Winnebago Inds Stock Price, News & Analysis

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.