I N D U S T R I E S Fiscal 2024 Results Fourth Quarter Earnings Presentation October 23, 2024 Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not limited to general eco ...

Financial Data and Key Metrics Changes - The retail demand continued to show sluggish performance in Q4, with operating expenses increasing primarily due to a $30.3 million impairment charge related to the Chris-Craft reporting unit [17][18] - Adjusted EBITDA margin decreased from the prior year period, excluding the impact of the Chris-Craft impairment [18] - Free cash flow generated in Q4 was $30 million, with $19 million returned to shareholders through share repurchases and dividends [10][18] Business Line Data and Key Metrics Changes - Revenues for the Towable RV segment were down from last year's fourth quarter, reflecting a reduction in average selling price per unit, partially offset by an increase in unit volume [21] - The Motorhome RV segment also saw a decline in revenues due to product mix and a decrease in unit volume, although price increases related to higher motorized chassis costs partially offset this [22] - In the Marine segment, revenue was down primarily due to product mix and a decline in unit volume, with elevated discounts and allowances affecting net revenue [24] Market Data and Key Metrics Changes - The RV industry association estimates calendar 2024 wholesale shipments at about 324,000 units, with a projected range of 320,000 to 350,000 units for calendar year 2025 [10][26] - Wholesale total RV industry shipments were up 10% year-over-year for August and up 14.5% year-to-date through the first eight months of calendar '24 [11] - The company's total market share was 11.1%, down 50 basis points from the same period in '23, with positive share gains noted for Winnebago brand Class C Motorhome and Newmar's full motorized product lines [12] Company Strategy and Development Direction - The company anticipates gradual market improvement over the next 12 to 15 months, expecting more material changes as they move into the second quarter of calendar 2025 [7] - Leadership changes have been made in the Winnebago Motorhome and Towables segments to address operational and financial challenges [7][14] - The introduction of the Lineage Series M by Grand Design is expected to gain momentum as production ramps up in the first half of fiscal 2025 [9] Management's Comments on Operating Environment and Future Outlook - Management noted that while the retail environment remains challenging, they expect gradual improvement in market conditions [7] - The company remains committed to its marine business, despite the impairment taken on Chris-Craft, and believes in the long-term potential of both Barletta and Chris-Craft brands [62] - Management expressed confidence in the company's strong positioning and long-term growth potential, emphasizing the importance of product innovation and a robust technology engine [29] Other Important Information - The company provided annual financial guidance for the first time, forecasting modest improvement on the top line and adjusted EPS growth of 10% compared to the prior year [8] - The company will no longer provide segment backlog information starting with the first quarter of fiscal 2025, as it may not accurately measure future sales [20] Q&A Session Summary Question: Why did the company decide to provide guidance now? - The decision was made to help investors understand future business expectations and contribute to the broader narrative around the company's future [31] Question: What scenarios would lead to the high-end and low-end of the EPS range? - The EPS range is largely driven by market conditions and assumptions about market share and margin [33][34] Question: What is the current retail environment? - Retail conditions remain challenging, with no significant change observed since the end of the fiscal year [38] Question: What are the expectations for motorhome EBITDA margins? - Long-term expectations remain bullish, with a goal to return to double-digit EBITDA margins [40] Question: Is the company committed to the marine business? - The company is committed to the marine business and believes in the long-term potential of both Barletta and Chris-Craft brands [62]

For the quarter ended August 2024, Winnebago Industries (WGO) reported revenue of $720.9 million, down 6.5% over the same period last year. EPS came in at $0.28, compared to $1.59 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $726.04 million, representing a surprise of -0.71%. The company delivered an EPS surprise of -69.23%, with the consensus EPS estimate being $0.91.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Company Performance - Winnebago Industries reported quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.91 per share, and down from $1.59 per share a year ago, representing an earnings surprise of -69.23% [1] - The company posted revenues of $720.9 million for the quarter ended August 2024, missing the Zacks Consensus Estimate by 0.71%, and down from $771 million year-over-year [1] - Over the last four quarters, Winnebago has surpassed consensus EPS estimates only once and topped consensus revenue estimates two times [1] Stock Performance - Winnebago shares have declined approximately 20.4% since the beginning of the year, contrasting with the S&P 500's gain of 22.7% [2] - The current Zacks Rank for Winnebago is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $756.05 million, and for the current fiscal year, it is $5.34 on revenues of $3.21 billion [4] - The trend of estimate revisions for Winnebago is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Building Products - Mobile Homes and RV Builders industry is currently in the bottom 12% of over 250 Zacks industries, which may negatively impact stock performance [5] - Another company in the same industry, Champion Homes, is expected to report quarterly earnings of $0.61 per share, reflecting a year-over-year decline of -25.6%, with revenues projected at $571.85 million, up 23.2% from the previous year [5]

Exhibit 99.1 News Release WINNEBAGO INDUSTRIES REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 RESULTS -- Full Year Operating Cash Flow of $143.9 Million Supports Company's Strategic Growth Investments -- -- $106.8 Million Returned to Shareholders via Repurchases and Dividends in FY 2024, Despite Challenging Market Environment -- -- Leadership Changes at Winnebago Branded Businesses Aimed at Strengthening Market Position -- -- Company Issues Fiscal 2025 Financial Guidance -- EDEN PRAIRIE, MINNESOTA, Octobe ...

Core Insights - Winnebago Industries reported a net loss of $29.1 million in Q4 FY 2024, compared to a net income of $43.8 million in the same quarter last year, reflecting challenges in the retail demand environment and operational inefficiencies [2][7][21] - The company generated $143.9 million in operating cash flow for the full year FY 2024, supporting strategic growth investments and returning $106.8 million to shareholders through repurchases and dividends [1][22] - Leadership changes have been implemented to strengthen the Winnebago branded businesses, aiming to enhance market position and address underperformance [4][24] Financial Performance - Q4 FY 2024 revenues were $720.9 million, a decrease of 6.5% from $771.0 million in Q4 FY 2023, primarily due to product mix and operational challenges [5][7] - Full year FY 2024 revenues totaled $2.9735 billion, down 14.8% from $3.4907 billion in FY 2023, driven by lower unit sales and product mix [9][21] - Gross profit for Q4 FY 2024 was $94.2 million, representing a gross margin of 13.1%, down from 16.5% in the same quarter last year [5][29] Operational Challenges - The RV industry is facing headwinds such as uncertain retail conditions, higher inventory carrying costs, and elevated inventories in the motorhome segment, leading to dealer hesitancy [2][4] - Operating expenses increased by 60.4% in Q4 FY 2024 to $112.0 million, primarily due to a goodwill impairment charge and strategic investments [6][8] - The company reported an operating loss of $17.8 million in Q4 FY 2024, compared to an operating income of $57.5 million in the same quarter last year [6][29] Strategic Initiatives - Winnebago is focusing on product innovation, with recent launches aimed at balancing cutting-edge features with affordability [3][24] - The company anticipates total North American RV wholesale shipments in FY 2025 to be between 320,000 to 350,000 units, with projected revenues of $2.9 billion to $3.2 billion [23][24] - Leadership changes include the appointment of Chris West as President of the Winnebago branded Motorhome and Specialty Vehicles business, and Don Clark as Group President overseeing Winnebago Towables [4][24] Cash Flow and Shareholder Returns - The company returned $106.8 million to shareholders in FY 2024 through dividends and share repurchases, with a quarterly cash dividend increase of 10% approved [1][22] - As of August 31, 2024, cash and cash equivalents were $330.9 million, with total outstanding debt of $696.2 million, indicating strong financial flexibility [21][30]

NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Winnebago Industries, Inc. (NYSE: WGO) resulting from allegations that Winnebago may have issued materially misleading business information to the investing public. So What: If you purchased Winnebago securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arran ...

EDEN PRAIRIE, Minn., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO) today announced that Don Clark, president of Grand Design RV, has been promoted to Group President, Towable RVs, and will now lead the Winnebago brand's towable RV division in addition to the Grand Design RV brand, leveraging the company's significant overall towables expertise and skills in Northern Indiana, effective November 1. "Don is a hall-of-famer with an unmatched track record of success and understanding o ...

EDEN PRAIRIE, Minn., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor recreation product manufacturer, plans to issue its earnings release for its fourth quarter and fiscal 2024 before the market opens on Wednesday, October 23, 2024. The Company will also host a conference call to discuss the financial results for the quarter on October 23, at 9 a.m. CT. All interested parties are invited to listen live via the Company's website, www.winnebagoind.com/investors. The ...

NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Winnebago Industries, Inc. ("Winnebago" or the "Company") (NYSE:WGO) on behalf of Winnebago stockholders. Our investigation concerns whether Winnebago has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On September 23, 2024, Hunterbrook Media published an art ...