Welcome to our dedicated page for Winnebago Inds news (Ticker: WGO), a resource for investors and traders seeking the latest updates and insights on Winnebago Inds stock.
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 (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.
Winnebago Industries (NYSE:WGO) announces a quarterly cash dividend of $0.18 per share, payable on June 29, 2022. Stockholders of record as of June 8, 2022 will receive this payment. This marks the 32nd consecutive quarter that Winnebago has issued a cash dividend, reflecting the company's commitment to returning income to shareholders. Winnebago is a leading manufacturer of outdoor lifestyle products, operating multiple facilities across the U.S.
XPEL, Inc. has appointed Stacy L. Bogart to its Board of Directors. Currently the Senior VP and General Counsel at Winnebago Industries (NYSE: WGO), Bogart brings extensive experience in mergers and acquisitions, having played pivotal roles in several acquisitions at Winnebago and Polaris. Her appointment is expected to enhance XPEL's growth strategy. CEO Ryan Pape expressed enthusiasm for Bogart’s insights, aiming for continued business expansion. Bogart's background in legal compliance and ESG initiatives will likely support XPEL’s strategic initiatives.
Winnebago Industries (WGO) reported second-quarter revenues of $1.2 billion, a 39% increase year-over-year. The company achieved a diluted EPS of $2.69 and an adjusted EPS of $3.14, marking a 42% rise from the previous year. The RV retail market share rose to 14.3%, up 100 basis points year-over-year. Winnebago returned $72 million to shareholders in the fiscal year-to-date and saw strong demand across its outdoor lifestyle brands, despite challenges in production efficiency due to supply constraints.