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WINNEBAGO INDUSTRIES WINNEBAGO INDUSTRIES DRIVES STRONG FIRST QUARTER FISCAL 2022 RESULTS Record First Quarter Revenues of $ 1.2 Billion Increased 46 % , Including Robust Organic Growth of 38 % Record First Quarter Gross Margin of 19.8 % Increased 250 Basis Points Year - Over - Year -- Record Reported Quarterly Diluted EPS of $ 2.90 and Record Adjusted EPS of $ 3.51 , Up 97 % Over Prior Year -- RV Market Share Gains Continue ; 13.3 % , or + 1.3pp , Trailing Three Months thru October -- - New Marine Reporting Segment Reflects Expanded Portfolio of Premier Brands with the Acquisition of Barletta -- -- News Release EDEN PRAIRIE , MINNESOTA , December 17 , 2021 -- Winnebago Industries , Inc. ( NYSE : WGO ) , a leading outdoor lifestyle product manufacturer , today reported financial results for the Company's Fiscal 2022 first quarter . First Quarter Fiscal 2022 Results Revenues for the Fiscal 2022 first quarter ended November 27 , 2021 , were a record $ 1.2 billion , an increase of 45.7 % compared to $ 793.1 million for the Fiscal 2021 period . Revenues excluding the recently acquired Barletta business were $ 1.1 billion , representing an organic growth rate of 37.5 % over the prior year period driven by continued strong consumer demand and pricing increases related to current and anticipated higher material and component costs . Gross profit was $ 229.4 million , an increase of 67.4 % compared to $ 137.0 million for the Fiscal 2021 period . Gross profit margin increased 250 basis points in the quarter to a record 19.8 % , driven by operating leverage , price increases , productivity initiatives and favorable segment mix , partially offset by higher material and component costs . Operating income , which includes $ 3.4 million of acquisition - related costs and $ 4.6 million of incremental amortization of intangible assets related to the acquisition of Barletta , was $ 146.4 million for the quarter , an increase of 72.2 % compared to $ 85.0 million for the first quarter of last year . Fiscal 2022 first quarter net income , which includes $ 6.4 million of contingent consideration fair value adjustment related to the Barletta acquisition , was $ 99.6 million , an increase of 73.5 % compared to $ 57.4 million in the prior year quarter . Reported earnings per diluted share was $ 2.90 , compared to reported earnings per diluted share of $ 1.70 in the same period last year . Adjusted earnings per diluted share was $ 3.51 , an increase of 97.2 % compared to adjusted earnings per diluted share of $ 1.78 in the same period last year . Consolidated Adjusted EBITDA was $ 167.2 million for the quarter , compared to $ 89.3 million last year , an increase of 87.3 % . President and Chief Executive Officer Michael Happe commented , " Winnebago Industries ' strong first quarter performance builds on our sustained momentum and continues to demonstrate the remarkable growth and profitability our expanded portfolio of premier outdoor lifestyle brands can deliver . Our golden threads of quality , service and innovation continued to differentiate our brands , driving continued market share gains across our portfolio . As of October , 2021 , our RV retail market share is 13.3 % , reflecting an increase of 1.3 share points over the same period last year , on a trailing three month basis per Statistical Surveys , Inc. Our outstanding team and commitment to operational excellence enabled us to deliver for consumers while simultaneously contributing to a record high consolidated gross margin of 19.8 % , even in the face of ongoing supply chain constraints and increased input costs . We will continue to meet these challenges head on and work closely with our dealer partners to replenish their inventories , in a disciplined manner . This quarter also marks the first time we are reporting results for our new Marine segment . The results highlight the strength of Barletta's unique pontoon offering and strong brand affinity , which integrated 1