Winnebago Reports FY2025 Q3 Results
Winnebago Industries, parent to Chris-Craft and Barletta Boats, has released the results of its 2025 fiscal third quarter, ended May 31.
The company reported net revenues of $775 million for the quarter with gross profit of $106 million, representing a 13.7% gross margin. Net income was $17.6 million, and
Photo credit: Chris-Craft EBITDA was $46.5 million, which represents a 6% adjusted margin.
The marine segment posted a 14.6% increase in net revenues to $100.7 million, driven primarily by unit volume and targeted price increases that were offset by product mix and higher warranty expenses. Adjusted EBITDA increased 37.6% to $11.6 million, which represents an 11.6% adjusted margin.
“Our fiscal third-quarter results reflect both the diverse dynamics of our business segments and the challenges posed by an uncertain economic environment,” Winnebago president and CEO Michael Happe said in a statement. “While retail demand across the outdoor recreation sector remains soft, our dealer partners are navigating the market with prudence and agility.”
The company provided guidance for the remainder of the fiscal year that includes net revenues in the range of $2.7 billion to $2.8 billion.
Beneteau reports 16% sales decline for H1 2025
Groupe Beneteau has reported first-half 2025 revenues of €403.8m, a decline of 27.5 per cent compared with €556.6m in the first half of 2024.
The second quarter saw a sales contraction of 16 per cent at constant exchange rates, following a 43 per cent decline in the first quarter.
Inventory levels within the distribution networks stabilised during the second quarter after five consecutive quarters of contraction. In Q2 2024 alone, stocks decreased by €60m. The decline in H1
2025 revenue is linked to a slowdown in end-client demand, a deferral of approximately €20m in billings due to an ERP system change, and a reduction of around €40m in network stock levels, particularly in the motor segments.
First-half sales for the motor business came to €219m, down 20 per cent. The decrease reflects weaker sales in the day boating segments for European brands, and reduced activity among premium clients in the motor yachting segments in the second quarter. However, this was partly offset by a 47 per cent increase in sales for American brands and continued strong performance from Prestige’s M-Line power catamaran range.
Sales in the sailing business fell 36 per cent. This includes a 55 per cent reduction in fleet deliveries to charter professionals and a 46 per cent drop in monohull sailing segments. Multihull sailing models declined 23 per cent in the second quarter compared with a strong Q2 2024.
By region, first-half sales in Europe totalled €252.7m, down 26.9 per cent. In North and Central America, revenues fell 23 per cent to €89.3m. Sales in other regions declined 9.6 per cent to €38m. Deliveries to fleets contracted 55 per cent.
The group intends to unveil 20 models at autumn shows for the 2025–2026 season. It anticipates that sales growth will resume in the second half of 2025. Groupe Beneteau is scheduled to publish its half-year earnings on 24 September 2025.
22 | ISSUE 113 | SEP 2025 | THE REPORT
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