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.
Winnebago Industries announces the establishment of its Advanced Technology Innovation Center in the Twin Cities, aiming to drive innovation in the recreational vehicle and marine industries. This facility will focus on next-generation technologies, including alternative energy management and autonomy, enhancing the company’s product offerings. Development will commence in early 2023. The initiative reflects Winnebago's commitment to improving the consumer experience through technology, as highlighted by recent advancements like the launch of an all-electric motorhome concept.
Winnebago Industries reported strong financial results for Q4 and Fiscal 2022, with revenues of $1.2 billion, a 14% year-over-year increase. The adjusted EPS rose to $3.02, up 14% compared to the prior year. For the full year, revenues reached $5.0 billion, a 36.6% increase, and net income grew by 38.6% to $390.6 million. Record cash return to shareholders stood at $85.8 million. Despite uncertainty in the market, the company secured a position for continued growth with a robust strategy and an increased ABL credit facility of $350 million.
Winnebago Industries, Inc. (NYSE: WGO) will release its earnings for the fourth quarter and Fiscal 2022 on October 19, 2022, before the market opens. A conference call to discuss the results will be held the same day at 9 a.m. CT. Interested parties can listen live via the company's website or access an archived replay for up to one year. Winnebago is a prominent manufacturer of outdoor lifestyle products, including motorhomes and powerboats, with operations across multiple states.
Winnebago Industries (NYSE:WGO) announced its Investor Day on November 15, 2022, at Lanier Islands, Georgia. CEO Michael Happe and the leadership team will unveil long-term strategies and provide updates on the outdoor lifestyle market. Presentations start at 11:00 a.m. ET and end around 1:00 p.m. ET, featuring product experiences for in-person attendees. Registration is required due to limited capacity. The event will be webcast live, and an audio replay will be accessible for one year on the Investor Relations website.
Winnebago Industries (NYSE: WGO) announced that CEO Michael Happe will present at the Raymond James 2022 Consumer Conference on September 15 at 9:10 a.m. ET. The event will be held at the Lotte New York Palace in New York City. A webcast of the presentation will be accessible on the company's investor relations website, with the presentation available for replay for 90 days after the event. Winnebago is a leading manufacturer of outdoor lifestyle products, including motorhomes and powerboats, and operates multiple facilities across the U.S.
Winnebago Industries (NYSE: WGO) has appointed Ray Posadas as Vice President of Investor Relations and Market Intelligence, effective September 6, 2022. He succeeds Steve Stuber, who became Chief Financial Officer of Grand Design RV. Posadas brings over 15 years of finance experience, particularly in investor relations. CEO Bryan Hughes expressed confidence in Posadas' ability to enhance investor engagement. Posadas previously worked with Allison Transmission and has a background in finance from Pace University. Winnebago is recognized for its outdoor lifestyle products.
Winnebago Industries (NYSE: WGO) announced a quarterly cash dividend of $0.27 per share, a 50% increase from the previous quarter, payable on September 28, 2022. This marks the 33rd consecutive quarter of dividends. Additionally, the Board authorized a $350 million share buyback program, replacing a fully utilized $200 million program. These moves reflect the company's strong performance, commitment to shareholder value, and confidence in continued growth, supported by solid cash flow and a low net leverage ratio.
Winnebago Industries (NYSE: WGO) announces the retirement of Bill Fenech, President of Barletta Pontoon Boats, effective August 26, 2022. Fenech founded Barletta in 2017, growing it into a leading pontoon brand. Under his leadership, the company plans a significant capacity expansion in Bristol, Indiana, set to launch in mid-2023.
Jeff Haradine, formerly VP of Sales, will succeed Fenech. Haradine has been with Barletta since its inception and is recognized for his contributions to product development and sales growth. Winnebago aims to maintain Barletta's commitment to quality as they pursue becoming a top three pontoon brand in the U.S.
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