Latest news with #Chris-Craft
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
New York Times
5 days ago
- Entertainment
- New York Times
Orien McNeill, Artist Who Made Mischief on the Water, Dies at 46
Orien McNeill, an artist and impresario of New York City's DIY and participatory art community, whose work was experiential, theatrical and ephemeral and took place mostly on the water — think 'Burning Man, but with the possibility of drowning,' as one friend put it — died on May 15 at his home, a 52-foot-long ferryboat docked on a Brooklyn creek. He was 46. His mother, Val Van Cleve, confirmed his death, which was not widely reported at the time. No cause was given. Mr. McNeill was an early pioneer of New York's fetid waterways. He was among the first artists to homestead on the Gowanus Canal, a Superfund site in Brooklyn, which he did two decades ago in a 1953 Chris-Craft boat that he christened the Meth Lab. (It was not a meth lab.) Soon, a cohort of street artists and Dumpster-diving freegans — the anti-consumerist foragers of the late aughts — who might otherwise have been squatting in Brooklyn warehouses, were drawn to the same lawless territory, a last frontier and haven in the ever-gentrifying New York City boroughs. They made art from scavenged materials and held events that harked back to the Happenings of their 1960s predecessors, although the events were intended for no audience but themselves. No critics were summoned, and not much was documented. Mr. McNeill was their pied piper, guru and pirate prankster, who hatched extravagant, loosely organized adventures involving costumes, flotillas of handmade rafts and, once, a pop-up bar on a sinking tugboat. When Caledonia Curry, otherwise known as the artist Swoon, began to conceptualize 'Swimming Cities' — winsome floating contraptions built from salvaged materials that she launched on the Hudson River in 2008 — Mr. McNeill, her classmate from Pratt Institute in Brooklyn, was an inspiration, project architect and co-pilot. Want all of The Times? Subscribe.
Associated Press
13-02-2025
- Automotive
- Associated Press
Barletta Boats and Chris-Craft Recognized by the National Marine Manufacturers Association for Customer Satisfaction Excellence at Miami International Boat Show
EDEN PRAIRIE, Minn., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries (NYSE: WGO), a leading outdoor recreation product manufacturer, announced today that the company's marine brands, Barletta Pontoon Boats and Chris-Craft, have been recognized with 2024 Customer Satisfaction Index (CSI) Awards by The National Marine Manufacturers Association (NMMA) at the 2025 Discover Boating® Miami International Boat Show®. The Marine Industry Customer Satisfaction Awards are presented to manufacturers and dealers who are rated highest in overall satisfaction. These ratings are based on all data collected from customer surveys and is used to help improve the quality of products, develop support programs, track trends, and monitor and advance customer satisfaction efforts. 'We are honored to be recognized by NMMA for achieving and maintaining the highest level of customer satisfaction for 17 years in a row,' said Stephen Heese, president, Chris-Craft. 'We take great pride in the craftsmanship and innovation that goes into every one of our boats, and this results in an exceptional ownership experience for our customers.' The Marine Industry CSI Program currently surveys more than 175,000 new boat owners annually from the participating manufacturers. The CSI Awards program aims to improve the overall customer experience and support long-term growth opportunities for the industry. An independently measured standard of excellence of 90 percent or higher in customer satisfaction over the past program year was achieved for each award segment. 'The NMMA's CSI Awards are universally recognized as the standard for customer satisfaction within the marine industry,' said Jeff Haradine, president of Barletta Boats. 'We are honored to be recognized for the sixth year in a row. This award is a testament to our employees who take great pride in crafting high-quality pontoon boats.' In addition, Chris-Craft's recently announced Sportster 28 model received an Innovation Award honorable mention in the bowrider category. The Innovation Awards program presented at the Discover Boating® Miami International Boat Show® honors manufacturers and suppliers who bring new, innovative products for the boating industry to market. 'Relentless excellence and exceptional experience are two of Winnebago Industries guiding principles,' said Heese. These awards from NMMA are a reflection of our commitment to bring those principles to life every day in our work and in our products. Customer satisfaction is team sport and this wouldn't be possible without our incredibly passionate team and dealer network across the country.' 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 About Chris-Craft Chris-Craft, America's boatbuilder Since 1874, leads the industry in craftsmanship and quality which represents the company's enduring devotion to its proud past. Chris-Craft is headquartered in Sarasota, Florida and has developed the following sterndrive and outboard power boat models for the 2023 Collection: The Launch, Launch GT, Calypso and the Catalina; which range in length from 24 to 35 feet. For more information, please visit: Chris-Craft is a fully owned subsidiary of Winnebago Industries (NYSE: WGO), a 65-year-old manufacturer of innovative outdoor lifestyle products. About Barletta Boats Barletta Boats is a premium marine manufacturer founded in 2017 with a focus on high-quality, innovative products, unrivaled customer experience and strong dealer relationships. Headquartered in Bristol, Ind., Barletta Boats is the fastest-growing company in the pontoon segment with an expansive network of dealer partners across the United States and Canada. The Barletta Boat lineup includes the Reserve, Lusso, Corsa, Cabrio, and Aria series. Visit
