About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Winnebago Industries (WGO) came out with quarterly earnings of $0.19 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this recreational vehicle maker would post earnings of $0.16 per share when it actually produced a loss of $0.03, delivering a surprise of -118.75%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Win ...

Financial Performance - Net revenues for Q2 FY 2025 were $620.2 million, a decrease of 11.8% from $703.6 million in the same quarter last year[5] - Gross profit was $83.1 million, representing a gross margin of 13.4%, down from 21.1% year-over-year[6] - Adjusted EBITDA decreased by 54.2% to $22.8 million, with an adjusted EBITDA margin of 3.7%[9] - The Motorhome RV segment saw net revenues decline by 30.4% to $235.6 million, with adjusted EBITDA down 79.8%[12] - The Marine segment reported a 17.1% increase in net revenues to $81.7 million, with adjusted EBITDA rising 75.7%[12] - Net revenues for the three months ended March 1, 2025, were $620.2 million, a decrease of 11.8% from $703.6 million for the same period in 2024[26] - Gross profit for the six months ended March 1, 2025, was $159.9 million, representing a gross margin of 12.8%, down from 15.1% in the prior year[26] - Operating income for the three months ended March 1, 2025, was $7.8 million, significantly lower than $35.4 million for the same period in 2024, reflecting a decline in operating margin from 5.0% to 1.3%[26] - The company reported a net loss of $5.6 million for the six months ended March 1, 2025, compared to a net income of $13.1 million in the same period last year[31] - For the six months ended March 1, 2025, net revenues were $672.8 million, a decrease of $165.4 million or 24.6% compared to $507.3 million in the prior year[37] - Adjusted EBITDA for the six months ended March 1, 2025, was $1.6 million, or 0.2% of revenues, down from $47.3 million or 7.0% of revenues, a decline of 83.2%[37] Market Position - Barletta's market share in the U.S. aluminum pontoon market increased to 9.5%, up 140 basis points year-over-year[4] Expenses and Liabilities - Selling, general and administrative expenses rose by 8.6% to $69.7 million, driven by performance-based compensation and investments in growth[7] - Total current liabilities decreased to $373.8 million as of March 1, 2025, from $404.7 million as of August 31, 2024[28] - The company incurred interest expense of $12.6 million for the six months ended March 1, 2025, compared to $9.4 million in the prior year[31] Cash and Assets - Total assets decreased to $2,194.0 million as of March 1, 2025, down from $2,384.2 million as of August 31, 2024[28] - Cash and cash equivalents decreased to $115.5 million at the end of the reporting period, down from $330.9 million at the beginning[31] Unit Deliveries - Unit deliveries for Towable RVs increased by 7.1% to 7,225 units in the three months ended March 1, 2025, compared to 6,747 units in the same period last year[34] - Total unit deliveries for motorhome RVs decreased to 1,144 units, down 667 units or 36.8% from 1,811 units in the same quarter last year[37] - Total unit deliveries for boats in the marine segment increased to 1,046 units, up 184 units or 21.3% from 862 units in the same quarter last year[38] - Dealer inventory for motorhome RVs decreased to 3,784 units, down 1,060 units or 21.9% from 4,844 units in the prior year[37] Future Outlook - The updated fiscal 2025 outlook projects sales between $2.8 billion and $3.0 billion, with adjusted earnings per share guidance of $2.75 to $3.75[14] - The company aims to achieve over $100 million in revenue from the new Lineage Class Super C motorhome in fiscal 2025[3] Earnings Per Share - Adjusted diluted earnings per share for the three months ended March 1, 2025, was $0.19, compared to $0.93 for the same period in 2024[41]

EDEN PRAIRIE, Minn., March 27, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, today reported financial results for the fiscal 2025 second quarter ended March 1, 2025. Second Quarter Fiscal 2025 Financial Summary CEO Commentary "Winnebago Industries continues to demonstrate solid performance in our strategic markets, leveraging product differentiation and sharper affordability options to maintain healthy market share in our core premium and ...

Financial Results - Winnebago Industries, Inc. is set to release its second-quarter financial results on March 27, with expected earnings of 16 cents per share, a decrease from 93 cents per share in the same period last year [1] - The company projects quarterly revenue of $616.66 million, down from $703.60 million a year earlier [1] Dividend Announcement - On March 19, Winnebago's Board of Directors approved a quarterly cash dividend of 34 cents per share [2] - Following the announcement, Winnebago shares increased by 1.1%, closing at $34.76 [2] Analyst Ratings - Keybanc analyst Brett Andress maintained an Overweight rating but reduced the price target from $58 to $47 [4] - Citigroup analyst James Hardiman kept a Buy rating while lowering the price target from $51 to $43 [4] - Truist Securities analyst Michael Swartz maintained a Buy rating and raised the price target from $56 to $58 [4] - Northcoast Research analyst John Healy upgraded the stock from Neutral to Buy [4] - Roth MKM analyst Scott Stember maintained a Neutral rating and cut the price target from $70 to $59 [4]

Group 1 - The RV industry has been facing challenges in recent months, with Winnebago Industries serving as a notable example of this trend [1] - Winnebago Industries specializes in the production and sale of recreational vehicles [1]

Core Points - Winnebago Industries has declared a quarterly cash dividend of $0.34 per share, payable on April 30, 2025, to shareholders of record as of April 16, 2025, marking the 43rd consecutive quarter of dividend payments [1][2] - The company's capital allocation strategy emphasizes consistent returns to shareholders through dividends, supported by financial discipline and growth initiatives [2] - Winnebago Industries is a leading manufacturer of outdoor recreation products, including motorhomes, travel trailers, and powerboats, with a commitment to sustainable innovation and vertical integration [3] Company Overview - Winnebago Industries, Inc. operates under several brands, including Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta, focusing on leisure travel and outdoor recreation [3] - The company has manufacturing facilities located in Iowa, Indiana, Minnesota, and Florida, and its common stock is traded on the New York Stock Exchange under the symbol WGO [3]

Core Viewpoint - Winnebago Industries, Inc. is set to release its second quarter fiscal 2025 financial results on March 27, 2025, before the New York Stock Exchange opens, followed by a conference call with key executives [1]. Company Overview - Winnebago Industries, Inc. is a prominent North American manufacturer of outdoor recreation products, operating under brands such as Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta [3]. - The company specializes in producing high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles [3]. - Winnebago is committed to sustainable innovation and vertical integration in key component areas, with multiple facilities located in Iowa, Indiana, Minnesota, and Florida [3]. - The company's common stock is traded on the New York Stock Exchange under the symbol WGO [3].

Core Viewpoint - White Gold Corp. has announced promising results from its 2024 exploration diamond drilling programs at the QV and Betty properties, particularly highlighting the Chris Creek target which shows significant gold mineralization potential [1][2][3]. Group 1: Chris Creek Target - The Chris Creek target has been confirmed to contain a thick zone of gold mineralization over a 400 m strike length, with the anomaly extending over 2.2 km and remaining open for expansion [2][5]. - Initial drilling at Chris Creek involved 6 holes totaling 1,082 m, all of which intersected gold mineralization within a broad structure up to approximately 50 m in width [5][12]. - The gold mineralized zone shows continuity along strike and down-dip, with associated anomalous silver and tellurium, indicating a geochemical signature similar to the VG and Golden Saddle deposits [5][16]. Group 2: Betty Property - At the Betty property, 6 holes totaling 1,130.8 m were drilled across three targets: Black Betty, Betty White East, and Betty Ford [11][21]. - The Black Betty target returned the highest-grade gold of the Betty drill program, with 11.6 g/t Au over 1.10 m [23]. - The Betty Ford target, while encountering significant thicknesses of breccia, did not return significant gold values in the 2024 drilling [30]. Group 3: Future Exploration Plans - The company plans to continue exploration at the Chris Creek target and other prospective areas to identify regions hosting high-grade gold lodes [5][13]. - Future work will focus on expanding exploration efforts on the newly discovered targets, including the larger property-scale mineralized system on the QV property [5][11]. - The company is preparing a fully funded 2025 exploration program to follow up on successful results and test new targets [11]. Group 4: Property Overview - The QV property comprises 1,003 quartz claims covering 19,671 hectares and hosts the VG deposit, which has an Inferred resource of 295,500 oz gold at 1.47 g/t [34][37]. - The Chris Creek target is located approximately 9 km northwest of the VG deposit and has shown promising soil geochemical sampling results, with values as high as 600 ppb Au [35][36]. - The Betty property is strategically located near significant gold deposits, including Newmont Corporation's Coffee gold deposit and Western Copper and Gold Corporation's Casino porphyry deposit [20][37].

Core Insights - Winnebago Industries, Inc. will participate in the 46th Annual Raymond James Institutional Investors Conference on March 3, 2025, at 8:05 a.m. ET [1] - The event will feature Bryan Hughes, the senior vice president and chief financial officer, and Ray Posadas, vice president of investor relations and market intelligence [1] - A live webcast of the event will be available on the company's investor relations website and archived for 90 days [2] Company Overview - Winnebago Industries is a leading North American manufacturer of outdoor recreation products, including motorhomes, travel trailers, and powerboats [3] - The company operates under several brands, including Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta Boat [3] - Winnebago is committed to sustainable innovation and vertical integration, with multiple facilities located in Iowa, Indiana, Minnesota, and Florida [3]