Core Points - Winnebago Industries, Inc. plans to release its third quarter fiscal 2025 financial results on June 25, 2025, before the New York Stock Exchange opens [1] - A conference call will be held at 9:00 a.m. CT, hosted by the President and CEO Michael Happe and Senior Vice President and CFO Bryan Hughes [1] Company Overview - Winnebago Industries is a leading North American manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, and powerboats, under various brands such as Winnebago, Grand Design, and Chris-Craft [3] - The company is committed to sustainable innovation and vertical integration in key component areas, with multiple facilities located in Iowa, Indiana, Minnesota, and Florida [3] - Winnebago Industries' common stock is traded on the New York Stock Exchange under the symbol WGO [3]

Winnebago Industries (WGO) 2025 Conference Summary Company Overview - Winnebago Industries is a premium branded manufacturer in the outdoor recreation space, with three RV brands: Winnebago, Grand Design RV, and Newmar, and two marine brands: Barletta Boats and Chris Craft [3][4] Key Messages from Q3 Results 1. **Market Softness**: There is a noticeable softness in the outdoor recreation market since early April, affecting consumer demand and dealer inventory levels [6][7] 2. **Profitability Challenges**: The Winnebago branded motorhome business is disproportionately impacting overall profitability due to product vitality and operational challenges [7][8] 3. **Optimism for Other Brands**: Despite struggles in the Winnebago motorhome segment, other brands like Grand Design Towables and Newmar are performing well and gaining market share [10][11] Industry Insights - The RV industry is experiencing a slower-than-expected recovery, with retail results not meeting prior expectations for 2025 [15][16] - Wholesale unit volumes have increased, but retail sales have lagged, leading to a restocking phase [15][16] - The RV Industry Association forecasts around 337,000 units for the year, with expectations for softer shipments in the latter half of 2025 [17] Market Share and Competitive Landscape - Winnebago is focused on regaining market share, particularly in the travel trailer segment, where Grand Design is stabilizing and gaining traction [21][22] - The company is facing fierce competition in the lower-priced travel trailer market but is seeing positive momentum in higher-end segments [22][23] - Barletta Boats is now a significant player in the aluminum pontoon market, chasing down competitors [24][25] Margin and Profitability - Winnebago is currently facing margin pressures, particularly in the motorized segment, due to product quality issues and competitive pricing pressures [26][27] - The company aims to improve margins by addressing warranty expenses and enhancing product quality [30][31] Production Footprint - Winnebago's production is strategically located in Iowa and Indiana, benefiting from proximity to suppliers and a skilled labor pool [32][33] Financial Management - The company has prioritized debt management, retiring approximately $160 million in debt recently, while aiming to improve its net leverage ratio [34][36][37] Tariff and Trade Policy - Winnebago is actively managing tariff impacts through cost-sharing discussions with suppliers and potential supply chain adjustments [40][41] - The company is advocating for incentives to support U.S. manufacturing amidst a dynamic trade policy environment [46][47] Future Vision - Winnebago aims to position itself as a premium brand in the outdoor recreation space, focusing on quality, innovation, and customer service [54][55] - The company is exploring inorganic growth opportunities to enhance its portfolio, particularly in electrification and portable power solutions [56][57] Conclusion - Winnebago Industries is navigating a challenging market environment with a focus on improving profitability, regaining market share, and positioning itself for future growth in the outdoor recreation sector [58][59]

Baird 2025 Global Consumer, Technology & Services Conference Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including preliminary third quarter fiscal 2025 results. Investors are cautioned that forward-looking statements are inherently uncertain and involve potential risks and uncertainties. A number of factors could cause actual results to differ materially from these statements, including, but not ...

Financial Results - Winnebago Industries, Inc. reported preliminary financial results for Q3 Fiscal 2025, ending May 31, 2025[3] - The press release detailing the financial results was issued on June 5, 2025[3] Company Information - The company is listed on the New York Stock Exchange under the trading symbol WGO[2]

Core Viewpoint - Winnebago Industries anticipates lower net revenues and earnings for the third quarter of fiscal 2025 due to macroeconomic uncertainties affecting consumer sentiment and dealer networks [2][3] Financial Performance - Estimated net revenues for the third quarter of fiscal 2025 are approximately $775 million [2] - Reported earnings per diluted share are expected to be in the range of $0.55 to $0.65, while adjusted diluted earnings per share are projected to be between $0.75 and $0.85 [2] Market Conditions - The selling season began positively in March but faced challenges in the last two months of the fiscal third quarter due to growing macroeconomic uncertainty [3] - The Winnebago Motorhomes business unit is experiencing the most significant market pressures, leading to expectations of lower net revenue than previously anticipated [3] Strategic Actions - The company is implementing inventory management strategies to align production with market demand and dealer needs [3] - Significant steps have been taken to lower field inventory, improve working capital, and adjust production schedules [3] - Cost reduction and profitability improvement strategies are being initiated for fiscal 2025, including modifying production schedules and adjusting headcount [3] Business Transformation - The ongoing transformation of the Winnebago Motorhomes unit aims to enhance agility and long-term success [3] - Grand Design Towables is showing market share progress in the travel trailer segment, with strong demand for new motorhome products [3] - Newmar's Class A diesel market share has exceeded 30%, and the expanded product lineup is expected to contribute positively to future performance [3] Upcoming Events - Winnebago Industries will participate in the Baird 2025 Global Consumer Technology & Services Conference on June 5, 2025 [4] - The company plans to report its third quarter fiscal 2025 financial results on June 25, 2025, followed by a conference call [5]

Core Insights - Winnebago has launched the Thrive™, a modern travel trailer aimed at redefining comfort and design in the recreational vehicle (RV) market, reflecting the brand's commitment to innovative, customer-focused experiences [2][5] - The Thrive™ is available in two floorplans, the 18FBS and 22MBH, with lengths ranging from 22 to 33 feet and options for one to two slide-outs, catering to various lifestyles from weekend adventurers to full-time explorers [3][7] Product Features - Thrive™ emphasizes upscale design and thoughtful craftsmanship, featuring soft-close technology on doors and drawers, roller blackout shades, integrated utensil organizers, and pull-out recycling bins, ensuring a refined indoor experience [5][6] - The travel trailer underwent rigorous validation testing at the Transportation Research Center, confirming the durability and strength of its components [6] - Key features include large windows for natural light, a residential comfort king bed with storage, a state-of-the-art kitchen with fiberglass countertops, and advanced technology such as JBL Bluetooth speakers and power stabilizer jacks [9] Market Positioning - Thrive™ is positioned as a premium offering in the RV market, targeting design-conscious consumers who seek elevated outdoor living experiences without complexity [5][7] - The product launch is strategically timed to coincide with the summer travel season, with availability at Winnebago dealerships nationwide starting late May through early June [7] Company Background - Winnebago has been a leader in the RV industry since 1958, known for its commitment to quality, service, and community across its range of products, including motorhomes and travel trailers [8] - Winnebago Industries, the parent company, operates under multiple brands, including Grand Design and Chris-Craft, further solidifying its position in the leisure travel and outdoor recreation market [8]

Core Insights - Winnebago Industries, Inc. will participate in Baird's 2025 Global Consumer, Technology & Services Conference in New York City on June 5, 2025, at 1:25 p.m. ET, with CEO Michael Happe and VP Ray Posadas attending [1]. Company Overview - Winnebago Industries is a leading North American manufacturer of outdoor recreation products, including motorhomes, travel trailers, fifth-wheel products, and powerboats, under brands such as Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta [3]. - The company is committed to sustainable innovation and vertical integration in key component areas, operating multiple facilities across Iowa, Indiana, Minnesota, and Florida [3]. - Winnebago Industries' common stock is listed on the New York Stock Exchange under the symbol WGO [3].

Group 1 - Cautious optimism is emerging in the RV industry despite its shaky state, with Winnebago Industries, Inc. being a key player [1] - Winnebago is capitalizing on product diversification and differentiation to strengthen its market position [1] Group 2 - The analyst has experience in logistics and stock investing, focusing on various sectors including banks, telco, logistics, and hotels [1] - The analyst has been trading in the US market for four years and has holdings in US banks, hotels, shipping, and logistics companies [1]

Core Insights - Winnebago Industries has been recognized by Newsweek as one of America's Most Trustworthy Companies for 2025, marking the second consecutive year for this distinction, highlighting the company's commitment to integrity, quality, and customer trust [1] - The recognition is based on an independent survey of over 25,000 U.S. consumers, evaluating companies on customer trust, employee trust, and investor trust [1] - Winnebago Industries was also named one of Newsweek's Most Responsible Companies in America for 2025, showcasing its progress in environmental sustainability, ethical business conduct, and community impact [3] Company Overview - Winnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation products, including motorhomes, travel trailers, and powerboats, operating under brands such as Winnebago, Grand Design, and Chris-Craft [4] - The company is committed to sustainable innovation and vertical integration in key component areas, with multiple facilities located in Iowa, Indiana, Minnesota, and Florida [4] - Winnebago Industries emphasizes a long-term view of responsible growth that benefits shareholders, communities, and future generations, focusing on environmental stewardship and ethical governance [5] Corporate Values - The company operates with a focus on putting people first, investing in workforce development, safety, and community initiatives [5] - Winnebago Industries aims to be the best in quality, design, and user experience, continually innovating to enhance outdoor travel experiences [5] - The company's culture is rooted in innovation and quality craftsmanship, guided by core values that emphasize integrity and community impact [2]

Core Insights - Grand Design RV has launched the Lineage Series VT, its first class B motorhome, expanding its Lineage® product line to meet the growing demand for luxury adventure vans [1][3] - The Lineage Series VT is designed for rugged assurance, enabling adventurers to explore challenging terrains and off-grid locations with confidence [2][3] - The vehicle is built on the AWD Ford Transit chassis, featuring an industry-first fully integrated pop-top option that allows it to comfortably sleep four [3][4] Product Features - The Lineage Series VT includes innovative storage solutions and enhanced off-grid capabilities, addressing the real challenges faced by adventure van owners [3] - Key highlights of the Lineage Series VT include a fully convertible AquaHaven Rainshower System, an industry-first Undermount Cooktop by InvisaCook™, and a Stealth Split AC System for superior cooling [6] - The vehicle is equipped with a 48V Lithionics System for reliable power during extended adventures and a Panoramic Double-Pane Skylight for an immersive experience [6] Company Background - Grand Design RV, headquartered in Middlebury, Indiana, manufactures a range of premium recreational vehicles and has rapidly grown since its founding in 2012 [5] - The company is recognized for its quality manufacturing and exceptional customer service, consistently rated among the highest quality RV manufacturers [5][4] - Grand Design RV is a wholly owned subsidiary of Winnebago Industries, a leading manufacturer of outdoor recreation products [7]