Winnebago Industries, Inc. - WGO STOCK NEWS

Winnebago Industries (NYSE: WGO) reported its third-quarter fiscal 2024 results, highlighting a mixed financial performance amid challenging market conditions. Revenues for the quarter were $786.0 million, down 12.7% year-over-year. Gross profit decreased by 22.0% to $118.2 million, with a gross margin of 15.0%. Diluted earnings per share (EPS) stood at $0.96, while adjusted EPS was $1.13. Adjusted EBITDA was $58.0 million, a 39.8% decline. The Towable RV and Marine segments showed sequential improvement, with Barletta achieving double-digit market share in the U.S. aluminum pontoon market. Despite a difficult market, the company returned $87.8 million to shareholders through share repurchases and dividends. Cash and cash equivalents increased to $318.1 million. However, revenues saw declines across most segments, significantly impacting net income.

Winnebago Industries (NYSE: WGO) will release its third quarter fiscal 2024 financial results on June 20, 2024, before the market opens. A conference call to discuss these results will also take place that day at 9 a.m. CT, accessible via the company's website. The event will be archived for replay for up to a year.

Winnebago Industries is a prominent North American manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, powerboats, and pontoons. The company operates multiple facilities across Iowa, Indiana, Minnesota, and Florida, focusing on sustainable innovation and vertical integration in key components.

For further information or to receive updates, visit the Winnebago investor relations site.

Winnebago Industries (NYSE: WGO) has announced that its Senior Vice President and CFO, Bryan Hughes, along with Vice President of Investor Relations, Ray Posadas, will take part in a fireside chat at Baird’s 2024 Global Consumer, Technology and Services Conference. The event will occur in New York City on June 4, 2024, at 9:05 a.m. ET. The session will be webcast live and available for replay for 90 days on Winnebago's investor relations website. Winnebago is renowned for its high-quality motorhomes, travel trailers, powerboats, and community outreach vehicles. The company emphasizes sustainable innovation and vertical integration across its facilities in Iowa, Indiana, Minnesota, and Florida. For more information, visit their investor relations website.

Winnebago Industries (NYSE: WGO) has released the results of its fourth annual Spotlight Survey, revealing an increasing interest in outdoor activities among Americans. A significant 71% of respondents believe outdoor activities benefit their health, up three points from last year. Participation in activities such as camping, hiking, and boating has grown, with 89% of respondents engaging in such activities in 2023, a substantial increase from previous years. The trend is expected to persist, with 86% planning to maintain or increase their outdoor activities in 2024. Notably, 95% plan to participate in outdoor activities this summer. The survey underscores the importance of outdoor activities for physical and mental well-being and highlights the role of outdoor experiences in reducing screen time for younger generations.

Winnebago Industries (NYSE:WGO) has announced that its Board of Directors approved a quarterly cash dividend of $0.31 per share, payable on June 26, 2024, to shareholders of record as of June 12, 2024.

This marks the 40th consecutive quarter that Winnebago has paid a dividend. According to President and CEO Michael Happe, this decision reflects the board's confidence in the company's long-term outlook and robust financial position. Winnebago Industries is a leading North American manufacturer of outdoor lifestyle products, with multiple brands and facilities across the U.S.

Grand Design RV, a subsidiary of Winnebago Industries (NYSE: WGO), is launching its new Lineage Class C motorhome with a unique giveaway. One lucky winner will enjoy a glamping-inspired weekend in New York City from June 21-23, 2024, including roundtrip airfare, a $1,500 spending stipend, and two nights' accommodations in Bryant Park.

Additionally, the winner will have their campsite fees covered at national and state parks throughout the summer, along with a gift basket of glamping amenities. The event will include camping-inspired activities, music, and tours of the new motorhome and other Grand Design vehicles.

Entries for the giveaway will be accepted online from May 15 to June 6, 2024, with the winner chosen randomly on June 7, 2024.

Grand Design RV announces the launch of Lineage, their first motorized RV product, with a class C motorhome set to debut in July. The Lineage brand symbolizes continuity from Grand Design's foundation, focusing on quality, innovation, and customer service. This expansion marks Grand Design's entry into the motorized segment, promising superior quality and service to a new customer base.

Winnebago Industries (NYSE: WGO) has been recognized by Newsweek as one of the 2024 Most Trustworthy Companies in America. The company's commitment to customer trust, employee trust, and investor trust has earned it a spot among the top 700 companies in the U.S. with over $500 million in revenue. Winnebago's President and CEO, Michael Happe, expressed pride in the company's values and principles that prioritize integrity, trust, and excellence. The recognition reflects the company's efforts to build meaningful relationships with customers, investors, and employees through a culture of trust and integrity.

Winnebago Industries reports solid gross margin of 15.0% and completes $350 million offering of convertible senior notes for refinancing 2025 maturities. Barletta captures 7.9% share of U.S. Aluminum Pontoon Market, up 80 basis points YoY. The company introduces future mid-cycle organic growth targets.