United Group Insurance

Winnebago sees 2nd Q revenues drop by 25%

News

March 23rd, 2023 by Ric Hanson

(Radio Iowa) – Second quarter revenues for Winnebago Industries fell by 25-percent compared to a year ago. The outdoor lifestyle products manufacturer — with Iowa factories in Forest City, Lake Mills, Charles City and Waverly — reports second quarter revenue was just under 867-million dollars, compared to one-point-two billion in the quarter last year. Winnebago president and C-E-O Michael Happe says the benefits of a diversified outdoor portfolio and strong performance in the marine segment helped to offset a continued softening in consumer demand for recreational vehicles.

Revenues for the company’s motor home segment were down a little over three-percent from last year, the towables segment was down 47-percent, while the company’s marine segment was up just over 16-percent due to carryover price increases.