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WINNEBAGO INDUSTRIES News Release Contact : Steve Stuber - Investor Relations - 952-828-8461 - srstuber@wgo.net Media Contact : Sam Jefson - Public Relations Specialist - 641-585-6803 - sjefson@wgo.net WINNEBAGO INDUSTRIES ANNOUNCES STRONG SECOND QUARTER FISCAL 2021 RESULTS -- Record Quarterly Revenues of $ 839.9 million Up 34.0 % Year - Over - Year , Driven by Robust End Consumer Demand - Organic RV Market Share Gains Continue , Rising to 11.5 % ( +90 Basis Points ) on a Trailing Twelve Month Basis -- -- Second Quarter Gross Margin Expansion of 590 Basis Points to 18.6 % -- -- Record Reported Diluted EPS of $ 2.04 Up 300.0 % ; Record Adjusted EPS of $ 2.12 Up 216.4 % Over Prior Year -- -- Interest in the Outdoors Remains High as Evidenced by Elevated Order Backlogs and Retail Sales Growth -- EDEN PRAIRIE , MINNESOTA , March 24 , 2021 - Winnebago Industries , Inc. ( NYSE : WGO ) , a leading outdoor lifestyle product manufacturer , today reported financial results for the Company's second quarter of Fiscal 2021 . Second Quarter Fiscal 2021 Results Revenues for the Fiscal 2021 second quarter ended February 27 , 2021 , were $ 839.9 million , an increase of 34.0 % compared to $ 626.8 million for the Fiscal 2020 period . Gross profit was $ 156.6 million , an increase of 96.3 % compared to $ 79.8 million for the Fiscal 2020 period . Gross profit margin increased 590 basis points in the quarter , driven by pricing , including lower discounts and allowances , operating leverage , motorhome segment productivity initiatives and favorable segment mix . Operating income was $ 100.0 million for the quarter , an increase of 237.3 % compared to $ 29.6 million for the second quarter last year . Fiscal 2021 second quarter net income was $ 69.1 million , an increase of 300.0 % compared to $ 17.3 million in the prior year quarter . Reported earnings per diluted share were $ 2.04 compared to reported earnings per diluted share of $ 0.51 in the same period last year . Consolidated adjusted earnings per diluted share increased 216.4 % to $ 2.12 for the second quarter compared to adjusted earnings per diluted share of $ 0.67 in the same period last year . Consolidated Adjusted EBITDA was $ 108.0 million for the quarter , compared to $ 45.4 million last year , an increase of 137.7 % . President and Chief Executive Officer Michael Happe commented , " We are pleased with the outstanding market and financial results from our second quarter of fiscal 2021 , as they reflect the sustained strength of our leading brand portfolio and our world- class team's commitment to safely deliver high - quality products to our valued dealer network . Winnebago Industries ' golden threads of quality , innovation , and service consistently resonate with end consumers who continue to flock to the great outdoors in search of extraordinary experiences with family and friends and aspire to choose a premium OEM partner . We are seeing strong retail momentum heading into the prime spring season . I am especially excited and extremely grateful for our team's ability to deliver strong profitability in the midst of a very dynamic environment - this is a testament to their resiliency , the appeal of our innovative product lines , and sustained continuous improvement efforts operationally . Looking forward , our relentless focus on building a premier outdoor lifestyle company to maximize value for our employees , consumers , dealers , and shareholders remains steadfast . " 1