Winnebago Posts Fourth Quarter Loss
October 23, 2024
The Chris-Craft and Barletta parent reported a $17.8 million operating loss and a 16.6% decline in marine-segment revenues.
The Chris-Craft and Barletta parent reported a $17.8 million operating loss and a 16.6% decline in marine-segment revenues.
Chris West joined the company in 2016 as senior vice president of enterprise operations, and spearheaded the integration of Barletta.
Net revenues for the marine division were $87.9 million during the quarter, a decrease of 31.8%.
The RV and boat manufacturer had a net loss of $12.7 million and net revenues in the marine sector were down 38.2%.
The Chris-Craft and Barletta parent reported a revenue decline of 19.9% compared with the first quarter of 2023.
Revenues in the marine segment (Chris-Craft and Barletta) were down 21% at $96.4 million but up 10.5% for the year.
Staci Kroon is president and CEO of BraunAbility and will serve on Winnebago’s human resources and finance committees.
The company reported revenues of $129 million for its Chris-Craft and Barletta Pontoon Boats subsidiaries, up 1.9% from the year-ago quarter.
The purchase of Lithionics Battery provides the company an opportunity to vertically integrate electrification solutions into its marine and RV products.
The marine segment benefitted from last year’s Barletta acquision, posting revenues of $122.1 million for the quarter
The Chris-Craft and Barletta parent reported a $17.8 million operating loss and a 16.6% decline in marine-segment revenues.
Chris West joined the company in 2016 as senior vice president of enterprise operations, and spearheaded the integration of Barletta.
Net revenues for the marine division were $87.9 million during the quarter, a decrease of 31.8%.
The RV and boat manufacturer had a net loss of $12.7 million and net revenues in the marine sector were down 38.2%.
The Chris-Craft and Barletta parent reported a revenue decline of 19.9% compared with the first quarter of 2023.
Revenues in the marine segment (Chris-Craft and Barletta) were down 21% at $96.4 million but up 10.5% for the year.
Staci Kroon is president and CEO of BraunAbility and will serve on Winnebago’s human resources and finance committees.
The company reported revenues of $129 million for its Chris-Craft and Barletta Pontoon Boats subsidiaries, up 1.9% from the year-ago quarter.
The purchase of Lithionics Battery provides the company an opportunity to vertically integrate electrification solutions into its marine and RV products.
The marine segment benefitted from last year’s Barletta acquision, posting revenues of $122.1 million for the quarter
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