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Winnebago Industries, Leave No Trace Announce First-Ever RV & Boating Environmental Stewardship Guidelines
Globenewswire· 2025-04-22 16:05
Core Insights - Winnebago Industries has partnered with Leave No Trace to promote environmental stewardship in outdoor activities, specifically targeting RV and boating communities [1][2] - The partnership aims to adapt the 7 Principles of Leave No Trace into guidelines tailored for RVers and boaters, enhancing responsible recreation practices [3][4] Company Overview - Winnebago Industries is a leading manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, and powerboats, with a commitment to sustainable innovation [7] - The company operates multiple facilities across Iowa, Indiana, Minnesota, and Florida, and is publicly traded on the New York Stock Exchange under the symbol WGO [7] Partnership Details - The collaboration with Leave No Trace focuses on educating outdoor enthusiasts on minimizing their environmental impact while enjoying recreational activities [2][4] - The guidelines include practical advice such as planning ahead, disposing of waste properly, and respecting wildlife [5] Environmental Commitment - Leave No Trace is an international nonprofit organization dedicated to promoting sustainable outdoor practices through education and research [8] - The partnership reflects a shared commitment to preserving outdoor spaces and empowering communities to engage in responsible recreation [4][8]
Mediacom Communications Launches Multi-Gig and Symmetrical Speed Services in Wells and Winnebago, Minnesota
GlobeNewswire News Room· 2025-04-17 16:43
WASECA, Minn., April 17, 2025 (GLOBE NEWSWIRE) -- Mediacom Communications today announced the company has launched multi-gig and symmetrical speed broadband services to over 2,000 households located in the rural Minnesota communities of Wells and Winnebago. Utilizing breakthrough technology to enhance the company’s fiber-powered network, Mediacom has created a more responsive end-to-end customer experience that prioritizes faster upload and download speeds, uncompromised network reliability, safe and secure ...
Winnebago Industries Announces Settlement of 2025 Convertible Senior Notes
Newsfilter· 2025-04-02 11:00
EDEN PRAIRIE, Minn., April 02, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading manufacturer of outdoor recreation products, today announced the settlement in cash of the remaining $59.3 million aggregate principal amount of 1.50% unsecured convertible senior notes due April 1, 2025 (the "2025 Convertible Notes"). Winnebago Industries has repaid a total of $159 million of debt to date in fiscal 2025. Bryan Hughes, Senior Vice President and Chief Financial Officer of Winnebago Indust ...
Winnebago Industries Announces "Hit It To Win It" Sweepstakes, Return of "The Dock" for 2025 Minnesota Twins Season
Newsfilter· 2025-04-01 17:30
Core Points - Winnebago Industries has launched the "Hit It To Win It" sweepstakes in partnership with the Minnesota Twins, allowing fans to win an RV or boat valued up to $200,000 [2][7] - The sweepstakes is tied to a specific event where a homerun hit by a Twins player must strike the Winnebago RV parked at Target Field "on the fly" [2][7] - Winnebago Industries continues to promote outdoor recreation through its various brands, including Winnebago, Grand Design RV, Newmar, Chris-Craft, and Barletta Boats [3][8] Company Overview - Winnebago Industries is a leading manufacturer of outdoor recreation products, focusing on high-quality motorhomes, travel trailers, powerboats, and community outreach vehicles [3][8] - The company is committed to sustainable innovation and vertical integration, with multiple facilities located in Iowa, Indiana, Minnesota, and Florida [8] Event Details - The "Hit It To Win It" sweepstakes runs from April 1, 2025, to September 21, 2025, or until the RV is hit [7] - Fans can enter the sweepstakes by visiting Target Field or through the official website [4][7] - The 2025 Home Opener for the Minnesota Twins is scheduled for April 3, 2025 [4] Unique Offerings - Winnebago Industries is bringing back "The Dock," a premium seating option at Target Field, providing fans with a unique experience that combines baseball and boating [5][6] - "The Dock" offers comfortable seating for up to 12 fans, along with a $30 food and beverage credit [5][6]
Winnebago Industries Announces “Hit It To Win It” Sweepstakes, Return of “The Dock” for 2025 Minnesota Twins Season
Globenewswire· 2025-04-01 17:30
Core Points - Winnebago Industries has launched the "Hit It To Win It" sweepstakes in partnership with the Minnesota Twins, allowing fans to win an RV or boat valued up to $200,000 [1][2][7] - The sweepstakes is tied to a specific event where a homerun hit by a Twins player must strike the Winnebago brand RV parked in right field "on the fly" during a home game [2][7] - Winnebago Industries continues its partnership with the Minnesota Twins for a second season, enhancing fan experience at Target Field with unique offerings [5][6] Company Overview - Winnebago Industries is a leading manufacturer of outdoor recreation products, including motorhomes, travel trailers, fifth-wheel products, powerboats, and pontoons under various brands such as Winnebago, Grand Design RV, Newmar, Chris-Craft, and Barletta Boats [3][8] - The company is committed to sustainable innovation and has multiple facilities located in Iowa, Indiana, Minnesota, and Florida [9] Event Details - The "Hit It To Win It" sweepstakes runs from April 1, 2025, until September 21, 2025, or until the RV is hit [7] - Fans can enter the sweepstakes by visiting Target Field or through the official website [4][7] - "The Dock," a unique seating area inspired by boating, will be available for fans at Target Field, providing a premium experience [5][6]
Winnebago's Q2 Earnings Match Expectations, Guidance Revised
ZACKS· 2025-03-31 14:31
Motorhome RV: Revenues in the Motorhome RV segment decreased 30.4% year over year to $235.6 million due to a decline in unit volume. The top line missed our estimate of $271.3 million. Total deliveries from the Motorhome RV segment came in at 1,144 units, falling 36.8% year over year and missing our estimate of 1,443 units. The segment recorded an adjusted EBITDA of $5.2 million, down 79.8% due to volume deleverage. The metric also missed our estimate of $7.9 million. Marine: Revenues from the segment total ...
Winnebago(WGO) - 2025 Q2 - Quarterly Report
2025-03-27 20:05
For the transition period from _________________ to _________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 1, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-06403 WINNEBAGO INDUSTRIES, INC. (Exact name of registrant as specified in its charter) | Mi ...
Winnebago(WGO) - 2025 Q2 - Earnings Call Transcript
2025-03-27 18:19
Financial Data and Key Metrics Changes - The company reported a sequential increase in profitability, attributed to operational pricing and cost improvements within the Towable and Motorhome RV segments [11] - Gross margin declined year over year due to a shift in product mix, but improved by 110 basis points sequentially due to lower allowances and discounts [35][36] - Adjusted EBITDA increased by 140 basis points sequentially, driven by lower allowances and discounts alongside reduced SG&A expenses [36] Business Line Data and Key Metrics Changes - In the Towable RV segment, revenues increased modestly year over year due to higher unit volume, but adjusted EBITDA margin declined due to product mix shifts and higher input costs [37] - Motorhome RV revenues decreased year over year, reflecting lower unit sales due to market conditions, although the launch of the Grand Design Motorhome Lineage lineup provided some offset [38] - Marine segment revenues increased year over year primarily due to unit volume, with adjusted EBITDA rising due to targeted price increases and operational efficiencies [40] Market Data and Key Metrics Changes - The company forecasts wholesale RV shipments for calendar 2025 to be between 320,000 to 350,000 units, approximately 4% below the RVIA's forecast, reflecting a conservative approach amid subdued retail conditions [25] - The company noted that retail patterns in March mirrored those of February, indicating no significant change in consumer sentiment [69] - Market share in motorhomes rose mid-single digits in 2024 versus 2023, while towable market share grew low single digits over the same period [28][29] Company Strategy and Development Direction - The company is focused on disciplined production, strong dealer relationships, improved operating efficiency, and sustained innovation to position itself for sustainable growth [11][12] - A tri-brand strategy in the motorhome sector aims to cater to distinct market segments and mitigate risks while unlocking potential for margin expansion [20] - The Winnebago Towables business is undergoing a strategic transformation to reset its portfolio with a new pricing strategy and product offerings [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the economic environment, noting that inflation and consumer confidence are critical factors affecting future sales [46][47] - The adjusted EPS guidance was reduced to a range of $2.75 to $3.75 per diluted share, reflecting a decrease in consumer confidence and sentiment [48] - Despite challenges, management remains optimistic about new products and long-term strategies, emphasizing a commitment to profitability and market presence [49][53] Other Important Information - The company completed a $100 million cash tender offer to repurchase a portion of its senior secured notes due 2028 [41] - A quarterly dividend of $0.34 per share will be paid in April, marking the forty-third consecutive quarterly dividend [43] - The company is actively managing tariff impacts through strategic sourcing and supplier collaboration [44] Q&A Session Summary Question: Impact of tariffs on EPS guidance - Management indicated that the guidance incorporates expected tariff impacts, which are believed to be relatively limited for fiscal 2025 [58] Question: Retail trends in March - Management noted that retail patterns in March were consistent with February, with no significant changes observed [69] Question: Inventory management and dealer relationships - Management emphasized the importance of maintaining healthy dealer relationships and managing inventory levels effectively [72] Question: Pricing strategy for Winnebago Towables - The company is adjusting pricing to enhance retail effectiveness and improve dealer inventory turnover [108] Question: Future product offerings and market share - Management expressed confidence in the potential for market share growth through new product introductions and improved dealer relationships [117]
Winnebago (WGO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-03-27 14:30
For the quarter ended February 2025, Winnebago Industries (WGO) reported revenue of $620.2 million, down 11.9% over the same period last year. EPS came in at $0.19, compared to $0.93 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $608.95 million, representing a surprise of +1.85%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.19.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
Winnebago(WGO) - 2025 Q2 - Earnings Call Transcript
2025-03-27 14:00
Winnebago Industries (WGO) Q2 2025 Earnings Call March 27, 2025 10:00 AM ET Company Participants Ray Posadas - Vice President, Investor Relations and Market IntelligenceMichael Happe - CEO, President & DirectorBryan Hughes - CFO and Senior VP of Finance, Investor Relations & Business DevelopmentTristan Thomas - Equity Research AssociateMichael Swartz - Director & Equity ResearchPatrick Buckley - Associate Conference Call Participants Joseph Altobello - MD & Senior AnalystScott Stember - Executive Director & ...