Winnebago Industries, the parent of Barletta and Chris-Craft, reported a decline in its marine segment for the second quarter of fiscal 2026, ended Feb. 28, with revenue and operating income both falling amid softer unit volume and product mix.
“Our team delivered a solid quarter and executed with diligence in a challenging market,” president and CEO Michael Happe said in the earnings release. Happe identified broader macroeconomic and seasonal factors affecting demand across segments.
Marine net revenue totaled $79.2 million for the quarter, down 3% from $81.7 million in the prior-year period. The decrease was attributed primarily to lower unit volume and product mix, partially offset by selective price adjustments.
Operating income in the segment dropped 46.2% to $2.9 million, compared with $5.4 million a year earlier. Operating margin fell 300 basis points to 3.7%, as higher warranty expense and volume deleverage impacted profitability during the quarter.
On a fiscal year-to-date basis, marine revenue was essentially flat at $171.7 million, compared with $172.2 million in the prior-year period. Operating income for the first six months declined 21.9% to $9 million, reflecting continued margin pressure despite relatively stable top-line performance.
