Winnebago Industries (WGO) reported adjusted earnings of 28 cents per share for fourth-quarter fiscal 2024 (ended Aug. 31, 2024), missing the Zacks Consensus Estimate of 91 cents and plunging 82.3% year over year. The recreational vehicle (RV) maker reported revenues of $720.9 million for the quarter under review, which fell short of the Zacks Consensus Estimate of $726 million. The top line also declined 6.5% year over year.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Segmental ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2024; or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to _______________________ Commission File Number 001-06403 WINNEBAGO INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Mi ...

SAN DIEGO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Winnebago Industries, Inc. (NYSE: WGO) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. On September 23, 2024, Hunterbrook Media released an article titled ““Grand Deception”- Winnebago Muzzles Outcry Over Major Problem That Owners Say Makes RVs Dangerous, Untowable, Worthless.” Th ...

I N D U S T R I E S Fiscal 2024 Results Fourth Quarter Earnings Presentation October 23, 2024 Forward Looking Statements 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 eco ...

Winnebago Industries, Inc. (NYSE:WGO) Q4 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Ray Posadas - Vice President, Investor Relations and Market Intelligence Michael Happe - President and Chief Executive Officer Bryan Hughes - Chief Financial Officer and Senior Vice President, Finance, Investor Relations & Business Development Conference Call Participants Joe Altobello - Raymond James Scott Stember - Roth Michael Swartz - Truist Craig Kennison - Baird Tristan Thomas-Marti ...

For the quarter ended August 2024, Winnebago Industries (WGO) reported revenue of $720.9 million, down 6.5% over the same period last year. EPS came in at $0.28, compared to $1.59 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $726.04 million, representing a surprise of -0.71%. The company delivered an EPS surprise of -69.23%, with the consensus EPS estimate being $0.91.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Winnebago Industries (WGO) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -69.23%. A quarter ago, it was expected that this recreational vehicle maker would post earnings of $1.30 per share when it actually produced earnings of $1.13, delivering a surprise of -13.08%.Over the last fo ...

Exhibit 99.1 News Release WINNEBAGO INDUSTRIES REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 RESULTS -- Full Year Operating Cash Flow of $143.9 Million Supports Company's Strategic Growth Investments -- -- $106.8 Million Returned to Shareholders via Repurchases and Dividends in FY 2024, Despite Challenging Market Environment -- -- Leadership Changes at Winnebago Branded Businesses Aimed at Strengthening Market Position -- -- Company Issues Fiscal 2025 Financial Guidance -- EDEN PRAIRIE, MINNESOTA, Octobe ...

Core Insights - Winnebago Industries reported a net loss of $29.1 million in Q4 FY 2024, compared to a net income of $43.8 million in the same quarter last year, reflecting challenges in the retail demand environment and operational inefficiencies [2][7][21] - The company generated $143.9 million in operating cash flow for the full year FY 2024, supporting strategic growth investments and returning $106.8 million to shareholders through repurchases and dividends [1][22] - Leadership changes have been implemented to strengthen the Winnebago branded businesses, aiming to enhance market position and address underperformance [4][24] Financial Performance - Q4 FY 2024 revenues were $720.9 million, a decrease of 6.5% from $771.0 million in Q4 FY 2023, primarily due to product mix and operational challenges [5][7] - Full year FY 2024 revenues totaled $2.9735 billion, down 14.8% from $3.4907 billion in FY 2023, driven by lower unit sales and product mix [9][21] - Gross profit for Q4 FY 2024 was $94.2 million, representing a gross margin of 13.1%, down from 16.5% in the same quarter last year [5][29] Operational Challenges - The RV industry is facing headwinds such as uncertain retail conditions, higher inventory carrying costs, and elevated inventories in the motorhome segment, leading to dealer hesitancy [2][4] - Operating expenses increased by 60.4% in Q4 FY 2024 to $112.0 million, primarily due to a goodwill impairment charge and strategic investments [6][8] - The company reported an operating loss of $17.8 million in Q4 FY 2024, compared to an operating income of $57.5 million in the same quarter last year [6][29] Strategic Initiatives - Winnebago is focusing on product innovation, with recent launches aimed at balancing cutting-edge features with affordability [3][24] - The company anticipates total North American RV wholesale shipments in FY 2025 to be between 320,000 to 350,000 units, with projected revenues of $2.9 billion to $3.2 billion [23][24] - Leadership changes include the appointment of Chris West as President of the Winnebago branded Motorhome and Specialty Vehicles business, and Don Clark as Group President overseeing Winnebago Towables [4][24] Cash Flow and Shareholder Returns - The company returned $106.8 million to shareholders in FY 2024 through dividends and share repurchases, with a quarterly cash dividend increase of 10% approved [1][22] - As of August 31, 2024, cash and cash equivalents were $330.9 million, with total outstanding debt of $696.2 million, indicating strong financial flexibility [21][30]

NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Winnebago Industries, Inc. (NYSE: WGO) resulting from allegations that Winnebago may have issued materially misleading business information to the investing public. So What: If you purchased Winnebago securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arran ...