Welcome to our dedicated page for Winnebago Industries news (Ticker: WGO), a resource for investors and traders seeking the latest updates and insights on Winnebago Industries stock.
Winnebago Industries, Inc. (NYSE: WGO) is a leading manufacturer of recreational vehicles (RVs) and outdoor lifestyle products in the United States. Founded in 1958 and headquartered in Eden Prairie, Minnesota, Winnebago has built a reputation for quality and innovation in the RV industry. The company’s product portfolio includes Class A, B, and C motorhomes, towable travel trailers, fifth-wheel products, transit buses, and specialty vehicles. In recent years, Winnebago has expanded into the marine market with acquisitions such as Chris-Craft in 2018 and Barletta pontoon boats in 2021.
Winnebago Industries is committed to sustainable innovation, recently venturing into electric and autonomous RV technologies. The company has consistently received industry accolades, including the Quality Circle Award from the Recreation Vehicle Dealers Association every year since its inception in 1996.
In fiscal 2023, Winnebago reported approximately $3.5 billion in revenue, with towables making up 79% of total RV unit volume. The company produced a total of 39,447 RV units during this period. Key acquisitions have bolstered its market presence, such as the acquisition of SunnyBrook in 2011 and Grand Design in 2016, which significantly increased the company’s towables segment.
Winnebago’s latest innovations include the new View/Navion featuring the Winnebago Connect digital platform, the EKKO Sprinter, and the Revel with the new Winnebago Power system. These products are designed to offer enhanced off-grid capabilities and modern amenities, meeting the diverse needs of today’s RV enthusiasts.
In addition to RVs, Winnebago is a key player in the specialty vehicle market, providing electric vehicle solutions for mobile medical clinics, blood donation vehicles, and mobile command centers. The company has partnered with industry leaders like Xos, Inc. to bring zero-emission vehicles to market, reinforcing its commitment to sustainability.
For investors, Winnebago Industries offers a well-rounded portfolio and a track record of consistent performance. The company’s common stock is listed on the New York Stock Exchange under the symbol WGO, and options for the stock are traded on the Chicago Board Options Exchange. For more information or to receive company news releases, visit Winnebago Industries Investor Relations.
Winnebago Industries (NYSE: WGO) is showcasing its marine brands at the Fort Lauderdale International Boat Show from October 30 to November 3. Chris-Craft is presenting its new Sportster series and Launch 35 GT wake/surf edition, while Barletta Pontoon Boats features its Coastal Edition premium pontoons, including the industry's first center-mounted twin-engine pontoon boat. The Sportster series includes 25ft and 28ft models, with outboard versions coming in early 2025. Barletta, recognized as one of the fastest-growing pontoon boat brands, is also showcasing its luxury Leggera line with a redesigned helm station featuring Simrad displays and Harmon Kardon audio.
Winnebago Industries (WGO) reported challenging fourth quarter and full year fiscal 2024 results, with Q4 revenues declining 6.5% to $720.9 million and full-year revenues dropping 14.8% to $3.0 billion. The company reported a Q4 net loss of $29.1 million, including a goodwill impairment charge. Despite market headwinds, WGO generated $143.9 million in operating cash flow and returned $106.8 million to shareholders through dividends and buybacks. The company implemented leadership changes in its Winnebago branded businesses and issued FY2025 guidance projecting revenues between $2.9-$3.2 billion.
Winnebago Industries (NYSE: WGO) has announced the promotion of Don Clark to Group President, Towable RVs, effective November 1. In this expanded role, Clark will lead both the Winnebago brand's towable RV division and the Grand Design RV brand. This move aims to leverage the company's towables expertise in Northern Indiana.
While Grand Design and Winnebago's towables division will remain separate business units, they will collaborate to enhance product quality and innovation. Chris West, recently appointed as president of Winnebago Motorhome and Specialty Vehicles, will work with Clark to ensure consistent brand communication and market presence.
This restructuring is part of Winnebago Industries' strategy to strengthen its position as a trusted leader in premium outdoor recreation, focusing on maximizing the potential of the iconic Winnebago brand in the market.
Winnebago Industries (NYSE: WGO), a leading outdoor recreation product manufacturer, has announced that it will release its fourth quarter and fiscal 2024 financial results before the market opens on Wednesday, October 23, 2024. The company will also host a conference call to discuss the financial results at 9 a.m. CT on the same day.
Interested parties can listen to the conference call live via the company's website at www.winnebagoind.com/investors. The event will be archived and available for replay for up to one year. Winnebago Industries manufactures outdoor recreation products under brands including Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta, which are primarily used in leisure travel and outdoor recreation activities.
Winnebago Industries (NYSE: WGO) is showcasing its 2025 lineup of RVs from its premium brands - Winnebago, Grand Design RV, and Newmar - at the Hershey RV Show from Sept. 11-15, 2024. The company is featuring nearly 150 new models across its three brands, demonstrating the latest in technology, design, and comfort.
Highlights include:
- Winnebago's debut of the Revel Sport camper van and the reimagined View / Navion Class C RVs
- Grand Design RV's entry into the motorized market with the Lineage Series M Class C motorhome
- Newmar's introduction of the Northern Star, an affordable diesel pusher
The showcase emphasizes Winnebago Industries' commitment to innovation, quality, and meeting diverse consumer needs in the outdoor recreation market.
Winnebago Industries (NYSE:WGO) has announced a 10% increase in its quarterly cash dividend to $0.34 per share, payable on September 25, 2024. This marks the 41st consecutive quarter of dividend payments and the 6th consecutive year of dividend increases. The company's CEO, Michael Happe, stated that this increase demonstrates the Board's confidence in Winnebago's future and commitment to shareholder value. Winnebago, a leading outdoor lifestyle product manufacturer, produces motorhomes, travel trailers, powerboats, and pontoons under various brands. The company's strong balance sheet and cash flows enable it to invest in growth while maintaining a balanced capital allocation approach.
Winnebago Industries (NYSE: WGO) has announced key changes to its executive leadership team. Chris West, currently Senior VP of Enterprise Operations and Barletta Boats, will become President of Winnebago Outdoors businesses on September 1, 2024, replacing Huw Bower who is stepping down. West, with the company since 2016, has extensive experience in manufacturing, supply chain, and quality management across Winnebago's portfolio.
Additionally, Jeff Haradine, Barletta Boats President, will join the executive leadership team, reporting directly to CEO Michael Happe. These changes aim to strengthen Winnebago's position in the premium outdoor recreation market and drive its next growth phase. The company manufactures various outdoor lifestyle products under brands including Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta.
Winnebago (NYSE: WGO) has launched Winnebago Connect™, an industry-first smart technology platform for RVs. This innovative system proactively monitors and controls all on-board RV systems through a single platform, offering features like programmable lighting, climate control, and smart energy optimization. The technology works proactively, adjusting systems based on pre-set parameters and user preferences.
Winnebago Connect will debut in the new Winnebago View® and Navion® 24T floorplans before expanding to the entire lineup. The platform offers free and paid subscription options, including essentials, premium, and premium + WiFi. This development marks Winnebago's first custom software effort, aiming to transform how customers interact with their motorhomes and set a new standard for the RV industry.
Winnebago Industries (NYSE: WGO) has been recognized by USA TODAY as one of America's Climate Leaders 2024, ranking 32nd out of 450 companies selected. The outdoor recreation product manufacturer achieved a 38.6% reduction in absolute Scope 1 and 2 GHG emissions from its 2020 baseline, leading the Automotive & Components sector.
Winnebago Industries aims to achieve ambitious sustainability goals by 2030, including 90% diversion of waste from landfills, 50% reduction in absolute GHG emissions, and 30% reduction in freshwater use. The company's portfolio includes premium brands such as Grand Design RV, Newmar, Winnebago, Barletta Boats, and Chris-Craft.
Grand Design RV, a subsidiary of Winnebago Industries (NYSE: WGO), has announced enhancements to its warranty program. Effective immediately, the new policy allows the transfer of 3 and 5-year warranties to subsequent owners, a first in the RV industry. This builds on their existing 1-year transferable warranty and applies to models from 2020 onwards. The announcement follows a recent introduction of a 5-year frame warranty, applicable to both new and pre-owned products. These measures underscore Grand Design RV’s dedication to quality and customer satisfaction, setting new standards in RV warranty policies.
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