Winnebago Reports Record Profits for 3rd Quarter of 2022

Winnebago Industries reports its best-ever financial quarter. The outdoor lifestyle products manufacturer — with Iowa factory locations in Forest City, Lake Mills, Charles City and Waverly –reports third quarter revenues of $1.5 billion, a 52% increase compared to $960.7 million for the same quarter last year. President and CEO Michael Happe (HAPPY) says the record results can be credited to the transformation of the company’s portfolio to include the Grand Design and Newmar recreational vehicle brands as well as Chris-Craft and Barletta boats.  

Happe says the company is better positioned now to deal with the current economic climate.  

Happe says these are uncertain times as macroeconomic trends weigh on consumers, but he believes the company is ready to weather any storm.  

Fiscal 2022 third quarter net income for the company was $117.2 million, an increase of 64% compared to $71.3 million in the third quarter of 2021.