Latest news with #Barletta
Yahoo
8 hours ago
- Automotive
- Yahoo
Winnebago Industries to Announce Third Quarter Fiscal 2025 Financial Results on June 25, 2025
EDEN PRAIRIE, Minn., June 10, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, plans to issue its third quarter fiscal 2025 financial results before the opening of the New York Stock Exchange on Wednesday, June 25, 2025. At 9:00 a.m. CT, the Company will conduct a conference call hosted by Michael Happe, President and Chief Executive Officer, and Bryan Hughes, Senior Vice President and Chief Financial Officer. You are invited to listen to the call via the 'Investors' section of the Company's website, The event will be archived and available for replay for up to one year. To access the replay, click on About Winnebago Industries Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, Newmar and Barletta brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds high-quality motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles. Committed to advancing sustainable innovation and leveraging vertical integration in key component areas, Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company's common stock is listed on the New York Stock Exchange and traded under the symbol WGO. For access to Winnebago Industries' investor relations material or to add your name to an automatic email list for Company news releases, visit Contacts Investors: Ray Posadasir@ Media: Dan Sullivanmedia@ in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Winnebago shares tumble following preliminary Q3 results
-- Winnebago Industries (NYSE:WGO) stock fell sharply by 10% after the company released its preliminary third quarter fiscal 2025 results, which did not meet analysts' expectations. The leading outdoor lifestyle product manufacturer announced ahead of the Baird 2025 Global Consumer Technology & Services Conference that for the quarter ended May 31, 2025, it expects net revenues of approximately $775 million, with reported earnings per diluted share in the range of $0.55 to $0.65 and adjusted diluted earnings per share between $0.75 and $0.85. Analyst consensus had anticipated a higher Q3 EPS of $1.37 on revenue of $810.4 million. Winnebago's President and CEO Michael Happe attributed the weaker-than-expected performance to growing macroeconomic uncertainties that dampened consumer sentiment and led to a cautious dealer network, particularly in the final two months of the quarter. Happe noted that market pressures were most pronounced in the Winnebago Motorhomes business unit, prompting the company to take significant steps to manage inventory, align production with market demand, and prepare for a stronger product offering in the future. Despite the challenges in the motorhomes unit, Happe highlighted positive developments in other areas of the business. He pointed out that Grand Design Towables is gaining market share in the travel trailer segment, and the launch of the Grand Design Lineage series motorhome products is generating strong dealer and consumer demand. Furthermore, Newmar's Class A diesel market share has surpassed 30%, and the expansion of its product line-up is expected to bode well for the future. Additionally, the marine segment, including Barletta premium pontoons and Chris-Craft luxury runabouts, continues to see retail market share gains. Winnebago plans to update its full-year fiscal 2025 outlook during its third quarter fiscal 2025 financial results conference call scheduled for June 25, 2025. The company's leadership remains focused on managing the business proactively to generate profitable growth over the long term, despite the near-term challenges. Related articles Winnebago shares tumble following preliminary Q3 results Tokyo CPI steady in May, core inflation rises past expectations to over 2-yr high Japan CPI grows more than expected in April as wage hikes boost spending Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Route 6/10 contractor settles environmental violations with state for $11M; criminal charges dropped
Signs pointing towards Routes 6 and 10, along with Interstate 95, in Providence's Silver Lake neighborhood. The neighborhood is one of three where children will have priority for dental care with funds secured by Rhode Island Attorney General Peter Neronha in a settlement with Barletta Heavy Division Inc. of Canton, Mass. (Photo by Christopher Shea/Rhode Island Current) The Massachusetts company accused of dumping thousands of tons of contaminated soil during construction of the Route 6/10 Interchange in Providence and lying about it has paid $11 million to settle criminal charges set to go to trial next month. Nearly all the money will go toward funding dental care for Providence children living in neighborhoods near the highway, Rhode Island Attorney General Peter Neronha said in announcing the settlement with Barletta Heavy Division Inc. during a news conference at his Providence office Wednesday. The settlement was signed May 15. Complaints over contaminated soil surfaced in the summer of 2020 after workers voiced concerns about excessive dust. Barletta, based in Canton, Massachusetts, claims such allegations were the result of a scheme involving extortion and bribery by its now-defunct competitor, Cardi Corp. The AG's office filed criminal charges against Barletta in early 2023 after the company had agreed to pay $1.5 million to settle federal charges over the issue. The state charged Barletta with two counts of illegal disposal of solid waste, one count of operating a solid waste management facility without a license, and one count of providing a false document to a public official. Neronha said the $1.5 million federal fine wasn't enough to deter future use of contaminated fill in Rhode Island. 'For there to be any hope that Barletta learned their lesson, they would have to pay a lot more,' Neronha said. Under the settlement, Barletta will contribute $10 million toward a newly-created Attorney General's 6/10 Children's Fund, which will be managed by the Rhode Island Foundation to address health needs and concerns of children in Providence. Priority will be given to children living in the Olneyville, Silver Lake and West End neighborhoods. Rhode Island Foundation CEO David Cicilline lauded the state's settlement agreement, noting that Neronha's goal is central to the nonprofit's work. 'Focusing the funding on neighborhoods where health disparities are high won't just close gaps in access to care; the benefits will spill over into their everyday lives,' Cicilline said in a statement. 'Children who are healthy can concentrate on school, enjoy play and contribute to their communities, creating pathways to a brighter future.' Another $750,000 will go to the AG's office to pay for investigation and prosecution expenses. The remaining $250,000 will go to the Rhode Island Department of Environmental Management, which investigated the contamination claims. 'Getting them to this point was not easy,' Neronha said. 'Barletta knew what it did a long time ago, and it was not necessary for them to take this long.' Under the terms of the settlement, Barletta admitted to all the claims made in a civil complaint filed on Tuesday. The state alleged that Barletta dumped more than 4,500 tons of stone and soil containing arsenic and polycyclic aromatic hydrocarbons (PAHs) from the Pawtucket/Central Falls Commuter Rail Station and a stockpile from Boston's Jamaica Plain neighborhood at the Route 6/10 Interchange construction project. The Route 6/10 project reconstructed the interchange at Interstate 95 and involved replacing or removing seven structurally deficient bridges. The Rhode Island Department of Transportation awarded Barletta a $247 million in 2017 contract to rebuild the interchange. 'It wasn't hazardous, but it was contaminated for certain,' Neronha said of the soil. Barletta attorney Shannon Reilly said the company is eager to move forward from the case, which was scheduled to head to trial in Providence County Superior Court June 9. The case is now permanently closed and cannot be brought back to court. 'With today's settlement agreement and the dismissal with prejudice of all criminal and civil charges in this case, Barletta is pleased to put this matter behind us and looks forward to continuing our long history of successfully and responsibly delivering world class public infrastructure projects,' she said in an emailed statement. 'We will not have any further comment on this matter.' Barletta has claimed it is no longer able to obtain work in Rhode Island because of the use of contaminated soil on the 6/10 project. Neronha cited a 2024 Providence Journal article on rising tooth decay among children in low-income and immigrant neighborhoods in Providence as his motivation for using the settlement funds toward a grant program. 'There's no child in Rhode Island that should face that experience,' Neronha said. 'I want every kid to be proud of their smile.' Neronha said he chose to have money administered by the Rhode Island Foundation rather than go to the state's general fund because he felt Barletta's impact was neighborhood specific, rather than an entire state issue. '$10 million is a lot of money, and I wanted it to be used for kids who are facing a crisis but live in that area,' Neronha said. Unlike multistate lawsuits, the Barletta settlement does not have to go directly into state coffers, Neronha said. He noted his predecessor Peter Kilmartin disbursed proceeds to nonprofit environmental groups from the state's 2017 settlement with Volkswagen over misrepresenting emissions. Neronha said he hopes funds from the Barletta settlement will start covering kids' dental care before his term as the state's top prosecutor wraps up in 2026. 'I've got 18 months to go. I want to see movement,' Neronha told reporters. Details for how the money will be disbursed are still to be determined. Greg Stepka, a North Smithfield-based dentist who attended the press conference, told Rhode Island Current he would like to see the $10 million go toward more community health centers and dental buses that visit schools, along with the creation of a centralized surgical center. 'This is a win-win,' he said. 'The kids need this.' Barletta is among 13 contractors the state is suing for negligent work on the westbound Washington Bridge. Seven defendants, including Barletta, tried to get the case dismissed, but Judge Brian Stern denied their petitions on Feb. 27. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Boston Globe
21-05-2025
- Boston Globe
R.I. settles with Mass. contractor charged with dumping contaminated fill at Route 6/10 construction site
Get Rhode Map A weekday briefing from veteran Rhode Island reporters, focused on the things that matter most in the Ocean State. Enter Email Sign Up 'Companies that treat our state as a dumping ground and place the health and welfare of Rhode Islanders at risk, as Barletta has here, must face real consequences for their unlawful conduct,' Neronha said in a statement. Advertisement Of the money received, $10 million will be directed to the Rhode Island Foundation to establish a new fund to provide dental care for children and teens in Providence neighborhoods closest to the site, particularly Olneyville, the West End, and Silver Lake, Neronha said at a press conference. The attorney general said the idea for the fund came from a desire to have the settlement benefit residents most impacted by dust kicked up around the construction site. Advertisement After some families in the area hired legal counsel and opted not to be part of the settlement, Neronha said he was inspired to put the money toward improving adolescent dental health upon reading a In 2024, one in four Providence elementary and middle school students had unmet dental care needs, Neronha said Wednesday. Dr. Fotini M. Dionisopoulos, president of the Rhode Island Dental Association, said in a statement dentists have 'raised the alarm' about the growing oral health crisis facing the city's children. 'By investing these funds in pediatric dental care, we have the opportunity to change the trajectory of this crisis and bring lasting relief to families who have waited far too long for meaningful support,' Dionisopoulos said. Neronha told reporters that he hopes this $10 million investment is just the start. 'We'll figure out a way to keep this going,' he said. 'I want every kid to have a smile they're proud of.' Of the remaining $1 million, $750,000 will be used to cover investigation and prosecution expenses for Neronha's office, and $250,000 will cover investigation costs for the state Department of Environmental Management, according to officials. Under the terms of the settlement, prosecutors have also dropped three criminal charges filed against Ferreira, who provided a false environmental testing report to the state, pleaded nolo contendere to a charge of giving a false document to an agent, employee, or public official in Providence Superior Court on Wednesday. Advertisement A plea of nolo contendere means the defendant neither accepts nor denies responsibility for the charges, but agrees to accept punishment. The dismissed charges included two counts of disposing of refuse somewhere other than a licensed facility, and operating a solid waste management facility without a license. Judge Maureen B. Keough sentenced Ferreira, 67, of Holliston, Mass., to a one-year suspended prison sentence and one year of probation, records show. In a statement, Barletta said it is 'looking forward to putting the 6/10 matter behind us, getting back to competitively bidding without restriction, and continuing to do what we do best – successfully and responsibly delivering world-class infrastructure projects.' 'This settlement reflects a business decision that is the result of protracted delays in the litigations towards reaching a resolution, combined with the fact that even with what Barletta is sure would have been a positive result at trial, could have and likely would have resulted in appeals by the State and even more prolonged litigation, further continuing the [crippling] effect of this filing on Barletta's continued operation,' the company said. 'Barletta is and has been a responsible contractor in Rhode Island and elsewhere, and of particular note is the fact that there has been no previous, nor even any subsequent, allegations of any such conduct or violations in Barletta's history, including in the five years since these allegations.' State prosecutors first Advertisement The company reached a non-prosecution agreement with federal authorities, through which it was ordered to pay a $500,000 criminal fine. Barletta also settled under the federal False Claims Act for $1 million. Barletta noted on Wednesday the latest settlement 'and the facts admitted … are entirely consistent with the facts previously agreed to in the Federal Non-Prosecution Agreement entered into with the US [Department of Justice] in October of 2022.' The fill in question has since remained at the site: Officials have previously said experts determined trying to dig up and remove it would pose more of a public health risk than leaving it where it is – a point Neronha re-iterated on Wednesday. 'We kind of are where we are,' he said. Work is still underway on the $410 million Route 6/10 project, which involves building nine bridges, including two new ones, according to the state's Material from a previous Globe story was used in this report. Christopher Gavin can be reached at
Yahoo
21-05-2025
- Business
- Yahoo
Massachusetts construction company to pay $11M in illegal dumping case
PROVIDENCE, R.I. (AP) — Rhode Island's top legal chief announced Wednesday that a Massachusetts construction company has agreed to pay $11 million to settle criminal charges that it illegally dumped thousands of tons of contaminated fill in the Ocean State's Capitol city during a highway construction project. According to Attorney General Peter Neronha's office, Barletta Heavy Division Inc. of Canton not only violated state law when it disposed the contaminated fill in Rhode Island but also 'deceived state regulators' when pressed about the source of the fill. Neronha filed state criminal charges against Barletta in early 2023 after the company agreed to pay $1.5 million in a settlement with the federal government over the same construction fill. 'When the federal case against Barletta was resolved some time ago, I strongly believed that Rhode Islanders deserved a better outcome, and so we proceeded with our state case," Neronha said in a statement. 'I am pleased that now, because of our demonstrated willingness to take this case to trial, Barletta has paid an unprecedented monetary amount of $11 million dollars to resolve our case.' Barletta oversaw a $247 million project, that started in 2018, to rebuild the Route 6/10 interchange. The charges involved construction-fill disposal that took place in 2020, where investigators say the company transported backfill from other projects to the Route 6/10 site. The project has since been completed. 'With today's settlement agreement and the dismissal with prejudice of all criminal and civil charges in this case, Barletta is pleased to put this matter behind us and looks forward to continuing our long history of successfully and responsibly delivering world class public infrastructure projects," said Shannon Reilly, an attorney representing Barletta. When the state criminal charges were filed, the company said the soil was 'urban fill " — commonly found in city settings throughout the U.S. The attorney general's office maintained that the fill contained hazardous materials and the company disposed more than 4,500 tons in Rhode Island. "Whether Barletta learns from this experience remains to be seen. But they have paid a heavy price for their unlawful, irresponsible, and deceptive behavior, and deservedly so,' Neronha said. Proceeds of the $11 million settlement will be used to fund dental care services for Providence city youth, Neronha added.
