Winnebago Inds Stock Price, News & Analysis

Winnebago Industries (NYSE: WGO) has announced the early results of its cash tender offer for its 6.250% Senior Secured Notes due 2028 and increased the maximum purchase amount from $75 million to $100 million. As of February 14, 2025, $243,886,000 in aggregate principal amount (81.30% of outstanding notes) had been validly tendered.

The company will settle early on February 20, 2025, for notes validly tendered by the Early Tender Date. Due to oversubscription, notes tendered after the Early Tender Date won't be accepted, and previously tendered notes will be prorated. The total consideration is $1,005.00 per $1,000 principal amount, plus accrued and unpaid interest.

Winnebago Industries (NYSE: WGO) has appointed Steve Speich as Senior Vice President of Enterprise Operations, effective March 3, 2025. Speich joins after more than 20 years at John Deere, where he most recently served as global director of manufacturing for Deere's Intelligent Solutions group.

In his new role, Speich will oversee manufacturing capabilities, strategic sourcing, business excellence initiatives, product quality management, and employee health, safety, and security efforts. He succeeds Chris West, who has transitioned to president of the Winnebago-branded motorhome business.

At John Deere, Speich managed end-to-end factory operations and held global director positions overseeing supply chain management and facility engineering across sixty global sites.

Winnebago Industries (NYSE: WGO) announced that its marine brands, Barletta Pontoon Boats and Chris-Craft, have received 2024 Customer Satisfaction Index (CSI) Awards from The National Marine Manufacturers Association at the 2025 Discover Boating Miami International Boat Show.

Chris-Craft achieved the highest level of customer satisfaction for the 17th consecutive year, while Barletta Boats received recognition for the sixth consecutive year. The CSI Awards program, which surveys over 175,000 new boat owners annually, requires manufacturers to maintain a 90% or higher customer satisfaction rating.

Additionally, Chris-Craft's Sportster 28 model received an Innovation Award honorable mention in the bowrider category. The awards reflect Winnebago Industries' commitment to excellence and exceptional customer experience through their manufacturing and dealer network.

Winnebago Industries (NYSE: WGO) has announced a cash tender offer to purchase up to $75 million of its 6.250% Senior Secured Notes due 2028. Holders who tender their notes by February 14, 2025 (Early Tender Date) will receive the Total Consideration of $1,005.00 per $1,000 principal amount, including a $30.00 Early Tender Premium. Those who tender after the Early Tender Date but before March 4, 2025 (Expiration Date) will receive the Base Consideration of $975.00 per $1,000.

The tender offer aims to optimize WGO's capital structure and reduce higher-cost debt through strong cash flow generation. The expected settlement dates are February 20, 2025, for early tenders and March 7, 2025, for final settlement. J.P. Morgan Securities serves as the Dealer Manager for the tender offer.

Barletta Pontoon Boats, a subsidiary of Winnebago Industries (NYSE: WGO), has received the 2025 Discover Boating® Minneapolis Boat Show® Innovation Award for its innovative helm design and addressable lighting application. This marks their third consecutive innovation award, making them only the second manufacturer to achieve this milestone.

The award-winning features include advanced RGB LED technology offering enhanced control over individual LEDs' color, brightness, and pattern. Initially available on the Barletta Reserve series for the 2025 model year, the company plans to expand this technology to other series. This recognition follows previous awards for their interior design, customer-centric floorplans, and an industry-first center-mounted twin engine design.

Founded in 2017, Barletta Boats has established itself as the fastest-growing company in the pontoon segment, with an extensive dealer network across the United States and Canada. Their product lineup includes the Reserve, Lusso, Corsa, Cabrio, and Aria series.

Winnebago Industries (NYSE: WGO) announced its participation in the 2025 Florida RV SuperShow, showcasing over 165 models across its three leading RV brands. The event, running January 15-19 in Tampa, will feature new products and innovations from Newmar, Grand Design RV, and Winnebago.

Key highlights include Grand Design's debut of the Lineage Series F Super C motorhome, Newmar's introduction of the Grand Star Super C and Northern Star models, and Winnebago's display of seven new and updated products including the View/Navion 24R with WinnebagoConnect smart RV system. Grand Design will showcase 61 coaches, Newmar will display 33 coaches, and Winnebago will present 71 motorized and towable RVs.

Winnebago Industries (NYSE: WGO) has released its 2024 Corporate Responsibility Report, marking its sixth annual publication and first report aligned with GRI Universal Standards. The report showcases significant environmental and operational achievements, including a 10% reduction in greenhouse gas emissions and water consumption from 2020 baseline through FY2023, and notable safety improvements with a 29% decrease in Total Recordable Incident Rate and 21% reduction in Days Away, Restricted or Transferred.

The company introduced Winnebago Connect™, integrating smart technology with sustainability initiatives. The report focuses on nine key priorities: ethics and integrity, safety, people, inclusion and belonging, community, waste, emissions, product stewardship, and water. Winnebago Industries received recognition from USA TODAY as one of America's Climate Leaders and from Newsweek as one of America's Most Responsible and Most Trustworthy Companies.

Grand Design RV announced the consumer debut of its new Lineage® Series F Super C motorhome at the 2025 Florida RV Super Show, taking place January 15-19 in Tampa. This launch follows the successful release of the Lineage® Series M last year, which won Best New Model and RV of the Year honors.

The Series F features a 22,000-pound GVWR platform, 43,000-pound gross combined weight rating, and a 6.7L Power Stroke diesel engine delivering 330 horsepower. Key features include a 15,000-pound towing capacity, 320 Amp/hr lithium battery system, 1,000 watts solar, and a custom-engineered MORryde chassis with Fox Racing suspension.

The vehicle will be showcased at the Florida State Fairgrounds with special show pricing through Lazy Days RV and General RV.

Winnebago Industries (NYSE: WGO) has appointed Mike Pack to its board of directors, effective January 8, 2025. Pack, currently an executive vice president at Oshkosh , serves as president of their Vocational segment. He brings extensive financial and manufacturing industry expertise, having previously served as Executive Vice President and CFO at Oshkosh since 2006.

Pack will serve on the Audit Committee and Technology and Innovation Committee of the Winnebago Industries board. His appointment follows the retirement of Richard Moss, who served on the board for seven years. Kevin Bryant, a board member since 2021, will succeed Moss as chair of the Audit Committee.

Pack holds a bachelor's degree in business administration from the University of Wisconsin-Madison and is a certified public accountant. His previous experience includes working as a senior audit manager at Grant Thornton LLP.