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Winnebago Industries manufactures outdoor recreation products through brands that include Winnebago, Grand Design, Chris-Craft, Newmar and Barletta. Its portfolio spans motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons and commercial community outreach vehicles used in leisure travel and outdoor recreation.
Company news commonly covers quarterly results, RV and marine product introductions, dealer and customer demand trends, capital allocation actions, dividends, debt management, board and governance updates, brand partnerships and recognition for its boating businesses. Updates also reference product mix, unit volume, warranty expense, cost controls and new-model activity across the motorhome, towable RV and marine categories.
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.
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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.
Winnebago Industries (NYSE: WGO) announces the retirement of Bill Fenech, President of Barletta Pontoon Boats, effective August 26, 2022. Fenech founded Barletta in 2017, growing it into a leading pontoon brand. Under his leadership, the company plans a significant capacity expansion in Bristol, Indiana, set to launch in mid-2023.
Jeff Haradine, formerly VP of Sales, will succeed Fenech. Haradine has been with Barletta since its inception and is recognized for his contributions to product development and sales growth. Winnebago aims to maintain Barletta's commitment to quality as they pursue becoming a top three pontoon brand in the U.S.
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.