Winnebago Industries reported fiscal 2021 financial results showing the RV manufacturer’s backlog grew to a combined $4 billion between towable and motorized products.
Winnebago’s combined backlog rose 8.1% from the end of the fiscal third quarter, when it was $3.7022 billion.
Winnebago reported its towable backlog was a record $1,704.4 million, up 127.9% over the prior year and 12% from the third quarter. The manufacturer cited continued strong consumer demand combined with extremely low dealer inventory as factors in the backlog increase.
On the motorized side, Winnebago reported backlog increased to a record $2.3 billion, an increase of 119.1% over the prior year and 5.7% from the third quarter.
“Winnebago Industries delivered a strong fourth quarter to finish a record fiscal 2021,” President and CEO Michael Happe said. “The new heights we were able to achieve in revenues and profitability demonstrate the unique strength and appeal of our growing platform of leading brands. Our resilient and focused team continues to successfully manage through a growing backlog and supply chain challenges while driving tremendous preferences for our premium outdoor lifestyle products.”
The manufacturer reported fourth-quarter revenues rose 40.4% from the fourth quarter of 2020. Profits increased 98% in the fourth quarter from the same period in 2020.
For the full year, Winnebago reported record revenues of $3.6 billion, up 54% from 2020. Profits reached $281.9 million, an increase of 358.8% from 2020.
Towable revenues accounted for $2 billion in fiscal 2021, up 63.7% from 2020. Winnebago said consumer demand for Grand Design and Winnebago-branded products grew and pricing increased.
Motorized revenues totaled $1.5 billion in 2021, up 45.6% from 2020 as unit sales and pricing increased.
“We look forward to continuing our momentum into fiscal 2022 through a continued focus on quality, service and innovation,” Happe said, “as well as an expanded portfolio of high-quality outdoor lifestyle products that empower our customers to have extraordinary outdoor experiences as they travel, live, work and play.”