Winnebago Inds Stock Price, News & Analysis

Winnebago Industries (NYSE: WGO) reported Q2 fiscal 2025 results with net revenues of $620.2 million, down 11.8% year-over-year. The company posted a net loss of $0.4 million, or $0.02 per diluted share, with adjusted earnings per share of $0.19.

Key highlights include:

• Gross profit of $83.1 million with 13.4% margin
• Adjusted EBITDA of $22.8 million (3.7% margin)
• Completed $100 million tender offer for Senior Secured Notes
• Barletta's market share in aluminum pontoons increased to 9.5%
• Newmar achieved fourth consecutive year of market share growth in Class A Diesel segment

The company updated its fiscal 2025 outlook, projecting sales between $2.8 billion to $3.0 billion and adjusted earnings per share of $2.75 to $3.75. Management cited challenges including high interest rates, inconsistent consumer sentiment, and dealers reducing inventory levels, particularly in Motorhome RV and Marine segments.

Winnebago Industries (NYSE:WGO) has announced its Board of Directors' approval of a quarterly cash dividend of $0.34 per share. The dividend will be payable on April 30, 2025, to common stockholders of record at the close of business on April 16, 2025.

This marks the company's 43rd consecutive quarterly dividend payment to common stockholders. The company's CEO, Michael Happe, emphasized their diverse capital allocation strategy focused on providing consistent returns to shareholders through dividend payments. Winnebago Industries maintains its position as a leading North American manufacturer of outdoor recreation products, including motorhomes, travel trailers, powerboats, and pontoons under brands such as Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta.

Winnebago Industries (NYSE: WGO) has scheduled to release its second quarter fiscal 2025 financial results on Thursday, March 27, 2025, before the New York Stock Exchange opens. The company will host a conference call at 9:00 a.m. CT, featuring President and CEO Michael Happe and CFO Bryan Hughes.

Winnebago Industries is a prominent North American manufacturer of outdoor recreation products, operating under brands including Winnebago, Grand Design, Chris-Craft, Newmar and Barletta. The company specializes in manufacturing motorhomes, travel trailers, fifth-wheel products, powerboats, pontoons, and commercial community outreach vehicles. With facilities across Iowa, Indiana, Minnesota and Florida, the company focuses on sustainable innovation and vertical integration in key component areas.

Winnebago Industries (NYSE: WGO) has announced its participation in the 46th Annual Raymond James Institutional Investors Conference in Orlando, Florida. The company's Senior Vice President and CFO Bryan Hughes, along with VP of Investor Relations Ray Posadas, will engage in a fireside chat on March 3, 2025, at 8:05 a.m. ET.

The event will be accessible through a live webcast on Winnebago's investor relations website, with replay available for 90 days. Winnebago Industries is a prominent North American manufacturer of outdoor recreation products, operating under brands including Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta Boat. The company specializes in producing motorhomes, travel trailers, fifth-wheel products, powerboats, pontoons, and commercial community outreach vehicles, with facilities across Iowa, Indiana, Minnesota, and Florida.

Winnebago Industries (NYSE: WGO) has announced the early results of its cash tender offer for its 6.250% Senior Secured Notes due 2028 and increased the maximum purchase amount from $75 million to $100 million. As of February 14, 2025, $243,886,000 in aggregate principal amount (81.30% of outstanding notes) had been validly tendered.

The company will settle early on February 20, 2025, for notes validly tendered by the Early Tender Date. Due to oversubscription, notes tendered after the Early Tender Date won't be accepted, and previously tendered notes will be prorated. The total consideration is $1,005.00 per $1,000 principal amount, plus accrued and unpaid interest.

Winnebago Industries (NYSE: WGO) has appointed Steve Speich as Senior Vice President of Enterprise Operations, effective March 3, 2025. Speich joins after more than 20 years at John Deere, where he most recently served as global director of manufacturing for Deere's Intelligent Solutions group.

In his new role, Speich will oversee manufacturing capabilities, strategic sourcing, business excellence initiatives, product quality management, and employee health, safety, and security efforts. He succeeds Chris West, who has transitioned to president of the Winnebago-branded motorhome business.

At John Deere, Speich managed end-to-end factory operations and held global director positions overseeing supply chain management and facility engineering across sixty global sites.

Winnebago Industries (NYSE: WGO) announced that its marine brands, Barletta Pontoon Boats and Chris-Craft, have received 2024 Customer Satisfaction Index (CSI) Awards from The National Marine Manufacturers Association at the 2025 Discover Boating Miami International Boat Show.

Chris-Craft achieved the highest level of customer satisfaction for the 17th consecutive year, while Barletta Boats received recognition for the sixth consecutive year. The CSI Awards program, which surveys over 175,000 new boat owners annually, requires manufacturers to maintain a 90% or higher customer satisfaction rating.

Additionally, Chris-Craft's Sportster 28 model received an Innovation Award honorable mention in the bowrider category. The awards reflect Winnebago Industries' commitment to excellence and exceptional customer experience through their manufacturing and dealer network.

Winnebago Industries (NYSE: WGO) has announced a cash tender offer to purchase up to $75 million of its 6.250% Senior Secured Notes due 2028. Holders who tender their notes by February 14, 2025 (Early Tender Date) will receive the Total Consideration of $1,005.00 per $1,000 principal amount, including a $30.00 Early Tender Premium. Those who tender after the Early Tender Date but before March 4, 2025 (Expiration Date) will receive the Base Consideration of $975.00 per $1,000.

The tender offer aims to optimize WGO's capital structure and reduce higher-cost debt through strong cash flow generation. The expected settlement dates are February 20, 2025, for early tenders and March 7, 2025, for final settlement. J.P. Morgan Securities serves as the Dealer Manager for the tender offer.

Barletta Pontoon Boats, a subsidiary of Winnebago Industries (NYSE: WGO), has received the 2025 Discover Boating® Minneapolis Boat Show® Innovation Award for its innovative helm design and addressable lighting application. This marks their third consecutive innovation award, making them only the second manufacturer to achieve this milestone.

The award-winning features include advanced RGB LED technology offering enhanced control over individual LEDs' color, brightness, and pattern. Initially available on the Barletta Reserve series for the 2025 model year, the company plans to expand this technology to other series. This recognition follows previous awards for their interior design, customer-centric floorplans, and an industry-first center-mounted twin engine design.

Founded in 2017, Barletta Boats has established itself as the fastest-growing company in the pontoon segment, with an extensive dealer network across the United States and Canada. Their product lineup includes the Reserve, Lusso, Corsa, Cabrio, and Aria series.