Recent News
Aug 12, 2026 — Board approved a quarterly cash dividend increase to $0.36 per share, payable Sept. 23, 2026. Aug 13, 2026 — Company announced a strategic manufacturing alignment to optimize footprint and improve efficiency. Aug 20, 2026 — Renewed and extended a $350 million asset-based revolving credit facility. Jul 28–Sep 15, 2026 — Brand activity: model-year launches and marketing campaigns across Barletta, Grand Design and other premium brands, and a branded short-film distribution initiative. Sep 23, 2026 — Company scheduled fourth-quarter and fiscal 2026 results for Oct. 21, 2026.
Technical Analysis
ADX at 23.85 signals an emerging trend; strength indicates the market recently developed directional conviction but not a high-intensity move. DI- sits at 25.15 and is increasing, which signals growing downside pressure on price. DI+ registered a dip-and-reversal at 13.83, which by definition signals a renewed, but limited, bullish push.
MACD equals -1.00 and trends downward while the signal line sits at -0.78; MACD below its signal line confirms bearish momentum and no bullish MACD cross exists to offset that momentum. MRO sits positive at 5.23 and trends lower, indicating the market price lies above the model target and carries modest downside potential as the oscillator cools.
RSI at 44.22 and decreasing shows neutral-to-weak momentum rather than oversold conditions; momentum requires a sustained lift to re-enter bullish territory. Price closed at $26.90, trading below the 20-day ($28.12), 50-day ($30.40) and 200-day ($34.25) averages, reinforcing short-term price weakness relative to longer-term averages.
Bollinger bands place the close just above the lower 1x band ($26.60), implying proximity to short-term support but not a clear reversal signal. SuperTrend upper boundary at $28.92 remains above the market, indicating the current trend framework favors downside pressure until price clears that level. Trading volume at ~405k sits below recent averages, suggesting limited conviction behind recent moves. Overall, technicals and momentum align with a cautious, downside-tilted near-term price bias that complements the firm’s current valuation placement.
Fundamental Analysis
Revenue totaled $698.7M. YoY revenue growth recorded in the dataset shows mixed signals: a composite revenue growth value of 6.28% alongside a reported revenue growth YoY of -74.85%; the company’s reported topline and operating figures warrant close verification on a quarter basis. Gross profit reached $94.9M and gross margin equaled 13.58%, essentially flat YoY (‑0.69% YoY) and up modestly QoQ (+4.31% QoQ).
Operating income (EBIT) stood at $23.0M, producing an EBIT margin of 3.29%. The EBIT margin rose sharply QoQ (+93.2%) but fell YoY (‑16.6%). Versus the industry peer mean EBIT margin of 5.12%, the company’s margin sits below the peer mean but above the peer median when comparing reported values, indicating margin compression relative to the average peer but not an extreme outlier.
Net income reached $14.5M. EPS reported $0.66 against an estimate of $0.77, a negative EPS surprise of -14.3%. Return on equity stands at 1.175%, and return on assets at 0.709%; both improved QoQ but declined YoY. Cash and short-term investments total $57.1M while operating cash flow was $25.6M and free cash flow $18.7M, yielding a free cash flow yield of 2.14% (above the industry peer mean free cash flow yield in the provided comparatives).
Leverage and liquidity: total debt $477.0M, net debt $385.8M, debt/EBITDA ~12.62x, and interest coverage ~4.6x. Current ratio equals 2.37 and quick ratio 0.92, indicating working-capital coverage with conservative current liabilities but tighter liquid-asset coverage when excluding inventory. Asset turnover at 0.3417 sits above the industry peer mean of 0.1947, signaling relatively higher revenue generation per asset dollar.
Valuation context: PE sits at 46.95 with a forward PE near 48.29; enterprise multiple ~34.23 and EV/Revenue ~1.85. The current valuation, as determined by WMDST, stands as over-valued. Key fundamentals—low absolute profitability margins, modest free cash flow yield, and elevated leverage metrics relative to EBITDA—support the WMDST valuation outcome despite solid liquidity ratios and above-mean asset turnover.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-05-31 |
| REPORT DATE: | 2026-06-25 |
| NEXT REPORT DATE: | 2026-09-24 |
| CASH FLOW | Begin Period Cash Flow | $ 47.4 M |
| Operating Cash Flow | $ 25.6 M | |
| Capital Expenditures | $ -6.90 M | |
| Change In Working Capital | $ -7.50 M | |
| Dividends Paid | $ -10.00 M | |
| Cash Flow Delta | $ 9.7 M | |
| End Period Cash Flow | $ 57.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 698.7 M | |
| Forward Revenue | $ 201.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 603.8 M | |
| Depreciation | $ 9.4 M | |
| Depreciation and Amortization | $ 14.8 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 675.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 94.9 M | |
| EBITDA | $ 37.8 M | |
| EBIT | $ 23.0 M | |
| Operating Income | $ 23.0 M | |
| Interest Income | — | |
| Interest Expense | $ 5.0 M | |
| Net Interest Income | $ -5.00 M | |
| Income Before Tax | $ 18.0 M | |
| Tax Provision | $ 3.5 M | |
| Tax Rate | 19.4 % | |
| Net Income | $ 14.5 M | |
| Net Income From Continuing Operations | $ 14.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.77 | |
| EPS Actual | $ 0.66 | |
| EPS Difference | $ -0.11 | |
| EPS Surprise | -14.286 % | |
| Forward EPS | $ 0.59 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.0 B | |
| Intangible Assets | $ 924.9 M | |
| Net Tangible Assets | $ 309.5 M | |
| Total Current Assets | $ 711.3 M | |
| Cash and Short-Term Investments | $ 57.1 M | |
| Cash | $ 57.1 M | |
| Net Receivables | $ 186.1 M | |
| Inventory | $ 435.2 M | |
| Long-Term Investments | $ 17.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 113.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 299.7 M | |
| Net Debt | $ 385.8 M | |
| Total Debt | $ 477.0 M | |
| Total Liabilities | $ 804.1 M | |
| EQUITY | ||
| Total Equity | $ 1.2 B | |
| Retained Earnings | $ 1.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 43.77 | |
| Shares Outstanding | 28.200 M | |
| Revenue Per-Share | $ 24.78 | |
| VALUATION | Market Capitalization | $ 873.9 M |
| Enterprise Value | $ 1.3 B | |
| Enterprise Multiple | 34.228 | |
| Enterprise Multiple QoQ | -42.267 % | |
| Enterprise Multiple YoY | 2.317 % | |
| Enterprise Multiple IPRWA | high: 97.348 WGO: 34.228 mean: 26.525 median: 24.091 low: -41.975 |
|
| EV/R | 1.852 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.651 | |
| Asset To Liability | 2.535 | |
| Debt To Capital | 0.279 | |
| Debt To Assets | 0.234 | |
| Debt To Assets QoQ | 0.386 % | |
| Debt To Assets YoY | -14.091 % | |
| Debt To Assets IPRWA | high: 0.769 WGO: 0.234 mean: 0.143 median: 0.108 low: 0.001 |
|
| Debt To Equity | 0.386 | |
| Debt To Equity QoQ | -0.196 % | |
| Debt To Equity YoY | -19.117 % | |
| Debt To Equity IPRWA | high: 6.485 WGO: 0.386 mean: 0.309 median: 0.185 low: -3.456 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.708 | |
| Price To Book QoQ | -22.103 % | |
| Price To Book YoY | -10.181 % | |
| Price To Book IPRWA | high: 4.592 mean: 1.114 median: 0.952 WGO: 0.708 low: -2.496 |
|
| Price To Earnings (P/E) | 46.955 | |
| Price To Earnings QoQ | -68.151 % | |
| Price To Earnings YoY | 11.116 % | |
| Price To Earnings IPRWA | high: 138.226 WGO: 46.955 mean: 46.425 median: 32.849 low: -39.387 |
|
| PE/G Ratio | 0.325 | |
| Price To Sales (P/S) | 1.251 | |
| Price To Sales QoQ | -26.749 % | |
| Price To Sales YoY | 1.157 % | |
| Price To Sales IPRWA | high: 13.468 mean: 1.936 WGO: 1.251 median: 1.095 low: 0.018 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 48.291 | |
| Forward PE/G | 0.334 | |
| Forward P/S | 3.784 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 16.77 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.342 | |
| Asset Turnover Ratio QoQ | 8.588 % | |
| Asset Turnover Ratio YoY | -4.641 % | |
| Asset Turnover Ratio IPRWA | high: 0.737 WGO: 0.342 mean: 0.195 median: 0.189 low: 0.053 |
|
| Receivables Turnover | 3.416 | |
| Receivables Turnover Ratio QoQ | -3.33 % | |
| Receivables Turnover Ratio YoY | -2.056 % | |
| Receivables Turnover Ratio IPRWA | high: 50.073 mean: 6.584 median: 6.277 WGO: 3.416 low: 0.313 |
|
| Inventory Turnover | 1.433 | |
| Inventory Turnover Ratio QoQ | 3.078 % | |
| Inventory Turnover Ratio YoY | 0.434 % | |
| Inventory Turnover Ratio IPRWA | high: 5.046 mean: 1.69 median: 1.666 WGO: 1.433 low: 0.287 |
|
| Days Sales Outstanding (DSO) | 26.714 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 74.007 | |
| Cash Conversion Cycle Days QoQ | 7.785 % | |
| Cash Conversion Cycle Days YoY | -10.453 % | |
| Cash Conversion Cycle Days IPRWA | high: 354.739 WGO: 74.007 mean: 16.478 median: 2.135 low: -205.62 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.698 | |
| CapEx To Revenue | -0.01 | |
| CapEx To Depreciation | -0.734 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.7 B | |
| Net Invested Capital | $ 1.7 B | |
| Invested Capital | $ 1.7 B | |
| Net Tangible Assets | $ 309.5 M | |
| Net Working Capital | $ 411.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.191 | |
| Current Ratio | 2.373 | |
| Current Ratio QoQ | 3.362 % | |
| Current Ratio YoY | -1.508 % | |
| Current Ratio IPRWA | high: 5.547 WGO: 2.373 median: 1.808 mean: 1.776 low: 0.035 |
|
| Quick Ratio | 0.921 | |
| Quick Ratio QoQ | -6.646 % | |
| Quick Ratio YoY | 3.121 % | |
| Quick Ratio IPRWA | high: 3.325 median: 1.491 mean: 1.409 WGO: 0.921 low: 0.219 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 12.619 | |
| Cost Of Debt | 0.843 % | |
| Interest Coverage Ratio | 4.6 | |
| Interest Coverage Ratio QoQ | 138.215 % | |
| Interest Coverage Ratio YoY | 0.719 % | |
| Interest Coverage Ratio IPRWA | high: 90.145 mean: 18.185 median: 15.274 WGO: 4.6 low: -84.391 |
|
| Operating Cash Flow Ratio | 0.052 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 19.956 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.45 | |
| Dividend Payout Ratio | 0.69 | |
| Dividend Rate | $ 0.35 | |
| Dividend Yield | 0.011 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.634 % | |
| Revenue Growth | 6.282 % | |
| Revenue Growth QoQ | -197.441 % | |
| Revenue Growth YoY | -74.848 % | |
| Revenue Growth IPRWA | high: 78.201 % median: 25.866 % mean: 23.124 % WGO: 6.282 % low: -21.094 % |
|
| Earnings Growth | 144.444 % | |
| Earnings Growth QoQ | -598.995 % | |
| Earnings Growth YoY | -55.735 % | |
| Earnings Growth IPRWA | high: 300.0 % WGO: 144.444 % mean: -16.039 % median: -19.512 % low: -169.388 % |
|
| MARGINS | ||
| Gross Margin | 13.582 % | |
| Gross Margin QoQ | 4.308 % | |
| Gross Margin YoY | -0.687 % | |
| Gross Margin IPRWA | high: 65.477 % mean: 17.049 % median: 16.173 % WGO: 13.582 % low: -5.839 % |
|
| EBIT Margin | 3.292 % | |
| EBIT Margin QoQ | 93.192 % | |
| EBIT Margin YoY | -16.616 % | |
| EBIT Margin IPRWA | high: 31.412 % mean: 5.122 % median: 4.269 % WGO: 3.292 % low: -122.923 % |
|
| Return On Sales (ROS) | 3.292 % | |
| Return On Sales QoQ | 83.398 % | |
| Return On Sales YoY | -16.616 % | |
| Return On Sales IPRWA | high: 31.065 % WGO: 3.292 % mean: 2.188 % median: 1.152 % low: -74.218 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 18.7 M | |
| Free Cash Flow Yield | 2.14 % | |
| Free Cash Flow Yield QoQ | -182.562 % | |
| Free Cash Flow Yield YoY | -156.809 % | |
| Free Cash Flow Yield IPRWA | high: 12.542 % WGO: 2.14 % mean: 0.063 % median: -0.07 % low: -31.143 % |
|
| Free Cash Growth | -164.261 % | |
| Free Cash Growth QoQ | -33.489 % | |
| Free Cash Growth YoY | -280.497 % | |
| Free Cash Growth IPRWA | high: 306.531 % WGO: -164.261 % median: -176.108 % mean: -176.432 % low: -528.764 % |
|
| Free Cash To Net Income | 1.29 | |
| Cash Flow Margin | 2.218 % | |
| Cash Flow To Earnings | 1.069 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.709 % | |
| Return On Assets QoQ | 208.261 % | |
| Return On Assets YoY | -12.899 % | |
| Return On Assets IPRWA | high: 4.52 % mean: 0.749 % WGO: 0.709 % median: 0.537 % low: -18.74 % |
|
| Return On Capital Employed (ROCE) | 1.323 % | |
| Return On Equity (ROE) | 0.012 | |
| Return On Equity QoQ | 202.057 % | |
| Return On Equity YoY | -18.798 % | |
| Return On Equity IPRWA | high: 0.31 mean: 0.017 WGO: 0.012 median: 0.006 low: -0.311 |
|
| DuPont ROE | 1.174 % | |
| Return On Invested Capital (ROIC) | 1.105 % | |
| Return On Invested Capital QoQ | 86.027 % | |
| Return On Invested Capital YoY | -13.941 % | |
| Return On Invested Capital IPRWA | high: 8.649 % mean: 1.399 % WGO: 1.105 % median: 0.871 % low: -16.14 % |
|