TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce the closing of the first tranche of a non-brokered private placement for aggregate gross proceeds of approximately $5,015,000 consisting of the sale of: (i) 8,063,000 common shares in the capital of the Company (“Common Shares”) that qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act”) at a price of C$0.26 per share (each an “FT ...

| --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------|-------|---------------------------------------------|-------|--------------------------| | Changes in the product warranty liability are as follows: \n(in millions) Balance at beginning of period | $ | Three Months Ended November 30, 2024 \n78.9 | $ | November 25, 2023 \n97.8 | | Provision | | 20.5 | | 18.4 | | Claims paid | | (26.9) | | (24.4) | | Balance at end of ...

Financial Data and Key Metrics Changes - Revenues decreased by 18% compared to Q1 of fiscal 2024, driven by lower unit volumes in the towable and motorized RV segments and a reduction in average selling prices (ASPs) due to a shift in product mix [25][32] - Consolidated Q1 adjusted EBITDA margin was down from the prior year period [26] - Operating expenses increased by 1.3% from Q1 last year, primarily due to increased spending related to Grand Design Motorhome, Barletta, and Lithianix businesses [26] Business Line Data and Key Metrics Changes - Towable RV segment revenues decreased due to lower unit volume and a shift towards lower price point models, with segment adjusted EBITDA down as well [27] - Motorhome RV segment revenues were down due to lower unit volume related to market conditions, with segment adjusted EBITDA also decreasing [29] - Marine segment revenue increased year-over-year due to targeted price increases and higher unit volume, with adjusted EBITDA margin improving by 110 basis points to 9.3% [30] Market Data and Key Metrics Changes - Industry-wide RV shipments were up 2.4% year-over-year in October, marking the first positive retail comps after forty consecutive months of declines [14] - Wholesale RV shipments through October stood at approximately 287,000 units, up 7.7% year-to-date compared to the same period in 2023 [15] - Total market share declined by fifty basis points to 10.9% compared to the same period in the prior year [17] Company Strategy and Development Direction - The company is focused on long-term growth while navigating current challenges, introducing more affordable and innovative products across its portfolio [35] - Emphasis on operational efficiency, managing SG&A aggressively, and aligning production rates to demand [36] - Strategic investments are prioritized to drive long-term growth and value, including consolidating plants to lower fixed operational costs [36] Management Comments on Operating Environment and Future Outlook - Management anticipates an improved demand landscape in the second half of the year, with recent signs of consumer confidence beginning to pick up [10] - The company is positioned well for a market recovery, with healthy balance sheets and prudent capital spending [11] - Despite challenges, management remains optimistic about the potential for a positive trend in fiscal and calendar year 2025 [71] Other Important Information - The company reported negative free cash flow of $26.7 million in Q1, which is typical for the first half of the year due to seasonality [31] - A quarterly cash dividend of $0.34 per share will be paid, marking the forty-second consecutive quarter of dividends [32] - The company repurchased approximately $30 million worth of stock during the quarter, with $200 million remaining on the repurchase program [32] Q&A Session Summary Question: Dealer health in the RV and marine industries - Management indicated that most dealers are managing through difficult conditions, with low financial implications related to dealer health in Q1 [41][43] Question: Strategy behind undershipping the RV industry - Management focused on maintaining appropriate inventory levels and quality, not correlating retail results to shipment share trends at this time [48][50] Question: Guidance for Q2 and production mix - Management expects warranty costs to improve slightly and ongoing productivity improvements to positively impact margins in Q2 [53] Question: Metrics around Grand Design Motorized - Management confirmed expectations for $100 million in annual sales contribution from Grand Design Motorized, with production ramping up in Q2 [58] Question: Consumer and dealer sentiment - Management noted signs of optimism in consumer confidence and retail trends, with some uptick in dealer appetite for new orders, particularly in the towables business [73] Question: Impact of CARB legislation - Management is actively engaged with CARB regulations and believes they can manage through the impact in fiscal 2025 [96][98] Question: Affordability and insurance premiums - Management noted no significant changes in insurance challenges for RVs, with some anecdotal evidence of boat insurance issues in Florida [131][133] Question: Unit volumes across marine brands - Unit deliveries were slightly positive in Q1, with Barletta being the larger contributor to overall volume [135]

For the quarter ended November 2024, Winnebago Industries (WGO) reported revenue of $625.6 million, down 18% over the same period last year. EPS came in at -$0.03, compared to $1.06 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $674.56 million, representing a surprise of -7.26%. The company delivered an EPS surprise of -118.75%, with the consensus EPS estimate being $0.16.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Key TakeawaysWinnebago Industries reported a surprise first-quarter loss and revenue missed estimates on falling consumer demand and hesitant dealers.The RV maker posted a per-share loss of $0.18, while analysts were expecting a profit of $0.04. Revenue slumped 18% year-over-year to $625.6 million.Winnebago's CEO said the market for its vehicles "remained challenging." Recreational vehicle (RV) maker Winnebago Industries (WGO) posted a surprise quarterly loss Friday as it faced soft consumer demand and caut ...

WINNEBAGO I N D U S T R I E S This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . 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 limited to general economic uncertainty in key markets and a worsening of domestic and global economic conditions ...

Winnebago Industries (WGO) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.16. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -118.75%. A quarter ago, it was expected that this recreational vehicle maker would post earnings of $0.91 per share when it actually produced earnings of $0.28, delivering a surprise of -69.23%.Over the last four quarters, ...

WINNEBAGO INDUSTRIES REPORTS FIRST QUARTER FISCAL 2025 RESULTS Exhibit 99.1 -- Overall Performance Reflects Challenging Outdoor Recreation Market Environment -- -- Barletta Continues to Expand U.S. Aluminum Pontoon Market Share, Driving Growth of Marine Segment -- EDEN PRAIRIE, MINNESOTA, December 20, 2024 -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, today reported financial results for the Company's first quarter fiscal 2025. • Revenues of $625.6 million • Ne ...

-- Overall Performance Reflects Challenging Outdoor Recreation Market Environment -- -- Barletta Continues to Expand U.S. Aluminum Pontoon Market Share, Driving Growth of Marine Segment -- -- Company Repurchases $30 Million of Shares During First Quarter -- -- Fiscal Year 2025 EPS Guidance Range Narrowed; Midpoint Maintained -- EDEN PRAIRIE, Minn., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE:WGO), a leading outdoor lifestyle product manufacturer, today reported financial results fo ...

Winnebago Industries, Inc. WGO will release earnings results for its first quarter fiscal 2025, before the opening bell on Friday, Dec. 20.Analysts expect the Eden Prairie, Minnesota-based company to report quarterly earnings at 20 cents per share, down from $1.06 per share in the year-ago period. Winnebago projects to report revenue of $672.23 million for the recent quarter, compared to $763 million a year earlier, according to data from Benzinga Pro.On Dec. 18, Winnebago announced that the company’s Board ...