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) has joined over 12,000 global signatories of the United Nations Global Compact, enhancing its commitment to corporate sustainability. This initiative promotes principles on human rights, labor, the environment, and anti-corruption. Winnebago aims to integrate these principles into its strategy and contribute to the UN's Sustainable Development Goals. The company also emphasizes its focus on environmental sustainability, diversity, and equity, supported by its 2020 Corporate Responsibility Report.
Winnebago Industries (WGO) reported record revenues of $839.9 million for Q2 Fiscal 2021, a 34.0% increase year-over-year. Gross profit surged 96.3% to $156.6 million, with gross margin expanding by 590 basis points to 18.6%. Diluted EPS rose to $2.04, a 300.0% increase. The Towable segment generated revenues of $439.3 million, up 55.0%, while the Motorhome segment reached $382.6 million, a 17.5% rise. Backlogs increased significantly, indicating strong consumer demand. A cash dividend of $0.12 per share was approved for April 2021.
Winnebago Industries, Inc. (NYSE: WGO) announced the appointment of Jacqueline Woods and Kevin Bryant to its Board of Directors, effective March 17, 2021. These appointments come as part of the company's strategy to enhance its board with diverse expertise. Woods, previously with NielsenIQ and IBM, will contribute her marketing and customer insight skills, while Bryant, COO of Evergy, brings extensive financial and operational experience. The new directors aim to support Winnebago's growth in the outdoor lifestyle sector.
Winnebago Industries (NYSE: WGO) announced a quarterly cash dividend of $0.12 per share on March 17, 2021, reflecting the company's commitment to returning value to its shareholders. The dividend is payable on April 28, 2021, to stockholders of record by the close of business on April 14, 2021. Winnebago is recognized for its diverse outdoor lifestyle products, including motorhomes and boats, manufactured across multiple facilities in the U.S.
Winnebago Industries (NYSE: WGO) will release its Q2 Fiscal 2021 earnings before market open on March 24, 2021.
A conference call is scheduled for 9:00 a.m. CDT the same day to discuss these results. Investors can access the call live through the company's website and the event will be archived for 90 days.
Winnebago is known for its outdoor lifestyle products including motorhomes, travel trailers, and boats, operating facilities across several states.
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.
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