Winnebago Inds Stock Price, News & Analysis

Winnebago Industries (NYSE: WGO) is showcasing its 2025 lineup of RVs from its premium brands - Winnebago, Grand Design RV, and Newmar - at the Hershey RV Show from Sept. 11-15, 2024. The company is featuring nearly 150 new models across its three brands, demonstrating the latest in technology, design, and comfort.

Highlights include:

• Winnebago's debut of the Revel Sport camper van and the reimagined View / Navion Class C RVs
• Grand Design RV's entry into the motorized market with the Lineage Series M Class C motorhome
• Newmar's introduction of the Northern Star, an affordable diesel pusher

The showcase emphasizes Winnebago Industries' commitment to innovation, quality, and meeting diverse consumer needs in the outdoor recreation market.

Winnebago Industries (NYSE:WGO) has announced a 10% increase in its quarterly cash dividend to $0.34 per share, payable on September 25, 2024. This marks the 41st consecutive quarter of dividend payments and the 6th consecutive year of dividend increases. The company's CEO, Michael Happe, stated that this increase demonstrates the Board's confidence in Winnebago's future and commitment to shareholder value. Winnebago, a leading outdoor lifestyle product manufacturer, produces motorhomes, travel trailers, powerboats, and pontoons under various brands. The company's strong balance sheet and cash flows enable it to invest in growth while maintaining a balanced capital allocation approach.

Winnebago Industries (NYSE: WGO) has announced key changes to its executive leadership team. Chris West, currently Senior VP of Enterprise Operations and Barletta Boats, will become President of Winnebago Outdoors businesses on September 1, 2024, replacing Huw Bower who is stepping down. West, with the company since 2016, has extensive experience in manufacturing, supply chain, and quality management across Winnebago's portfolio.

Additionally, Jeff Haradine, Barletta Boats President, will join the executive leadership team, reporting directly to CEO Michael Happe. These changes aim to strengthen Winnebago's position in the premium outdoor recreation market and drive its next growth phase. The company manufactures various outdoor lifestyle products under brands including Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta.

Winnebago (NYSE: WGO) has launched Winnebago Connect™, an industry-first smart technology platform for RVs. This innovative system proactively monitors and controls all on-board RV systems through a single platform, offering features like programmable lighting, climate control, and smart energy optimization. The technology works proactively, adjusting systems based on pre-set parameters and user preferences.

Winnebago Connect will debut in the new Winnebago View® and Navion® 24T floorplans before expanding to the entire lineup. The platform offers free and paid subscription options, including essentials, premium, and premium + WiFi. This development marks Winnebago's first custom software effort, aiming to transform how customers interact with their motorhomes and set a new standard for the RV industry.

Winnebago Industries (NYSE: WGO) has been recognized by USA TODAY as one of America's Climate Leaders 2024, ranking 32nd out of 450 companies selected. The outdoor recreation product manufacturer achieved a 38.6% reduction in absolute Scope 1 and 2 GHG emissions from its 2020 baseline, leading the Automotive & Components sector.

Winnebago Industries aims to achieve ambitious sustainability goals by 2030, including 90% diversion of waste from landfills, 50% reduction in absolute GHG emissions, and 30% reduction in freshwater use. The company's portfolio includes premium brands such as Grand Design RV, Newmar, Winnebago, Barletta Boats, and Chris-Craft.

Grand Design RV, a subsidiary of Winnebago Industries (NYSE: WGO), has announced enhancements to its warranty program. Effective immediately, the new policy allows the transfer of 3 and 5-year warranties to subsequent owners, a first in the RV industry. This builds on their existing 1-year transferable warranty and applies to models from 2020 onwards. The announcement follows a recent introduction of a 5-year frame warranty, applicable to both new and pre-owned products. These measures underscore Grand Design RV’s dedication to quality and customer satisfaction, setting new standards in RV warranty policies.

Chris-Craft has unveiled its latest boat model, the Sportster 25, combining modern flair with classic styling, and starting at $149,950. This model boasts a spacious interior with ample seating, a new hull design for on-plane comfort, and advanced marine technology for an enhanced passenger experience. Features include a frameless windshield, customizable gelcoat hull colors, a vinyl-wrapped console, and teak accents. The Sportster 25 offers power options ranging from 300 to 380 horsepower and includes a range of convenience features like a new pull-out swim step, a spacious bow area, dual power ports, an anchor locker, and various storage solutions.

Winnebago Industries (NYSE: WGO) reported its third-quarter fiscal 2024 results, highlighting a mixed financial performance amid challenging market conditions. Revenues for the quarter were $786.0 million, down 12.7% year-over-year. Gross profit decreased by 22.0% to $118.2 million, with a gross margin of 15.0%. Diluted earnings per share (EPS) stood at $0.96, while adjusted EPS was $1.13. Adjusted EBITDA was $58.0 million, a 39.8% decline. The Towable RV and Marine segments showed sequential improvement, with Barletta achieving double-digit market share in the U.S. aluminum pontoon market. Despite a difficult market, the company returned $87.8 million to shareholders through share repurchases and dividends. Cash and cash equivalents increased to $318.1 million. However, revenues saw declines across most segments, significantly impacting net income.

Winnebago Industries (NYSE: WGO) will release its third quarter fiscal 2024 financial results on June 20, 2024, before the market opens. A conference call to discuss these results will also take place that day at 9 a.m. CT, accessible via the company's website. The event will be archived for replay for up to a year.

Winnebago Industries is a prominent North American manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, powerboats, and pontoons. The company operates multiple facilities across Iowa, Indiana, Minnesota, and Florida, focusing on sustainable innovation and vertical integration in key components.

For further information or to receive updates, visit the Winnebago investor relations site.