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.
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.
Winnebago Industries (NYSE: WGO) will release its first quarter fiscal 2023 earnings before the market opens on December 16, 2022. A conference call to discuss the financial results will take place on the same day at 9 a.m. CT. Interested parties can listen live through the company’s website. Winnebago is recognized as a leading manufacturer of outdoor lifestyle products including motorhomes and powerboats, with multiple facilities located across several states in the U.S.
Winnebago Industries has successfully completed its record-setting CommunityGO giving campaign, raising over $1.2 million from employees and partners, significantly benefiting 270 non-profits. Launched in 2019, the campaign has tripled, reinforcing Winnebago's commitment to community support with nearly 20x increase in giving since 2016. The Winnebago Industries Foundation provides dollar-for-dollar matching, enhancing the impact of contributions. This initiative showcases Winnebago's dedication to fostering strong, inclusive communities despite ongoing economic uncertainties.
On November 15, 2022, Winnebago Industries hosted its Investor Day at Lanier Islands, Georgia, where President Michael Happe shared strategic targets for 2025. The company aims for $5.5 billion in net revenue, with 15% from non-RV sales and 19% gross margin. Winnebago has grown significantly, increasing revenue from $1 billion to $5 billion from 2016 to 2022, indicating a successful transformation. Happe emphasized the firm’s resilience amid economic fluctuations and commitment to enhancing its enterprise portfolio.
FAQ
What is the current stock price of Winnebago Industries (WGO)?
What is the market cap of Winnebago Industries (WGO)?
What does Winnebago Industries manufacture?
Where is Winnebago Industries headquartered?
What recent acquisitions has Winnebago Industries made?
How much revenue did Winnebago Industries generate in fiscal 2023?
What is the Winnebago Connect digital platform?
What are some of Winnebago's latest RV models?
What sectors does Winnebago's Specialty Vehicles division serve?
What stock exchanges are Winnebago Industries' shares listed on?
How can I access Winnebago Industries' investor relations materials?
What awards has Winnebago Industries received?
