 million in the fourth quarter and $168.7 million for the full year. At the end of the quarter, cash and cash equivalents totaled $181.4 million, and total outstanding debt was $443.3 million. The company’s net leverage ratio improved to 2.2x at the end of the fourth quarter, down from 3.0x at the end of the third quarter.
Winnebago issued guidance for Fiscal 2027. The company anticipates consolidated net revenues in the range of $2.65 billion to $2.80 billion. Reported earnings per diluted share are expected to be in the range of $0.90 to $1.50, while adjusted earnings per diluted share are expected to be in the range of $1.65 to $2.25.
