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.
Newmar Corporation, a subsidiary of Winnebago Industries, acknowledged top suppliers at its annual banquet on March 9, 2023. The event celebrated those who excelled in supply chain performance during 2022, with a score threshold of 195 out of 201 points needed for recognition. Matt McQuown, Vice President of Supply Chain, emphasized the importance of supplier reliability amid challenging conditions. The Virgil Miller award was presented to RiverPark Inc., with 73 suppliers recognized for outstanding contributions. Newmar, known for its quality in the RV manufacturing sector, continues to rely on strong supplier partnerships to support its operations.
Winnebago Industries (NYSE: WGO) announced a quarterly cash dividend of $0.27 per share, payable on April 26, 2023, to stockholders of record as of April 12, 2023. This marks the 35th consecutive quarter that the company has distributed dividends. Winnebago is known for its outdoor lifestyle products, including motorhomes and powerboats, primarily catering to leisure travel and outdoor recreation.
Winnebago Industries, Inc. (NYSE: WGO) announced it will release its second quarter fiscal 2023 earnings on March 22, 2023, before the market opens. A conference call to discuss the results will follow at 9 a.m. CT on the same day. Stakeholders can access the live call via the company's website. Winnebago, a North American leader in outdoor lifestyle products, operates under multiple brands including Winnebago, Grand Design, and Chris-Craft, focusing on recreational vehicles and marine products. The company has manufacturing facilities across Iowa, Indiana, Minnesota, and Florida.
Winnebago Industries (NYSE: WGO), a major outdoor lifestyle product manufacturer, announced that Michael Happe, its CEO, will speak at the 2023 Raymond James Institutional Investors Conference. The event is scheduled for March 8, 2023, at 8:05 a.m. Eastern Time in Orlando, FL.
A webcast of the presentation will be accessible on the company's investor relations website and will remain available for replay for 90 days.
Winnebago Industries produces a variety of leisure travel and outdoor products, including motorhomes and powerboats, with manufacturing facilities across multiple states.
Chris-Craft, a subsidiary of Winnebago Industries, unveiled the Calypso 32 at the 2023 Miami International Boat Show. This 32-foot boat showcases a blend of sophistication and technology, featuring premium materials and design elements. Key innovations include a fully enclosed climate-controlled windshield, Seakeeper Ride for stability, and a user-friendly interface powered by a large lithium-ion battery bank. The Calypso 32 also distinguishes itself with a manual lift center windshield and the MyChris-Craft app, providing owners with real-time monitoring capabilities. Specs highlight a length of 32'6”, maximum capacity for 14 persons, and a fuel capacity of 230 gallons.
Chris-Craft, a subsidiary of Winnebago Industries, has unveiled the Launch 25 GTe, its first all-electric concept boat, at the 2023 Miami International Boat Show. This zero-emission boat features a 420 HP electric propulsion system and a 133-kWh battery, allowing a top speed of 50 mph and an estimated run time of two hours. The launch represents Chris-Craft's commitment to innovation in the luxury boating market. Further testing will refine the commercial viability of the product. Developed in partnership with Winnebago's Advanced Technology Group and EVOA Propulsion, this electric vessel aims to enhance the boating experience while minimizing environmental impact.
Winnebago Industries has unveiled the eRV2, its all-electric, zero-emission RV prototype, at the Florida RV SuperShow in Tampa from January 18-22, 2023. The eRV2 is designed to meet increasing demand for sustainable travel, featuring a powerful electric powertrain and a range of 108 miles. It utilizes a proprietary IonBlade lithium battery, enabling multi-day off-grid capability with 900-watt solar power. The vehicle integrates eco-friendly materials and modern design principles for enhanced comfort. In addition to the eRV2, Winnebago showcased over 80 RVs, including accessible models and the latest innovations, highlighting its commitment to quality and sustainability.
Winnebago Industries (WGO) reported its Fiscal 2023 Q1 results, showcasing a revenue drop of 17.6% to $952.2 million, attributed to lower unit volume despite growth in the Marine segment, which soared 65.7%. Diluted EPS fell to $1.73, down 39.6% from the previous year. Gross profit declined 30.1% to $160.4 million, with operating income down 41.3%. Management highlighted strong liquidity and the impact of supply chain disruptions and material cost increases. However, Motorhome revenues rose 10.1%, offset by a significant $50 million loss from a chassis recall.
Winnebago Industries (WGO) has declared a quarterly cash dividend of $0.27 per share, scheduled for payment on January 25, 2023. Common stockholders of record as of January 11, 2023 will receive this dividend. This marks the company's commitment to shareholder returns, having consistently paid dividends for the last 34 quarters. Winnebago Industries, a premier manufacturer of outdoor lifestyle products, operates under several prominent brands, including Winnebago and Grand Design, and has facilities across multiple states.
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