Latest news with #MichaelHappe
Yahoo
3 days 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
05-06-2025
- Automotive
- Yahoo
Winnebago Stock Sinks as RV Maker Reports Weak Preliminary Results
Shares of Winnebago Industries fell sharply Thursday after the recreational vehicle maker posted preliminary fiscal third-quarter results below analysts' estimates. Winnebago said it is "aggressively modifying production schedules and adjusting headcount" due to weak motor-home demand. Shares were down nearly 7% in recent trading and have lost over 30% of their value this of Winnebago Industries (WGO) fell sharply Thursday after the recreational vehicle maker posted preliminary fiscal third-quarter results below analysts' estimates and said it is "aggressively modifying production schedules and adjusting headcount" due to weak motor-home demand. In a press release issued ahead of the firm's participation at the Baird 2025 Global Consumer Technology & Services Conference, Winnebago said for the third quarter ended May 31, it "expects net revenues of approximately $775 million, reported earnings per diluted share in the range of $0.55 to $0.65, and adjusted diluted earnings per share in the range of $0.75 to $0.85." Analysts surveyed by Visible Alpha were expecting revenue of $799.6 million, earnings per share (EPS) of $1.16, and adjusted EPS of $1.28. "What began as an encouraging selling season in March was hampered by growing macroeconomic uncertainty, resulting in worsening consumer sentiment and an increasingly cautious dealer network in the final two months of our fiscal third quarter," CEO Michael Happe said. "In this environment, we have maintained our posture of vigilant inventory management to ensure that production is aligned with current market demand and the needs of our dealer partners." Because of "market pressures" felt most acutely in the Winnebago Motorhomes business, Happe said the company has "initiated a range of strategic actions for the remainder of fiscal 2025 to reduce costs and improve profitability over the coming 2026 fiscal year, including aggressively modifying production schedules and adjusting headcount." Winnebago Industries shares were down nearly 7% in recent trading and have lost over 30% of their value this year. Read the original article on Investopedia 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
05-06-2025
- 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
13-05-2025
- Business
- Yahoo
Winnebago Industries Named One of America's Most Trustworthy Companies by Newsweek for 2025
EDEN PRAIRIE, Minn., May 13, 2025 (GLOBE NEWSWIRE) -- Winnebago Industries (NYSE: WGO) has been recognized by Newsweek as one of America's Most Trustworthy Companies for 2025. This marks the second consecutive year that Winnebago Industries has earned this distinction, reinforcing the company's commitment to integrity, quality, and customer trust. The Newsweek rankings are based on an independent survey of more than 25,000 U.S. consumers, assessing companies on key pillars of trust: customer trust, employee trust and investor trust. 'At Winnebago Industries, we believe that trust is built through unwavering dedication to our employees, customers and communities,' said President and CEO, Michael Happe. 'We are proud to again be recognized as one of the America's most trustworthy companies. This recognition reflects our continued focus on delivering high-quality products, fostering a strong workplace culture, and acting as a strong corporate partner with our key stakeholders.' At Winnebago Industries, trust is more than earned – it's built in the company's DNA. From a culture rooted in innovation and quality craftmanship to a focus on excellence and community impact, Winnebago Industries is guided by a set of core values: Do the Right Thing – Winnebago Industries operates with a long-term view, committed to responsible growth that benefit shareholders, communities, and future generations. Environmental stewardship and ethical governance play a significant role in the company's forward momentum as well as a focus on operating with integrity and accountability. Put People First – The communities where it operates and the stakeholders the company serves are at the center of everything the company does. Winnebago Industries invests in workforce development and safety, belonging and access programs, and supports numerous local initiatives. Leadership believes a value-driven culture leads to a stronger, more resilient organization. Be the Best – With an eye on quality, design and user experience, Winnebago Industries continually pushes the boundaries of what outdoor travel can look and feel like. Whether it's advanced battery systems and power solutions or more accessible RV layouts, innovation is customer-centric and achieving winning results is the company's North star. In addition to being named one of 'America's Most Trustworthy Companies,' Winnebago Industries was also named one of Newsweek's 'Most Responsible Companies in America for 2025.' The company's sixth-annual Corporate Responsibility Report showcases its progress in environmental sustainability, ethical business conduct and community impact. About Winnebago IndustriesWinnebago Industries, Inc. is a leading North American manufacturer of outdoor recreation 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 Media Contact: Daniel Sullivan media@ 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
12-05-2025
- Automotive
- Yahoo
KORE, Robo, Ericsson, and Winnebago Redefine the Open Road with Winnebago Connect™
A Seamless, Smarter RV Experience Powered by IoT Innovation ATLANTA, May 12, 2025 /PRNewswire/ -- KORE, a global leader in Internet of Things ("IoT") Solutions and IoT Connectivity provider, has collaborated with Winnebago and Robo to unveil Winnebago Connect™, a groundbreaking platform that transforms the recreational vehicle (RV) experience through advanced connectivity, intelligent automation and intuitive design. Powered by KORE, Robo, and Ericsson Enterprise Wireless Solutions, Winnebago Connect integrates cutting-edge technologies to deliver a seamless intelligent RV platform. KORE's managed IoT services provide the global connectivity backbone, ensuring reliable access no matter the destination. Robo delivers the software platform that powers the intuitive user interface and intelligent features, while Ericsson contributes high-performance network solutions with dual-carrier Wi-Fi and edge computing. Together, these innovations create an unparalleled ecosystem that empowers RV owners to travel smarter, safer and with greater convenience. "Our work with Winnebago and Robo showcases the potential of IoT to revolutionize industries and enable people to explore the world," said Ron Totton, KORE President and CEO. "Winnebago Connect is more than a product, it is a complete ecosystem that empowers RV owners to travel with confidence and convenience. We cannot wait to see where Winnebago Connect takes RV owners." Winnebago Connect is designed to simplify RV ownership and enhance the travel experience. Its smart notifications and GPS tracking features, powered by software developed by Robo, keep RV owners informed about their vehicle's location and provide real-time alerts to enhance safety and convenience. Remote climate control capabilities allow travelers to adjust their cabin's temperature from anywhere, ensuring comfort for both passengers and pets. Smart energy management optimizes off-grid power usage through intelligent monitoring and automation, enabling extended boondocking adventures. Ericsson's industry-leading Cradlepoint routers power the always-on connectivity of Winnebago Connect. "With Winnebago Connect, we are redefining what it means to explore the open road," said Michael Happe, Winnebago President and CEO. "This platform combines the expertise of Winnebago with Robo's intelligent software and KORE's connectivity to deliver a fully integrated and scalable solution that meets the evolving needs of our customers." About KOREKORE is a pioneer, leader, and trusted advisor delivering mission critical IoT solutions and services. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers' business outcomes. For more information, visit About RoboRobo is a technology company that specializes in intelligent, user-centric software solutions for connected experiences. Focused on bridging the gap between smart devices and everyday life, Robo develops flexible, scalable platforms that bring automation, control, and personalization to a wide range of industries – from RVs to smart homes. For more information, visit About EricssonEricsson's enterprise wireless solutions enable organizations to innovate, operate, and grow anywhere – without constraints. Ericsson NetCloud, Cradlepoint routers, and Enterprise 5G solutions provide the flexibility of public and private 5G, with the zero-trust security of simplified SASE. Visit to learn more. About WinnebagoWinnebago 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 materials visit KORE Media ContactStephen Rana Senior Marketing ManagerEmail: sbell@ View original content to download multimedia: SOURCE KORE 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
