Winnebago Inds Stock Price, News & Analysis

Winnebago Industries (NYSE: WGO) announced a definitive agreement to acquire Lithionics Battery, advancing its technological capabilities in lithium-ion battery solutions for outdoor products. This strategic move aims to enhance Winnebago's product offerings and supply chain security, particularly in recreational vehicles and specialty vehicles. Lithionics, founded in 2010, specializes in battery systems that provide reliable power for RVs and other applications.

The acquisition is expected to close in Winnebago's third fiscal quarter. Management continuity will be maintained as Lithionics will operate as a wholly owned subsidiary.

Winnebago Industries (NYSE: WGO) reported a 25.6% decline in second quarter revenues for Fiscal 2023, totaling $866.7 million, down from $1.2 billion in the prior year. This decrease was attributed to lower unit volumes, despite price increases across segments. Gross profit fell 32.2% to $146.8 million, with a margin of 16.9%. Net income decreased 42.1% to $52.8 million, translating to earnings per diluted share of $1.52, down from $2.69 year-over-year. While the Marine segment saw a 16.1% revenue increase, the Towable segment experienced a significant 47% drop in revenues.

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.