Winnebago Industries, Inc. (NYSE:WGO) Q1 2018 Earnings Conference Call Transcript

Dec 20, 2017 • 10:00 am ET


Winnebago Industries, Inc. (NYSE:WGO) Q1 2018 Earnings Conference Call Transcript


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Good day, ladies and gentlemen, and welcome to the Winnebago Q1 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. (Operator Instructions) As a reminder, this conference call is being recorded.

I would now like to turn the conference over to Steve Stuber, Director of Investor Relations and Financial Planning and Analysis. Sir, you may begin.

Steve Stuber

Thank you, and good morning, everyone, and thank you for joining us for Winnebago Industries' conference call to review the company's results for the fiscal 2018 first quarter, which ended November 25, 2017. I am joined on the call today by Michael Happe, President and Chief Executive Officer; and Bryan Hughes, Vice President and Chief Financial Officer. For those of you who do not know me, I joined Winnebago Industries in October from General Mills to lead the Investor Relations and FP&A functions. I look forward to speaking with and hopefully meeting many of you in the coming months. This call is being broadcast live on our website at and a replay of the call will be available on our website later today. The news release with our first quarter earnings results was issued and posted to our website earlier this morning. (Forward-Looking Cautionary Statements)

With that said, I would now like to turn the call over to our President and CEO, Michael Happe. Mike?

Michael Happe

Thank you, Steve, and good morning to everyone on the call. I know many of you had the opportunity to meet Steve over the past several months and I want to reiterate how pleased we are to have him onboard here at Winnebago Industries. In addition to his primary FP&A responsibilities working within Bryan Hughes' Corporate Finance team, Steve will also lead our Investor Relation efforts engaging with many of you. We are excited to have Steve's skill sets employed here at Winnebago as we continue our journey. I would also like to take this moment and thank Ashis Bhattacharya on his previous stint as Investor Relations' lead here at the Company. Ashis did a fantastic job pinch hitting in a new role for many months as Vice President of Strategic Planning and Business Development. Ashis is now squarely focused again on the growth strategies we must employ to continue rebuilding this organization.

As we have done in the past, I will begin this morning's call with an overview of key drivers for Winnebago Industries' first quarter fiscal year 2018 results and then will turn the call over to Bryan Hughes for more specific details on the financial outcomes for this period. I will return to provide some comments on other critical activities in play here at Winnebago before opening the call for the questions-and-answers session. We have stated simply in the past that we are on a mission here at Winnebago Industries to restore our flagship brand and parent company to market and financial leadership. Fiscal 2017 was