Winnebago Industries, Inc., an outdoor lifestyle product manufacturer, reported financial results for the Company’s Fiscal 2023 third quarter. Revenues for the Fiscal 2023 third quarter ended May 27, 2023, were $900.8 million, a decrease of 38.2% compared to $1.5 billion for the Fiscal 2022 period, driven by lower unit sales related to RV retail market conditions and higher discounts and allowances ...
Read More »Tag Archives: Michael Happe
Winnebago CEO named 2023 EY Entrepreneur of the Year
Winnebago Industries, Inc., an outdoor lifestyle product manufacturer, announced that president and CEO, Michael Happe, has been named a winner of the Ernst & Young Entrepreneur of The Year Heartland Award. Honored for bringing a bold vision to Winnebago Industries when he joined the company in 2016, Happe has led the company through a significant evolution driven by organic and ...
Read More »Winnebago Industries to acquire Lithionics Battery
Winnebago Industries, Inc. announced that it has reached a definitive agreement to acquire Lithionics Battery (Lithionics), a lithium-ion battery solutions provider to recreational equipment and specialty vehicle markets. The addition of Lithionics will provide Winnebago Industries with enhanced technological and engineering capabilities to offer consumers more differentiated products with innovative electrical solutions, as well as bring strategic sourcing benefits and ...
Read More »Winnebago reports Q1 2023 results
Winnebago Industries, Inc. recently reported financial results for the Company’s Fiscal 2023 first quarter. Revenues for the Fiscal 2023 first quarter ended November 26, 2022, were $952.2 million, a decrease of 17.6% compared to $1.2 billion for the Fiscal 2022 period, driven by unit volume decreases versus record year-ago comparisons, partially offset by Marine segment unit growth and price increases ...
Read More »Winnebago Industries releases Responsibility Report
Winnebago Industries, Inc. has published its 2022 Corporate Responsibility Report. The report details continued progress across environmental, social and corporate governance (ESG) priorities, including third-party data validation to support the Company’s commitment to net-zero greenhouse gas emissions by 2050 and further advancement of the Company’s approach to inclusion, diversity, equity and action, “All In, Outdoors.” On December 7, Winnebago Industries was ...
Read More »Government data reports outdoor recreation industry generates record numbers
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) has released economic data for 2021 showing the outdoor recreation industry’s impact on the U.S. economy. Outdoor recreation generates $862 billion in economic output and 4.5 million jobs. This is the fifth consecutive year that BEA has released government data on this industry sector. Key highlights from the 2021 data on the ...
Read More »Winnebago Industries to acquire Barletta
Winnebago Industries, Inc. an outdoor lifestyle product manufacturer, announced that it has entered into a definitive agreement to acquire Barletta Pontoon Boats (“Barletta”) for an initial consideration of $255 million in cash and newly-issued Winnebago Industries shares, plus up to $15 million in Winnebago Industries shares upon the achievement of performance milestones at the end of calendar 2021. Certain growth ...
Read More »Winnebago provides Chris-Craft update during earnings call
Corporate executives from Winnebago Industries included a quick update on Chris-Craft during the company’s fourth quarter and fiscal year 2018 conference call. FY 2018 was a tremendous step forward for Winnebago Industries in all aspects – strategically, financially, and culturally, stated President and CEO Michael Happe. “We made strong strides in the journey to transform ourselves into a premier, outdoor ...
Read More »Winnebago Industries acquires Chris-Craft
Winnebago Industries, Inc. has acquired Chris-Craft from Stellican Ltd., which has owned Chris-Craft since 2001. Terms of the transaction were not disclosed. “Chris-Craft is an iconic, premium brand that shares many similarities with our own heritage Winnebago brand, including a commitment to providing customers with the highest quality products and services,” said Winnebago Industries President and Chief Executive Officer Michael ...
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