EDEN PRAIRIE, Minn., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading manufacturer of outdoor recreation products, has been named to the list of America’s Most Responsible Companies 2025 by Newsweek. This is the third consecutive year Winnebago Industries has been recognized for its extensive corporate social responsibility efforts and excellence in prioritization of environmental, social, and corporate governance (ESG) initiatives. “At Winnebago industries, our commitment ...

The last couple of years have been a great time for the stock market. But not every company has benefited tremendously. As an example, take Winnebago Industries, Inc. (NYSE: WGO ), a business that produces and sells recreationalCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow ...

A month has gone by since the last earnings report for Winnebago Industries (WGO) . Shares have added about 12% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Winnebago due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Winnebago Q4 Earnings Lag Estimates, Fall Y/Y  ...

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- November 7, 2024. 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. If you invested in Winnebago securities, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/winnebago-industrie ...

Winnebago Industries (WGO) shares rallied 5.9% in the last trading session to close at $61.64. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.5% gain over the past four weeks.Shares of WGO jumped yesterday, aligning with the broader market surge following Donald Trump's election victory. Investors are optimistic about potential economic growth under his leadership.  As WGO operates in a highly cyclical ind ...

EDEN PRAIRIE, Minn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, is proud to showcase the latest innovation from its marine brands, Barletta Pontoon Boats and Chris-Craft at the Fort Lauderdale International Boat Show in Fort Lauderdale, FL, October 30 – November 3. Barletta, the fastest-growing pontoon boat maker in the segment, will feature a line-up of Coastal Edition premium pontoons, ready for big water, including the indus ...

NEW YORK, Oct. 27, 2024 (GLOBE NEWSWIRE) -- 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. If you invested in Winnebago securities, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/winnebago-industries-inc/. Why Did Wi ...

Core Insights - Winnebago Industries (WGO) reported adjusted earnings of 28 cents per share for Q4 fiscal 2024, missing the Zacks Consensus Estimate of 91 cents and declining 82.3% year over year [1] - The company generated revenues of $720.9 million for the quarter, falling short of the Zacks Consensus Estimate of $726 million and down 6.5% year over year [1] Segmental Performance - **Towable RV**: Revenues decreased 7.2% year over year to $317 million, missing the estimate of $346 million. Total deliveries increased 6.1% to 8,183 units, exceeding the estimate of 7,819 units. Adjusted EBITDA fell 52% to $20.6 million, below the estimate of $33 million. Backlog was $137.1 million (4,850 units), down 34% [2] - **Motorhome RV**: Revenues slid 3.1% year over year to $308 million, missing the estimate of $311 million. Total deliveries fell 2.8% to 1,545 units, below the estimate of 1,580 units. Adjusted EBITDA decreased 42% to $13 million, missing the estimate of $20 million. Backlog was $234.4 million (897 units), down 66% [3] - **Marine**: Revenues totaled $80.5 million, down 16.6% year over year, missing the estimate of $87 million. Total deliveries decreased 10.3% to 1,042 units, below the estimate of 1,067 units. Adjusted EBITDA fell 45.7% to $5.5 million, missing the estimate of $6.8 million. Backlog was $260 million (3,403 units), up 33.5% [4] Financials & Outlook - As of August 31, 2024, Winnebago had cash and cash equivalents of $331 million, with long-term debt increasing to $637 million from $592.4 million a year prior. The company repurchased shares worth $10 million and paid a dividend of 34 cents per share [5] - For fiscal 2025, Winnebago expects consolidated revenues in the range of $2.9 billion to $3.2 billion, with adjusted EPS estimated between $3.00 and $4.50 [5] Peer Releases - Thor Industries reported earnings of $1.68 per share for Q4 fiscal 2024, beating the estimate of $1.35, with revenues of $2.53 billion, surpassing the estimate of $2.46 billion but down 7.4% year over year. Thor projects fiscal 2025 consolidated net sales between $9 billion and $9.8 billion [6] - REV Group reported earnings of 48 cents per share for Q3 fiscal 2024, beating the estimate of 44 cents. Revenues of $579.4 million missed the estimate by 7.1%, compared to year-ago revenues of $680 million. REV Group expects fiscal 2024 net sales in the range of $2.35 billion to $2.45 billion [7]

Financial Performance - Net revenues for Fiscal 2024 decreased to $2,973.5 million, a decline of 14.8% from $3,490.7 million in Fiscal 2023[125] - Gross profit fell to $433.5 million, representing 14.6% of revenues, down from 16.8% in the previous year, a decrease of 26.0%[125] - Operating income dropped significantly to $100.2 million, a decline of 66.7% compared to $300.7 million in Fiscal 2023[125] - Net income for Fiscal 2024 was $13.0 million, down 94.0% from $215.9 million in Fiscal 2023[125] - Adjusted EBITDA for Fiscal 2024 was $190.6 million, a decrease of 46.2% from $354.7 million in Fiscal 2023[129] - Basic earnings per share dropped to $0.44 from $7.12, reflecting a decline of 93.8% year-over-year[194] Segment Performance - Towable RV segment net revenues decreased to $1,318.8 million in 2024 from $1,415.3 million in 2023, a decline of 6.8%[131] - Adjusted EBITDA for the Towable RV segment fell to $122.4 million, representing a margin of 9.3%, down from $172.1 million and 12.2% in the previous year[131] - Motorhome RV segment net revenues dropped to $1,279.8 million in 2024, an 18.0% decrease from $1,560.1 million in 2023[134] - Adjusted EBITDA for the Motorhome RV segment decreased to $73.7 million, with a margin of 5.8%, down from $142.0 million and 9.1% in 2023[134] - Marine segment net revenues fell to $325.5 million in 2024, a decline of 30.7% from $469.7 million in 2023[138] - Adjusted EBITDA for the Marine segment decreased to $25.6 million, with a margin of 7.9%, down from $60.5 million and 12.9% in the previous year[138] Expenses and Costs - Cost of goods sold decreased to $2,540.0 million, representing 85.4% of revenues, down from 83.2% in the previous year[125] - Selling, general, and administrative expenses increased to $280.0 million, accounting for 9.4% of revenues, up from 7.7% in Fiscal 2023[125] - Advertising costs for Fiscal 2024 were $21.9 million, compared to $21.3 million in Fiscal 2023 and $23.3 million in Fiscal 2022[226] Cash Flow and Working Capital - Total cash provided by operating activities was $143.9 million in 2024, a significant decrease from $294.5 million in 2023[141] - Working capital as of August 31, 2024, was $584.0 million, down from $600.7 million as of August 26, 2023[147] Impairments and Charges - The company recognized a $30.3 million goodwill impairment charge related to the Chris-Craft reporting unit during the fourth quarter of Fiscal 2024[118] - The company recorded a $30.3 million impairment charge for the Chris-Craft reporting unit, representing the full goodwill balance attributable to that unit[162] - Goodwill impairment recorded was $30.3 million, with no prior year comparison available[199] Assets and Liabilities - Total assets as of August 31, 2024, were $2,384.2 million, a decrease from $2,432.4 million in the previous year[197] - Total liabilities increased to $1,110.9 million from $1,064.3 million, indicating a rise of 4.4%[197] - The product warranty accrual for Grand Design was $78.9 million, down from $97.8 million, reflecting a decrease of 19.0%[197] Debt and Financing - The company issued $350.0 million in aggregate principal amount of 3.25% unsecured convertible senior notes due 2030, with net proceeds of approximately $339.8 million after transaction fees[272] - The company repurchased $240.7 million of 2025 Convertible Notes, incurring a loss of $32.7 million on the repurchase[119] - The total debt increased from $600.0 million in 2023 to $709.3 million in 2024, with long-term debt net value rising to $637.1 million[266] Internal Controls and Accounting - The company maintains effective internal control over financial reporting as of August 31, 2024, according to the audit opinion[188] - The company’s critical accounting policies and estimates are reviewed with the Audit Committee to ensure transparency and accuracy in financial reporting[156] - The company has not adopted any new accounting standards during the fiscal year ended August 31, 2024, that had a material impact on its consolidated results[229] Future Outlook - The company anticipates capital expenditures of approximately $50.0 million to $60.0 million in Fiscal 2025 to support organic growth and operational improvements[148] - The company anticipates satisfying its short-term and long-term obligations through a combination of cash on hand, operational cash flow, and borrowing capacity[154]

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 ...