Winnebago Industries, Inc. (NYSE:WGO) Q4 2023 Earnings Conference Call October 18, 2023 10:00 AM ET
Company Participants
Ray Posadas - Vice President, Investor Relations
Michael Happe - President and Chief Executive Officer
Bryan Hughes - Senior Vice President and Chief Financial Officer
Conference Call Participants
James Hardiman - Citi
Scott Stember - ROTH MKM
Joe Altobello - Raymond James
Tristan Thomas-Martin - BMO
Fred Wightman - Wolfe Research
Bret Jordan - Jefferies
Noah Zatzkin - KeyBanc
Operator
Good day and welcome to the Q4 Fiscal 2023 Winnebago Industries’ Financial Results Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to turn the call over to Ray Posadas, Vice President of Investor Relations and Market Intelligence. You may begin.
Ray Posadas
Good morning, everyone and thank you for joining us today to discuss our fiscal 2023 fourth quarter earnings results. I am joined on the call today by Michael Happe, President and Chief Executive Officer; and Bryan Hughes, Senior Vice President and Chief Financial Officer. This call is being broadcast live on our website at investor.wgo.net and a replay of the call will be available on our website later today. The news release with our fourth 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 maybe 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 Happe
Thanks, Ray. Good morning and as always, thanks for your interest in Winnebago Industries and for taking the time to discuss our fiscal 2023 full year and fourth quarter results. I will provide an overview of performance during the quarter and the full year, then pass the call to Bryan Hughes to cover our financial results in more detail. Following Bryan’s comments, I will return and offer some closing thoughts before the Q&A portion of the call.
The tumultuous consumer outdoor market, which characterized fiscal year 2023 for our company, continued as expected into the fourth quarter as lower dealer deliveries and modest retail demand persisted across the RV and marine industries. Our dealer networks continue to demonstrate discipline as it relates to inventory levels given the current demand environment and an industry-wide focus on selling down prior year model product.