Winnebago Industries, Inc. - WGO STOCK NEWS

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.

Winnebago Industries (NYSE: WGO) plans to release its fourth quarter earnings for Fiscal 2020 on October 21, 2020, before market opening. The company will also hold a conference call at 9:00 a.m. CDT to discuss the financial results. This call is accessible via the company's website and will be archived for 90 days for replay. Winnebago is a prominent manufacturer of outdoor lifestyle products, including motorhomes and boats, with operations in multiple U.S. states.

Winnebago Industries (NYSE: WGO) has appointed Huw Bower as President of Winnebago Outdoors, effective October 12, 2020. Bower, formerly with Brunswick Corporation, will oversee all revenue associated with the Winnebago brand, focusing on expanding its presence in outdoor lifestyle markets. Michael Happe, CEO, expressed enthusiasm for Bower's leadership, anticipating profitable growth for Winnebago-branded vehicles. Additionally, Brian Hazelton was promoted to Senior Vice President, responsible for driving efficiency within the Winnebago RV business. These moves aim to strengthen Winnebago's brand leadership.

Winnebago Industries, Inc. (NYSE: WGO) announced a quarterly cash dividend of $0.12 per share, reflecting a 9% increase from the previous quarter. This dividend, payable on September 30, 2020, is to common stockholders on record by September 16, 2020. Winnebago has consistently paid dividends for the last 25 quarters. CFO Bryan Hughes expressed confidence in the company's financial strength and growth potential despite the challenges posed by the COVID-19 pandemic, emphasizing a continued consumer interest in outdoor lifestyles.

Winnebago Industries (NYSE: WGO) has partnered with Polser USA to integrate a permanent antimicrobacterial coating in its Class A Specialty Vehicles. This coating technology reduces surface microorganisms by 99.9%, providing enhanced protection in mobile medical services amid the COVID-19 pandemic. With growing demand for safe mobile outreach, this innovation is critical to the vehicle's application in healthcare, education, and other community services. The antimicrobial technology will be immediately available, showcasing Winnebago's commitment to safety and innovation.

Winnebago Industries (NYSE: WGO) announced the pricing of $300 million in 6.250% senior secured notes due 2028. Approximately $253.5 million will be used to repay term loan obligations, while the balance will cover general corporate purposes and related fees. The offering is expected to close around July 8, 2020, pending customary conditions. The notes are intended for qualified institutional buyers and non-U.S. persons, adhering to specific securities regulations. This move aims to enhance the company's financial position and support operational liquidity.

Winnebago Industries (NYSE: WGO) announced plans to offer $300 million in senior secured notes due 2028. The proceeds will primarily be used to repay approximately $253.5 million of its term loan facility, with any remaining funds allocated for general corporate purposes and associated fees. The offering targets qualified institutional buyers and non-U.S. persons, and the securities will not be registered under U.S. securities laws. Investors should be aware of potential risks linked to the offering, including interest rate fluctuations and economic slowdowns.