Winnebago Inds Stock Price, News & Analysis

Winnebago Industries, Inc. (NYSE: WGO) has appointed Casey Tubman as President of Newmar Corporation, effective August 1, 2022. Tubman, who has over 25 years of experience in various leadership roles at Whirlpool, will oversee Newmar, a luxury motorhome manufacturer under Winnebago's umbrella since 2019. Winnebago's CEO Michael Happe expressed confidence in Tubman's leadership, emphasizing his track record in operational excellence and brand innovation. This leadership change aims to sustain Newmar's market position and commitment to quality and service.

Winnebago Industries Foundation is launching an internship program this summer in collaboration with Camber Outdoors, aimed at enhancing diversity and inclusion within the outdoor recreation sector. The program will offer 15 internships across five companies, focused on creating career pathways for students from traditionally excluded communities. The initiative is expected to expand, with plans to place 125 interns within three years. CEO Michael Happe emphasized the commitment to an inclusive workplace, promoting the outdoors as a space for everyone.

Winnebago Industries (NYSE: WGO) has announced the passing of Board member Maria F. Blase on July 16, 2022. Joining the Board in September 2018, Blase served as chairperson of the Finance Committee and was a member of the Audit Committee. CEO Michael Happe expressed deep sorrow over her loss, highlighting her valuable contributions and impactful leadership during her tenure. Winnebago, a North American manufacturer of outdoor lifestyle products, operates under well-known brands, including Winnebago and Grand Design.

Winnebago has launched a new mobile app designed specifically for RV owners at its annual Grand National Rally event. This app provides key features including how-to videos, searchable owner manuals, a service locator, and maintenance checklists, enhancing the overall ownership experience. By addressing customer needs for streamlined RV management, the app reflects Winnebago's commitment to innovation and customer engagement. Available for free on iOS and Android, the app aims to empower owners with essential information at their fingertips, ensuring easier travel and RV operation.

Barletta Pontoon Boats, a subsidiary of Winnebago Industries, is set to break ground on a new 184,000 square foot production facility in Bristol, Indiana, later this summer. This expansion will triple Barletta's manufacturing space to over 425,000 square feet and is projected to create more than 200 new jobs by spring 2023. With a strong focus on innovative products and customer experience, Barletta aims to solidify its position among the top five pontoon manufacturers in the U.S. The groundbreaking ceremony is planned for late summer or early fall of 2022.

Winnebago Industries, Inc. (NYSE: WGO) has appointed Amber Holm as Senior Vice President, Chief Marketing Officer, effective July 6, 2022. Holm brings over 20 years of experience from brands like Newell and Bridgestone. Sri Koneru has been promoted to Senior Vice President, Chief Information Officer, where he will enhance digital strategies and cybersecurity. Chad Reece is now Vice President, Government and Industry Relations, focusing on outdoor industry engagement and legislation. These leadership changes aim to strengthen Winnebago's market position and brand development.

Winnebago Industries reported record third-quarter revenues of $1.5 billion, a 52% increase from the prior year, achieving organic growth of 41%. Diluted EPS reached $3.57, with adjusted EPS at $4.13, marking an 84% rise. The company gained market share, now at 13.2%. It executed $70 million in share repurchases this quarter, returning a total of $148 million to shareholders year-to-date. Operating income climbed to $176.7 million, up 72.5%, while gross profit grew by 60.9% to $273 million.

Winnebago Industries (NYSE: WGO) recently completed a groundbreaking 1,380-mile All Electric RV Road Trip with its e-RV, the first all-electric motorhome concept from a major RV manufacturer. The journey, which began in Washington D.C., aimed to test the feasibility of electric RV travel and featured stops in various cities including Pittsburgh and Chicago. Key statistics from the trip include an average speed of 53 MPH, total charging costs of $275, and a significant 60% cost savings compared to gas-powered trips. Winnebago's Advanced Technology Group will use data gathered from this trip to refine future electric vehicle designs.

Winnebago Industries, a leading outdoor lifestyle product manufacturer, is set to release its third quarter Fiscal 2022 earnings on June 22, 2022, prior to market opening. Investors can engage in a conference call at 9 a.m. CDT on the same day to review the financial results. Winnebago Industries manufactures a range of products, including motorhomes, travel trailers, and powerboats, under well-known brands like Winnebago and Grand Design. For more investor information, visit their investor relations website.