Winnebago Industries Inc. reported net income of $13.7 million for the fourth quarter of fiscal 2025, compared to a net loss of $29.1 million in the same period of fiscal 2024. Reported net income per diluted share was $0.49, up from a net loss per diluted share of $1.01 in the prior year's quarter. Adjusted EBITDA for the quarter was $121.9 million, representing an adjusted EBITDA margin of 4.4%. Net cash flow from operations was $128.9 million. Operating expenses decreased to $79.1 million from $112.0 million in the fourth quarter of fiscal 2024, while operating income was $20.1 million, compared to an operating loss of $17.8 million in the same quarter last year. Selling, general, and administrative expenses as a percentage of net revenues decreased to 9.5% from 10.5% in the prior year period.