FOREST CITY — Winnebago Industries reported a record profit for the third quarter Wednesday — which the company’s leader says has come through a very tight rein on the inventory due to inflation and supply chain issues.

President and CEO Michael Happe says that will continue. “We have been, we have been managing production, you know, for some time now, on the towable R-V side, even though we showed, you know, very strong, output here in our fiscal third quarter. And that will continue for the rest of calendar 2022.”  

The company has added the Grand Design and Newmar recreational vehicle brands as well as Chris-Craft and Barletta boats to its iconic line of RVs. Happe says the slowdown in orders for the motorized version has been less than for the towable type. He says the continued management of supply may include some production shutdowns. “We have identified, you know, certain days or weeks that we will be taking off or down, you know, through especially the summer months,” Happe says. “And we will continue to evaluate that as we get into the September through December period.”

He says managers of the various divisions are working closely together on the issue. “To make sure that again, we’re managing output to demand there and doing it in a way that we can be a good employer, to the employees that work in both of those businesses,” he says.

Happe says their industry is usually the lead indicator that the economy is going into a recession — then the lead indicator when the recession is ending. He says he doesn’t want to get into predicting if or when that will happen. 

Winnebago was started in Forest City and still has Iowa factory locations there along with Lake Mills, Charles City and Waverly.