Core Viewpoint - Winnebago Industries, Inc. is increasing the maximum aggregate principal amount of its cash tender offer for its 6.250% Senior Secured Notes due 2028 from $75 million to $100 million, reflecting strong interest from noteholders [1][5]. Group 1: Tender Offer Details - The cash tender offer aims to purchase the 6.250% Senior Secured Notes due 2028, with an initial cap of $75 million now raised to $100 million [1]. - As of the Early Tender Date on February 14, 2025, a total of $243,886,000 of the Notes has been validly tendered, representing 81.30% of the outstanding amount [2][3]. - The Company will prorate the accepted principal amount of the Notes due to the oversubscription beyond the Tender Cap [5]. Group 2: Settlement Information - The early settlement date for the accepted Notes is set for February 20, 2025, with holders receiving accrued and unpaid interest up to that date [6]. Group 3: Company Overview - Winnebago Industries, Inc. is a leading manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, and powerboats, with a commitment to sustainable innovation [9].

Core Insights - Winnebago Industries has appointed Steve Speich as the new senior vice president of enterprise operations, effective March 3, 2025, following an extensive search for a new operations leader [1][3] Group 1: Leadership Transition - Steve Speich brings over two decades of manufacturing leadership experience from John Deere, where he held various global director roles, including overseeing end-to-end factory operations and supply chain management [2][4] - The appointment follows the transition of Chris West, the former senior vice president of enterprise operations, who has been named president of the Winnebago-branded motorhome business [4] Group 2: Strategic Focus - In his new role, Speich will oversee manufacturing capabilities, strategic sourcing programs, business excellence initiatives, product quality management, and employee health, safety, and security efforts [3] - The company aims to enhance operational efficiencies and deliver exceptional value to customers and stakeholders under Speich's leadership [4] Group 3: Company Overview - Winnebago Industries is a leading manufacturer of premium outdoor recreation products, with a diverse portfolio that includes RV and marine recreation products under various brands [5] - The company operates across multiple facilities in Indiana, Iowa, Minnesota, and Florida, and is publicly traded on the New York Stock Exchange under the symbol WGO [5]

Core Viewpoint - Winnebago Industries' marine brands, Barletta Pontoon Boats and Chris-Craft, received the 2024 Customer Satisfaction Index (CSI) Awards, highlighting their commitment to customer satisfaction in the marine industry [1][2]. Company Overview - Winnebago Industries is a leading North American manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, and marine products [5]. - The company operates under several brands, including Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta, and is committed to sustainable innovation and vertical integration [5]. Customer Satisfaction Awards - The Marine Industry Customer Satisfaction Awards are based on customer surveys and recognize manufacturers and dealers with the highest overall satisfaction ratings [2]. - The CSI program surveys over 175,000 new boat owners annually, aiming to enhance customer experience and support industry growth [3]. Recognition and Achievements - Chris-Craft has achieved the highest level of customer satisfaction for 17 consecutive years, reflecting its dedication to craftsmanship and innovation [3]. - Barletta Boats has been recognized for the sixth consecutive year, emphasizing the quality of its pontoon boats and the pride of its employees [4]. Innovation Recognition - Chris-Craft's Sportster 28 model received an honorable mention in the Innovation Awards for the bowrider category, showcasing the brand's commitment to innovation in the boating industry [4]. Brand Specifics - Chris-Craft, established in 1874, is known for its craftsmanship and quality, offering a range of sterndrive and outboard powerboat models [6]. - Barletta Boats, founded in 2017, focuses on high-quality, innovative products and has rapidly grown in the pontoon segment with a strong dealer network [7][8].

Core Viewpoint - Winnebago Industries, Inc. has initiated a cash tender offer to purchase up to $75 million of its 6.250% Senior Secured Notes due 2028, reflecting a strategy to enhance shareholder value and optimize capital structure [1][4]. Group 1: Tender Offer Details - The tender offer is for a principal amount of up to $75 million, exclusive of premiums and accrued interest [1]. - The total outstanding amount of the Notes is $300 million, with a base consideration of $975.00 per $1,000 principal amount and an early tender premium of $30.00, leading to a total consideration of $1,005.00 for early tenders [2]. - Holders must tender their Notes by 5:00 p.m. New York City time on February 14, 2025, to be eligible for the total consideration [4][5]. Group 2: Management Commentary - The CEO emphasized the commitment to long-term shareholder value through disciplined capital allocation and leveraging strong liquidity [4]. - The CFO highlighted the proactive strategy to manage leverage and the ability to fund both organic and inorganic investments while returning cash to shareholders [4]. Group 3: Conditions and Timeline - The tender offer will expire on March 4, 2025, unless extended, and validly tendered Notes can be withdrawn until February 14, 2025 [5][6]. - If the principal amount of tendered Notes exceeds the tender cap, the acceptance will be prorated based on the amount tendered [7][8].

Core Insights - Barletta Pontoon Boats, a subsidiary of Winnebago Industries, has won the 2025 Discover Boating Minneapolis Boat Show Innovation Award for its new helm design and addressable lighting application, marking a significant achievement in the pontoon boat segment [1][4]. Product Innovation - The new addressable lighting technology allows users to control individual LEDs in terms of color, brightness, and pattern, enhancing both aesthetics and functionality [2]. - The innovative helm design is initially available on the Barletta Reserve series for the 2025 model year, with plans for future expansion to other series [2]. Company Recognition - Barletta Boats has received three consecutive Innovation Awards, highlighting its commitment to enhancing the boating experience and customer satisfaction [3][4]. - The company has previously been recognized for its interior design, customer-centric floorplans, and a center-mounted twin engine design that improves performance and safety [3]. Industry Position - Barletta Boats is noted as the fastest-growing company in the pontoon segment, with a strong focus on high-quality, innovative products and customer experience [6]. - The company has established a broad network of dealer partners across the United States and Canada, contributing to its rapid growth since its founding in 2017 [6]. Parent 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 several states and is publicly traded on the New York Stock Exchange under the symbol WGO [7].

EDEN PRAIRIE, Minn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading manufacturer of outdoor recreation products, announced today that it will feature more than 165 models across its three leading RV brands – Newmar, Grand Design RV and Winnebago – at the 2025 Florida RV SuperShow, January 15-19, in Tampa, Florida. The company will highlight the latest smart RV technology, customer-centric features and quality-built travel trailers and motorhomes designed to elevate every ...

Core Insights - Winnebago Industries, Inc. will showcase over 165 models across its three leading RV brands at the 2025 Florida RV SuperShow, emphasizing smart RV technology and customer-centric features [1][2] Group 1: Winnebago Brands - Winnebago's full lineup of RVs aims to enhance outdoor experiences and create lasting memories for users [2] - Grand Design RV will present 61 coaches, including the debut of the Lineage® Series F Super C motorhome, which sets new standards in the Super C RV class [3][4] - Newmar will display 33 handcrafted coaches, including the Grand Star Super C, designed for both first-time RVers and seasoned enthusiasts [5][6] Group 2: Product Features and Innovations - New floorplans and updated features will be showcased in the Momentum toy-hauler line, including the new 388MBS floorplan for the Solitude fifth wheel [7] - The London Aire will now offer an optional Freightliner chassis, enhancing power and luxury [8] - Winnebago will display 71 motorized and towable RVs, featuring seven new and updated products [9][10] Group 3: Company Overview - Winnebago Industries is a leading manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, and powerboats, with a commitment to sustainable innovation [11] - 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 [11]

Corporate Responsibility and Sustainability Efforts - Winnebago Industries published its 2024 Corporate Responsibility Report, emphasizing its commitment to building a sustainable and inclusive future [1] - The report aligns with the Global Reporting Initiative (GRI) Universal Standards and includes an index based on the Task Force on Climate-Related Financial Disclosures (TFCD) and Sustainability Accounting Standards Board (SASB) recommendations [2] - The company's corporate responsibility efforts focus on nine priorities: ethics and integrity, safety, people, inclusion and belonging, community, waste, emissions, product stewardship, and water [3] - Winnebago Industries achieved a 10% reduction in greenhouse gas emissions and water consumption from its 2020 baseline through FY2023 [6] - The company improved its safety metrics, with a 29% year-over-year improvement in Total Recordable Incident Rate (TRIR) and a 21% improvement in Days Away, Restricted or Transferred (DART) [6] Recognition and Innovation - Winnebago Industries was recognized by USA TODAY as one of America's Climate Leaders and by Newsweek as one of America's Most Responsible and Most Trustworthy Companies [6] - The company introduced Winnebago Connect™, integrating smart technology with sustainability to enhance the RV experience [6] - A year-round, employee-driven community engagement program was launched, featuring an interactive app, tracking features, and rewards [6] Company Overview - Winnebago Industries is a leading North American manufacturer of outdoor recreation products, including motorhomes, travel trailers, fifth-wheel products, powerboats, pontoons, and commercial community outreach vehicles [5] - The company operates under brands such as Winnebago, Grand Design, Chris-Craft, Newmar, and Barletta, with facilities in Iowa, Indiana, Minnesota, and Florida [5] - Winnebago Industries is committed to advancing sustainable innovation and leveraging vertical integration in key component areas [5]

MIDDLEBURY, Ind., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Campers and RV enthusiasts of all types can be the first to see the latest innovation in RVs in Florida this week. Grand Design RV® announced today the consumer debut of the highly anticipated Lineage® Series F Super C motorhome at the 2025 Florida RV Super Show, held January 15-19, in Tampa, Florida. The Series F sets new standards in the Super C RV class and represents the second coach in Grand Design’s Lineage motorized RV lineup, following the much-ant ...

Pack’s appointment follows retirement of Richard Moss after seven years of service to Winnebago Industries’ Board of DirectorsEDEN PRAIRIE, Minn., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, today announced the appointment of Mike Pack, a senior executive for Oshkosh Corporation, to its board of directors, effective January 8, 2025. “Winnebago Industries is committed to continuing to be the trusted leader in outdoor recreat ...