Edition:
India

Recreational Products

Page 1

Winnebago To Shift Class A Diesel Motorhome Manufacturing To Iowa

Monday, 4 Feb 2019

Feb 4 (Reuters) - Winnebago Industries Inc ::WINNEBAGO INDUSTRIES ANNOUNCES STRATEGIC MANUFACTURING TRANSITION FOR DIESEL MOTORHOME BUSINESS.TRANSITION RELATED EXPENSES WILL NEGATIVELY IMPACT BOTH THIRD AND Q4 FISCAL EARNINGS PER SHARE BY APPROXIMATELY $.02.TO SHIFT WINNEBAGO-BRANDED CLASS A DIESEL MOTORHOME MANUFACTURING TO ITS MANUFACTURING CAMPUS IN FOREST CITY, IOWA.TRANSITION IS EXPECTED TO BE ACCRETIVE TO EPS IN FISCAL 2020.EXPECTS TO COMPLETE MANUFACTURING START-UP OF A NEW DIESEL ASSEMBLY LINE IN FOREST CITY DURING Q4 OF ITS 2019 FISCAL YEAR.TRANSITION EXPECTED TO GENERATE INCREMENTAL OPERATING INCOME BENEFIT OF ABOUT $4 MILLION IN ANNUALIZED, RUN-RATE EFFICIENCIES BY FISCAL 2021.ANTICIPATED FOLLOWING TRANSITION, APPROXIMATELY 30 POSITIONS WILL REMAIN AT OREGON CAMPUS.THERE ARE APPROXIMATELY 250 POSITIONS CURRENTLY AT JUNCTION CITY FACILITY..ADDITIONAL ASSEMBLY PRESENCE IN FOREST CITY TO RESULT IN PROJECTED INCREASE OF 175 POSITIONS AT SITE BY END OF FISCAL YEAR 2020.

LCI To Acquire Furniture Manufacturing Business Of Smoker Craft Inc

Saturday, 1 Dec 2018

Nov 30 (Reuters) - LCI Industries ::LCI TO ACQUIRE THE FURNITURE MANUFACTURING BUSINESS OF SMOKER CRAFT, INC..LCI INDUSTRIES - DEAL FOR $28.0 MILLION.LCI INDUSTRIES - PURCHASE PRICE WAS PAID AT CLOSING FROM BORROWINGS UNDER LCI'S $325 MILLION LINE OF CREDIT.LCI INDUSTRIES - FIRST YEAR REVENUE FOR MARINE FURNITURE BUSINESS ACQUIRED FROM SMOKER CRAFT IS ESTIMATED TO BE APPROXIMATELY $35.0 MILLION..LCI INDUSTRIES - PARTIES ENTERED INTO A LONG-TERM SUPPLY AGREEMENT AS PART OF TRANSACTION.LCI INDUSTRIES - PARTIES ENTERED INTO A LONG-TERM SUPPLY AGREEMENT AS PART OF TRANSACTION..LCI INDUSTRIES - EXPECT THIS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO LCI'S EARNINGS.LCI INDUSTRIES - ANTICIPATE THAT SMOKER CRAFT FURNITURE MANUFACTURING BUSINESS WILL REMAIN IN NEW PARIS WHILE CO TRANSITIONS OPERATION.

Markets

  • Sectors
  • Asia
  • U.S.
  • Europe

Sector Summary