Winnebago Industries, Inc. (NYSE:WGO) Q3 2019 Earnings Conference Call - Final Transcript

Jun 19, 2019 • 10:00 am ET


Winnebago Industries, Inc. (NYSE:WGO) Q3 2019 Earnings Conference Call - Final Transcript


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Michael J. Happe

work to be done.

Our management team and employees are working relentlessly to make Winnebago Industries a high quality company that investors can place their trust in. We also continue to be extremely active in terms of adding more talent to the team, improving channel relationships and networks across our businesses, and vigorously scanning our industries for possible new acquisition candidates to complement our existing Group of brands.

The strategic and financial benefits of having an expanded, more diversified product portfolio are beginning to translate to more consistent results, and driving incremental growth. We are committed to delivering on our promises and maximizing value for our shareholders and customers in the years to come.

With that, I'll begin to wrap up my comments for today. As always, I would like to end by thanking all our Winnebago Industries' employees for their hard work and flexibility during the quarter, as we navigate ever changing RV and Marine industries, and for helping to transform our company. I had the privilege of spending the last two business days, Monday and Tuesday of this week at four of our campuses within the Motorhome business in North Iowa. Unfortunately, none of you on this call can see what I saw these last two days. And that's why I've never been more bullish on what we're building here long term.

I am optimistic about our future because our teams are sincerely thinking about customer's problems or unmet needs and truly working on differentiated next-generation solutions in the form of new products, many of which are already in the pipeline for the next several years.

I am optimistic, because our employee safety initiatives are taking hold and our workplaces are quickly becoming some of the safest in our industries, improving morale and driving productivity. I am optimistic because of our absolute commitment to product quality and taking care of customers after the sale, if we do get it wrong. Both are true tiebreakers for us.

I am optimistic because of the literally thousands of quick wins or continuous improvement ideas, which are being generated by our teammates at all levels of the organization, and are being executed for the benefit of our business.

I am optimistic because of the increased commitment here in our company to give back to the communities in which our employees live, work and plan, and the many photos of employees, families and friends I've seen participating in those events. These and many other business improvement efforts are what will continue to make Winnebago Industries and our brands, stronger.

Thanks very much for your time today. I will now turn the line back to the operator for the Q&A session.