Winnebago Industries reports record revenue for its just-completed fiscal year. The outdoor lifestyle products manufacturer with Iowa factories in Forest City, Lake Mills, Charles City and Waverly reports revenues of five-billion dollars for Fiscal Year 2022, rising almost 37% from three-point-six billion in Fiscal ’21. C-E-O Michael Happe says that was driven by the recently acquired Barletta boats, pricing actions, and strong consumer demand for the company’s products.
The outdoor lifestyle product market boomed beginning with the start of the pandemic as more people turned to the outdoors, and Happe says the company continues to benefit from that increased demand for the Winnebago, Grand Design and Newmar recreational vehicle brands as well as Chris-Craft and Barletta boats.
Happe says the results for the fourth quarter and the fiscal year overall show the company’s flexibility and ability to deliver in a volatile economic climate.
Winnebago Industries’ net income for the fourth quarter was $82.6 million, and for the year, the company reported a profit of $390.6 million.