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, Inc. (NYSE: WGO) generates a steady flow of news as a North American manufacturer of outdoor lifestyle and premium outdoor recreation products. Company press releases highlight developments across its portfolio of brands, including Winnebago, Grand Design RV, Newmar, Chris-Craft and Barletta, which together span motorhomes, towable RVs and marine products such as powerboats and pontoons.
On this page, readers can follow WGO news related to product introductions, brand showcases and major industry events. Recent releases describe new RV models and features unveiled at large shows such as the Florida RV SuperShow and the Hershey RV Show, where the company presents motorized coaches, travel trailers, toy haulers, fifth wheels and other RV formats from its premium brands.
Investors and enthusiasts can also track financial and corporate updates, including quarterly and full-year earnings announcements, guidance discussions, and commentary on segment performance in Motorhome RV, Towable RV and Marine. The company issues news on dividend declarations, capital allocation decisions and board actions, such as changes in board leadership roles and approvals of cash dividends.
Another recurring theme in Winnebago Industries’ news is corporate responsibility and ESG reporting. The company publishes a Corporate Responsibility Report that outlines its priorities around people, planet and communities, and issues releases that summarize progress on product stewardship, safety, inclusion and environmental goals.
Together, these updates provide a view into how Winnebago Industries manages its multi-brand RV and marine portfolio, approaches sustainability and corporate responsibility, and communicates financial performance. This news feed is a resource for following announcements that the company itself has chosen to highlight through its press releases.
Winnebago Industries (NYSE: WGO) announced the pricing of $300 million in 6.250% senior secured notes due 2028. Approximately $253.5 million will be used to repay term loan obligations, while the balance will cover general corporate purposes and related fees. The offering is expected to close around July 8, 2020, pending customary conditions. The notes are intended for qualified institutional buyers and non-U.S. persons, adhering to specific securities regulations. This move aims to enhance the company's financial position and support operational liquidity.
Winnebago Industries (NYSE: WGO) announced plans to offer $300 million in senior secured notes due 2028. The proceeds will primarily be used to repay approximately $253.5 million of its term loan facility, with any remaining funds allocated for general corporate purposes and associated fees. The offering targets qualified institutional buyers and non-U.S. persons, and the securities will not be registered under U.S. securities laws. Investors should be aware of potential risks linked to the offering, including interest rate fluctuations and economic slowdowns.
Winnebago Industries reported a challenging third quarter for Fiscal 2020, ending May 30, 2020, with revenues of $402.5 million, down 23.9% from the previous year. Gross profit also fell to $32.0 million, and the company recorded a net loss of $12.4 million. Despite these challenges, the RV market share increased to 11.7%, and cash flow from operations rose 96% year-to-date to $162.4 million. The company remains optimistic about recovery trends in demand for outdoor recreation products, supported by strong backlogs and anticipated growth in the RV sector as consumer preferences shift towards outdoor activities.
Winnebago Industries (WGO) plans to release its third quarter Fiscal 2020 earnings on June 24, 2020, before the market opens. A conference call to discuss the results will occur the same day at 9 a.m. CDT. Investors and interested parties can listen live via the company's investor relations website, where the event will also be archived for 90 days. Winnebago is a leading manufacturer of outdoor lifestyle products, including motorhomes, trailers, and boats, operating multiple facilities across the U.S.
Winnebago Industries announced a quarterly cash dividend of $0.11 per share to be paid on July 1, 2020. Shareholders must be on record by the close of business on June 17, 2020. This dividend reflects the company's commitment to return value to its stockholders. Winnebago Industries is well-known for manufacturing recreational vehicles under various brands including Winnebago and Grand Design, emphasizing quality in leisure products. The company remains a significant player in the outdoor lifestyle market.