Winnebago Inds - WGO STOCK NEWS

Winnebago Industries (NYSE: WGO) has been recognized by USA TODAY as one of America's Climate Leaders 2024, ranking 32nd out of 450 companies selected. The outdoor recreation product manufacturer achieved a 38.6% reduction in absolute Scope 1 and 2 GHG emissions from its 2020 baseline, leading the Automotive & Components sector.

Winnebago Industries aims to achieve ambitious sustainability goals by 2030, including 90% diversion of waste from landfills, 50% reduction in absolute GHG emissions, and 30% reduction in freshwater use. The company's portfolio includes premium brands such as Grand Design RV, Newmar, Winnebago, Barletta Boats, and Chris-Craft.

Grand Design RV, a subsidiary of Winnebago Industries (NYSE: WGO), has announced enhancements to its warranty program. Effective immediately, the new policy allows the transfer of 3 and 5-year warranties to subsequent owners, a first in the RV industry. This builds on their existing 1-year transferable warranty and applies to models from 2020 onwards. The announcement follows a recent introduction of a 5-year frame warranty, applicable to both new and pre-owned products. These measures underscore Grand Design RV’s dedication to quality and customer satisfaction, setting new standards in RV warranty policies.

Chris-Craft has unveiled its latest boat model, the Sportster 25, combining modern flair with classic styling, and starting at $149,950. This model boasts a spacious interior with ample seating, a new hull design for on-plane comfort, and advanced marine technology for an enhanced passenger experience. Features include a frameless windshield, customizable gelcoat hull colors, a vinyl-wrapped console, and teak accents. The Sportster 25 offers power options ranging from 300 to 380 horsepower and includes a range of convenience features like a new pull-out swim step, a spacious bow area, dual power ports, an anchor locker, and various storage solutions.

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.