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The RV sector is booming almost everywhere around the world and even more so in the United States. You can tell that demand is increasing just by looking at the plethora of new products in this segment, from cheap cars for two to very luxurious and expensive motor homes. One of the biggest RV companies, Winnebago, recently celebrated its 500,000th recreational vehicle and it looks like its 600,000th is coming sooner than expected.
The Minnesota-based company published its second fiscal 2022 quarter earnings report earlier this week and noted its revenue grew by $1.2 billion, or 29 percent during that period. If that number isn’t impressive enough, the RV manufacturer says it has $4.37 billion in stock. This backlog includes all orders received from dealers that have generally been requested to ship within the next six months. However, orders in the backlog can generally be canceled or delayed.
Motorhome model families are the largest contributor to this number with $2.21 billion worth of motor homes waiting to be shipped. The company’s towable models accounted for another $1.87 billion, while its marine products made another $278,000. Winnebago expects the towable RV backlog to recover relatively quickly, but the same cannot be said for motorized RVs and more specific vessels, where supply chain disruptions still have a major negative effect.
The good news for the company is that revenue rose overall for the second fiscal quarter compared to the same period last year. Shipments also increased with nearly every segment in which Winnebago operates posting positive changes compared to the same period last year. For example, 1,786 more towable RVs were delivered to customers and 54 more motorhomes of all classes combined with Class B motorhomes experiencing a growth of 15.6 percent.
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