Winnebago Industries, Inc. - WGO STOCK NEWS

Winnebago Industries is enhancing its long-term partnership with the National Park Foundation to promote racial equity and create career pathways in national parks. The initiative focuses on service corps programs for individuals aged 18-35, providing them with hands-on experience in park preservation. Winnebago will support projects that aim to inspire diverse leadership in outdoor careers. The partnership also highlights the 'Open OutDoors for Kids' program and features promotional activities, including a Winnebago Solis giveaway on 'Wheel of Fortune' starting March 8.

Winnebago Industries (WGO) reported strong Fiscal 2021 Q1 results, with revenues of $793.1 million, up 34.8% year-over-year. Gross profit rose 74.3% to $137.0 million, boosting gross margin by 390 basis points to 17.3%. Diluted EPS increased 284% to $1.70, and adjusted EPS reached $1.69, up 131.5%. The company's order backlog surged 313.4%, indicating sustained consumer demand for outdoor products. Cash flow showed an outflow of $2.7 million, reflecting increased inventory levels. A quarterly cash dividend of $0.12 per share has been declared.

Winnebago Industries (NYSE: WGO) announced a quarterly cash dividend of $0.12 per share on December 16, 2020. This dividend is payable on January 27, 2021, to shareholders of record as of January 13, 2021. Winnebago, a leading manufacturer of outdoor lifestyle products, operates brands including Winnebago, Grand Design, Chris-Craft, and Newmar.

Winnebago Industries (NYSE: WGO) has highlighted its environmental, social, and governance (ESG) efforts amid the COVID-19 pandemic in its 2020 Corporate Responsibility Report. The company focused on employee safety, community support, and diversity during 2020. Key highlights include significant contributions to COVID-19 relief, a 70% reduction in incident rates since 2016, and a commitment to diversity. Winnebago's products have also provided safe recreational options for customers during the pandemic.

Winnebago Industries (NYSE: WGO) will release its first quarter Fiscal 2021 earnings on December 18, 2020, before markets open. A conference call discussing these results will be held at 9:00 a.m. CST on the same day. The call can be accessed live through the company's website and will be archived for 90 days.

Winnebago is a leading manufacturer of outdoor lifestyle products and commercial vehicles, known for its brands like Winnebago, Grand Design, and Chris-Craft.

Winnebago Industries (NYSE: WGO) has unveiled a refreshed corporate brand identity to unify its expanding portfolio of premium outdoor lifestyle brands. This initiative underscores the company's commitment to enhancing outdoor experiences and reflects trends of increasing participation in outdoor activities amid the pandemic. A notable 60% of U.S. consumers engaged in outdoor activities in 2020, with 31% being first-time participants. The new brand identity includes a visual system and the tagline "Be Great, Outdoors," aimed at strengthening the company's market presence and connecting consumers with their outdoor passions.

Winnebago Industries has unveiled its updated 2021 Accessibility Enhanced (AE) RV line, responding to the surge in RV travel. The Inspire AE and Adventurer 30T AE models now feature wheelchair tie-downs, platform lifts, and more spacious designs. La Mesa RV will exclusively carry these units, enhancing mobility access for consumers. The 2021 AE lineup incorporates user-requested designs and significant modifications for improved usability. The models will be showcased at the 2021 Florida RV Supershow from January 13-17, 2021. For further details, visit Winnebago's official site.

Winnebago Industries' Specialty Vehicle Division has partnered with Signal Behavioral Health Network to launch six mobile opioid clinics in Colorado's rural counties, addressing the rising addiction crisis exacerbated by COVID-19. Funded by the Substance Abuse and Mental Health Services Administration, these units aim to serve 300 individuals weekly and offer various healthcare services, including substance use treatment and behavioral therapy. Built on a 33-foot platform, the clinics utilize advanced technology and are part of ongoing efforts to improve public health access.

Winnebago Industries reported a strong performance in its fourth quarter of Fiscal 2020, with revenues reaching $737.8 million, a 39.1% increase year-over-year, driven by robust consumer demand. The acquisition of Newmar contributed $126.3 million in revenue. The diluted EPS stood at $1.25, marking a 23.8% increase, while adjusted EPS rose 45.0% to $1.45. Full year revenues totaled $2.4 billion, up 18.6%, although net income dipped 45.0% due to COVID-19 impacts.