Winnebago Reports 3Q Results

Winnebago Industries said its marine business delivered 1,655 boats in its fiscal third quarter, ending the period with a backlog of 2,491 units.

Revenue in the marine segment was $126.5 million in the quarter ended May 28, the parent of Chris-Craft and Barletta said in its earnings report yesterday.

Earnings before interest, taxes, depreciation and amortization was $19.8 million in the marine division. That was an increase of $18.2 million compared with the third quarter of 2021, when the company had not yet acquired the Barletta brand and had delivered only 83 units.

Adjusted EBITDA margin was 15.7 percent in the recent quarter, increasing from 9.5 percent in the prior-year quarter.

“Backlog for the marine segment was $245.4 million and remains at elevated levels as low dealer inventories persist,” the company said in the report.

Pontoon builder Barletta “continues to outperform” and is adding to overall company earnings, Winnebago stated.