Winnebago Inds Stock Price, News & Analysis

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.