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 ...

TORNOTO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce it has filed a technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects to update the Mineral Resource Estimate (“MRE”) on its 100% owned flagship White Gold Project (“the Project”). The technical report entitled “2024 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada” and dated January 3, 2025 (eff ...

Shares of Winnebago Industries Inc WGO remained under pressure on Monday, after the company reported a higher-than-expected loss for the first quarter.Here are some key analyst takeaways.Roth Capital Partners analyst Scott Stember reiterated a Neutral rating and price target of $56.BMO Capital Partners analyst Tristan Thomas-Martin maintained an Outperform rating and price target of $70.Truist Securities analyst Michael Swartz reaffirmed a Buy rating and price target of $64.Benchmark analyst Michael Albanes ...

Core Insights - Winnebago Industries (WGO) reported a significant decline in revenues and earnings for the first quarter of fiscal 2025, with revenues falling 18% year over year to $625.6 million, missing the Zacks Consensus Estimate of $675 million [6] - The company reaffirmed its fiscal 2025 consolidated revenue guidance in the range of $2.9 billion to $3.2 billion but tightened its adjusted EPS outlook to between $3.10 and $4.40, down from the previous range of $3 to $4.50 [3] Segment Performance - In the Towable RV segment, revenues decreased by 23.2% year over year to $254 million, with total deliveries down 15.7% to 6,616 units, both figures missing estimates [2] - The Motorhome RV segment saw revenues plunge 18.7% year over year to $271.7 million, with total deliveries falling 17.4% to 1,422 units, although this exceeded estimates [11] - The Marine segment reported revenues of $90.5 million, up 3.6% year over year, with total deliveries increasing by 4.7% to 1,171 units, slightly missing estimates [8] Financial Position - As of November 30, 2024, WGO had cash and cash equivalents of $262.5 million and long-term debt of $637.7 million [12] - The company repurchased shares worth $30 million during the quarter and declared a dividend of 34 cents per share [9] Peer Comparisons - REV Group reported fiscal fourth-quarter 2024 revenues of $597.9 million, exceeding estimates, while Thor Industries reported a revenue decline of 14.3% year over year to $2.14 billion, missing estimates [5][14]

Group 1 - White Gold Corp. closed the first tranche of a non-brokered private placement, raising approximately $5,015,000 through the sale of various types of shares [1][3][4] - The offering included 8,063,000 flow-through shares at C$0.26 each, 5,092,593 shares qualifying for a 30% federal tax credit at $0.27 each, and 7,013,182 common shares at C$0.22 each [1][8] - The proceeds from the sale of flow-through shares will be used for Canadian exploration expenses related to the Company's properties in the White Gold District, with a deadline for incurring these expenses by December 31, 2025 [8] Group 2 - The CEO of White Gold Corp. expressed appreciation for the support from shareholders and highlighted the potential of the Company's exploration program for 2025 [2] - The Company owns a portfolio of 15,876 quartz claims across 26 properties, covering approximately 315,000 hectares, representing about 40% of the Yukon’s White Gold District [14] - The flagship White Gold project contains an estimated 1,203,000 ounces of gold in Indicated Resources and 1,116,600 ounces in Inferred Resources [14]

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 ...

Core Viewpoint - Winnebago Industries reported a quarterly loss of $0.03 per share, significantly missing the Zacks Consensus Estimate of $0.16, and a stark decline from earnings of $1.06 per share a year ago [1] Financial Performance - The company posted revenues of $625.6 million for the quarter ended November 2024, which was 7.26% below the Zacks Consensus Estimate and a decrease from $763 million in the same quarter last year [2] - Winnebago has only surpassed consensus revenue estimates once in the last four quarters [2] - The stock has declined approximately 28.8% year-to-date, contrasting with the S&P 500's gain of 23% [3] Earnings Outlook - The estimate revisions trend for Winnebago is currently unfavorable, leading to a Zacks Rank of 5 (Strong Sell), indicating expected underperformance in the near future [5] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $694.06 million, and for the current fiscal year, it is $3.52 on revenues of $3.02 billion [12] Industry Context - Winnebago operates within the Building Products - Mobile Homes and RV Builders industry, which is currently ranked in the bottom 35% of over 250 Zacks industries [6] - Historical data suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than a factor of 2 to 1 [6]

-- 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 ...