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Winnebago Industries (WGO)

Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft, and Newmar brands, which are used primarily in leisure travel and outdoor recreation activities. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats. Winnebago Industries has multiple facilities in Iowa, Indiana, Minnesota and Florida. The Company's common stock is listed on the New York Stock Exchange.

Company profile

Ticker
WGO
Exchange
CEO
Michael Happe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Winnebago of Indiana, LLC • Grand Design RV, LLC • Winnebago Industries • Octavius Corporation • Chris-Craft Limited • Chris-Craft USA, Inc. • CC Marine Brand Acquisition LLC • Chris Craft Corporation • CC Property Acquisition LLC • Newmar Corporation ...
IRS number
420802678

WGO stock data

Calendar

22 Jun 22
26 Jun 22
27 Aug 22
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 21 Aug 20 Aug 19 Aug 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 238.07M 238.07M 238.07M 238.07M 238.07M 238.07M
Cash burn (monthly) (no burn) 13.98M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 13.53M n/a n/a n/a n/a
Cash remaining n/a 224.55M n/a n/a n/a n/a
Runway (months of cash) n/a 16.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 May 22 Jacqueline D. Woods Winnebago Stock Units Common Stock Grant Acquire A No No 49.51 455 22.53K 1,140
27 May 22 Maria Favlana Blase Winnebago Stock Units Common Stock Grant Acquire A No No 49.51 505 25K 770
27 May 22 David W Miles Winnebago Stock Units Common Stock Grant Acquire A No No 49.51 859 42.53K 4,567
8 Apr 22 Clark Donald Jeff Common Stock, $.50 par value Grant Acquire A Yes No 54 58,525 3.16M 731,591
25 Feb 22 Jacqueline D. Woods Winnebago Stock Units Common Stock Grant Acquire A No No 63 298 18.77K 685
13F holders Current Prev Q Change
Total holders 270 2 +13400.0%
Opened positions 268 0 NEW
Closed positions 0 267 EXIT
Increased positions 0 1 EXIT
Reduced positions 1 0 NEW
13F shares Current Prev Q Change
Total value 2.94B 67.41M +4268.9%
Total shares 33.73M 2.17M +1454.4%
Total puts 690.8K 0 NEW
Total calls 720.9K 0 NEW
Total put/call ratio 1.0
Largest owners Shares Value Change
BLK Blackrock 6.08M $328.42M NEW
Vanguard 2.81M $151.69M NEW
Cooke & Bieler 2.09M $113.14M NEW
Punch Card Capital 1.68M $66.75M 0.0%
Fisher Asset Management 1.67M $90.16M NEW
Dimensional Fund Advisors 1.47M $79.37M NEW
Punch Card Management 1.16M $62.43M NEW
STT State Street 1.12M $60.24M NEW
JPM JPMorgan Chase & Co. 900.89K $48.68M NEW
Oxford Financial 860.38K $46.49M NEW
Largest transactions Shares Bought/sold Change
BLK Blackrock 6.08M +6.08M NEW
Vanguard 2.81M +2.81M NEW
Cooke & Bieler 2.09M +2.09M NEW
Fisher Asset Management 1.67M +1.67M NEW
Dimensional Fund Advisors 1.47M +1.47M NEW
Punch Card Management 1.16M +1.16M NEW
STT State Street 1.12M +1.12M NEW
JPM JPMorgan Chase & Co. 900.89K +900.89K NEW
Oxford Financial 860.38K +860.38K NEW
GS Goldman Sachs 626.19K +626.19K NEW

Financial report summary

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Competition
Thor IndustriesREV
Risks
  • The COVID-19 pandemic has had and may still have a material impact on our business, financial condition, results of operations and cash flows.
  • Our business may be sensitive to economic conditions, including those that impact consumer spending.
  • Credit market deterioration and volatility may restrict the ability of our dealers and retail customers to finance the purchase of our products.
  • If we are unable to continue to enhance existing products and develop and market new or enhanced products that respond to customer needs and preferences, we may experience a decrease in demand for our products and our business could suffer.
  • If we are unable to properly forecast future demand of our products, our production levels may not meet demands, which could negatively impact our operating results.
  • The industries in which we operate is highly competitive. Failure to compete effectively against competitors could negatively impact our business and operating results.
  • If we are obligated to repurchase a substantially larger number of our products in the future than estimated due to dealer default, these purchases could result in adverse effects on our results of operations, financial condition, and cash flows.
  • Our operations are primarily centered in northern IA and northern IN. Any disruption at these sites could adversely affect our business and operating results.
  • Unanticipated changes to our distribution channel customers' inventory levels could negatively impact our operating results.
  • For some of the components used in production, we depend on a small group of suppliers and the loss of any of these suppliers could affect our ability to obtain components timely or at competitive prices, which would decrease our results of operations, financial condition, and cash flows.
  • Increases in raw material, commodity, and transportation costs and shortages of certain raw materials could negatively impact our business.
  • Failure to effectively manage strategic acquisitions and alliances, joint ventures, or partnerships could have a negative impact on our business.
  • If we fail to identify, attract, and retain appropriately qualified employees, including employees in key positions, our operations and profitability may be harmed. Changes in market compensation rates may adversely affect our profitability.
  • Significant product repair and/or replacement costs due to product warranty claims and product recalls could have a material adverse impact on our results of operations, financial condition, and cash flows.
  • Information Systems, Legal and Regulatory Risks
  • We may be subject to information technology system failures, network disruptions, and breaches in data security that could adversely affect our business. Failure to prevent or effectively respond to a breach or system failure could expose our customers', clients', or suppliers' confidential information, and expose us to substantial costs and reputational damage as well as litigation and enforcement actions. In addition, the benefits of our new enterprise resource planning system that is being implemented in the Winnebago Motorhome business may not be realized, or we may incur unanticipated costs or delays, which may result in decreased sales, increased overhead costs, excess or obsolete inventory, and product shortages, causing our business, reputation, financial condition, and operating results to suffer.
  • Our continued success is dependent on positive perceptions of our brands which, if impaired, could adversely affect our results of operations or financial condition. In addition, if the frequency and size of product liability and other claims against us increase, our reputation and business may be harmed.
  • We are subject to certain government regulations that could have a material adverse impact on our business, including changing climate-related regulations that may require us to incur additional costs in order to be in compliance.
  • An impairment in the carrying value of goodwill and trade names could negatively impact our consolidated results of operations.
  • The terms of our notes and other debt instruments could adversely affect our operating flexibility and pose risks of default.
Management Discussion
  • (1)    Percentages may not add due to rounding differences.
  • Fiscal 2020 results were negatively impacted by the unprecedented series of events related to the COVID-19 pandemic, which included the suspension of the Company's manufacturing operations as well as disruptions across our dealer network, supply chain and end consumers during most of the third quarter.
  • Net revenues increased primarily due to organic unit sales growth, the annualized impact from our Newmar acquisition, which took place in the first quarter of Fiscal 2020, price increases and lower discounts and allowances, partially offset by unfavorable segment mix.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: camped, desired, discretionary, diverse, evidenced, field, household, KOA, lifestyle, long, macroeconomic, past, penetration, people, political, published, pursuing, remeasured, secular, sentiment, serve, softening, strength, tailwind, turn
Removed: approach, local, modified, permitted, public, requiring, retrospective

Patents

Utility
Motor home chair lift
22 Mar 22
A motor home seat lift apparatus is provided which is located within the vehicle at the front passenger door, which is foldable to a storage location adjacent to the dashboard and forward of the front passenger seat, and which unfolds for usage to place a lift seat adjacent to the level of the front passenger seat, from which a user can slide onto (or off of) the lift seat.
Utility
Towable trailers and motorized homes with an exoskeleton
22 Feb 22
A trailer includes a housing including an internal frame and an external frame.
Utility
Recreational vehicle with underbody insulation
1 Feb 22
A recreational vehicle includes an interior space having a floor, a first insulating member located below the floor, a second insulating member located below the floor, a chassis located at least in part between the floor and the first insulating member and the floor and the second insulating member, a first enclosed volume defined by the floor, the chassis and the first insulating member, a second enclosed volume defined by the floor, the chassis and the second insulating member, an air flow path between the first enclosed volume and the second enclosed volume, and an air flow path between the interior of the recreational vehicle and the first enclosed volume.
Utility
Floor joint for multiple room connection for vehicles
2 Nov 21
A joint is connected between floors of a vehicle that are movable relative to each other.
Utility
Sofa bed
14 Sep 21
A sofa bed is configured to be switched between a sofa configuration and a bed configuration.