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 set to unveil an all-electric concept motorhome at the Florida RV Super Show in Tampa on January 18, 2022. This initiative, developed by the Advanced Technology Group (ATG), marks a significant milestone in over two years of development, showcasing the company's commitment to innovation and sustainability. The motorhome emphasizes product electrification, connectivity, and enhanced customer interface experiences. Attendees can view the motorhome at display area 760 North Midway and participate in a virtual reveal event.
Winnebago Industries reported a record first quarter revenue of $1.2 billion, up 46%, driven by strong consumer demand and pricing increases. Gross margin reached 19.8%, a 250 basis point year-over-year increase. Diluted EPS rose to $2.90, with adjusted EPS at $3.51, marking a 97% increase. The company gained 1.3 percentage points in RV market share, now at 13.3%. The new Marine segment resulted from Barletta's acquisition, contributing to overall growth.
Winnebago Industries (WGO) has declared a quarterly cash dividend of $0.18 per share, payable on January 26, 2022. The record date for this dividend is January 12, 2022. This marks the 30th consecutive quarter that Winnebago has paid a cash dividend to its common stockholders. Winnebago is a prominent manufacturer of outdoor lifestyle products and operates multiple facilities across the U.S.
Winnebago Industries has published its 2021 Corporate Responsibility Report, reinforcing its commitment to net-zero greenhouse gas emissions by 2050. Key highlights include becoming a signatory to the United Nations Global Compact and setting goals for zero waste-to-landfill and water reduction. The company prioritizes Diversity, Equity, and Inclusion, with 27% of its board being women or racially diverse. Winnebago also invested $1.4 million in community organizations and introduced the GO Together Fund to assist employees facing hardships.
Winnebago Industries (NYSE: WGO) is set to announce its Q1 Fiscal 2022 earnings on December 17, 2021, before market opening. The Company will also host a conference call at 9 a.m. CST on the same day to discuss the financial results. Interested parties can listen live on the Company’s website, with an archived replay available for 90 days thereafter. Winnebago is a prominent manufacturer of outdoor lifestyle products, producing a variety of motorhomes, trailers, boats, and outreach vehicles across multiple facilities in the U.S.
Winnebago Industries reported record quarterly revenues of $1.0 billion, a 40.4% increase year-over-year, driven by strong consumer demand. Gross profit rose to $187.2 million, with a gross margin of 18.1%, up 150 basis points. The company achieved a record diluted EPS of $2.45, up 96.0% year-over-year. For the full year, revenues reached $3.6 billion, up 54.1%, and net income grew by 358.8% to $281.9 million. Winnebago also increased its quarterly dividend by 50% and announced a new $200 million share repurchase program.
Winnebago Industries (NYSE:WGO) has authorized a new share repurchase program of up to $200 million, replacing the previous $70 million program. This marks the largest repurchase authorization in the company's history. CEO Michael Happe highlighted this decision as a reflection of the company's strong cash generation and commitment to enhancing shareholder value, alongside a 50% increase in the quarterly dividend announced in August. The repurchase program allows flexibility in timing and execution, aligning with market conditions and liquidity needs.
Winnebago Industries (NYSE: WGO) is set to release its earnings for Q4 and Fiscal 2021 on October 20, 2021, before market opening. A conference call will follow at 9 a.m. CDT to discuss the results. Interested parties can listen live on the company’s website, with an archived replay available for 90 days. Winnebago is a prominent manufacturer of outdoor lifestyle products, encompassing motorhomes, trailers, and powerboats, with facilities across several states.
Winnebago Industries (NYSE: WGO) announced that its RV brands, including Grand Design RV, Newmar, and Winnebago, have received the esteemed Quality Circle Award from the National RV Dealers Association (RVDA). This recognition is based on overall dealer satisfaction as measured by the Dealer Satisfaction Index (DSI), which evaluates Reliability and Quality, Parts, Warranty, and Sales. To qualify, manufacturers must score 4.25 or higher on a five-point scale. The awards will be presented at the RV Dealers Convention/Expo on November 11 in Las Vegas, Nevada.
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