Winnebago Inds Stock Price, News & Analysis

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.

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.