Winnebago Industries, Inc. (NYSE:WGO) Q3 2020 Earnings Conference Call - Final Transcript

Jun 24, 2020 • 10:00 am ET


Winnebago Industries, Inc. (NYSE:WGO) Q3 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Third Quarter 2020 Winnebago Earnings Conference Call. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Steve Stuber, Director of Investor Relations. Please go ahead.

Steve Stuber

Thank you, operator, and good morning everyone. Thank you for joining us today to discuss our fiscal year '20 third quarter earnings results. I'm joined on the call today by Michael Happe, President and Chief Executive Officer; and Bryan Hughes, Vice President and Chief Financial Officer. 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 third quarter results was issued and posted to our website earlier this morning.

Before we start, I'd like to remind you that certain statements made during today's conference call regarding Winnebago Industries and its operations may be considered forward-looking statements under securities laws. The company cautions you that forward-looking statements involve a number of risks and are inherently uncertain, and a number of factors, many of which are beyond the company's control could cause actual results to differ materially from these statements. These factors are identified in our SEC filings, which I encourage you to read.

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

Michael J. Happe

Thank you, Steve, and good morning to everyone on today's call. It's hard to believe how much has transpired in the last three months since we held a similar event. We sincerely hope that each of you and your families this morning are staying safe and healthy during these unique times. And we especially appreciate your interest in Winnebago Industries and taking the time to join us this morning.

Today, I will briefly share with you what Winnebago Industries has been doing relative to COVID-19 and then provide an overview of our third quarter results and our perspective on the balance of our fiscal year 2020. I'll then turn the call over to Bryan Hughes, who will provide more details on the financial results. I will then return to offer some closing comments before we conclude the call with our Q&A session.

Before we begin today's discussion, I would like to offer a variety of thanks relative to our ongoing navigation of the coronavirus pandemic. First, Bryan and I want to thank our more than 5,000 employees in the Winnebago Industries family of brands for their impressive response to the COVID-19 environment as we continue the process of returning to work in a thoughtful and safe manner.

In the face of uncertainty and dynamic market conditions, our teammates continue to demonstrate resilience, determination and care daily as we balance productivity and efficiency with safety and health. There have been countless moments of inspiration as our employees make cloth mask, face shields, contribute to fellow employees' assistance funds and engage our communities with acts of charity to help