Welcome to our dedicated page for LCI Industries news (Ticker: LCII), a resource for investors and traders seeking the latest updates and insights on LCI Industries stock.
LCI Industries (LCII) is a key player in the manufacturing sector, primarily serving the recreational vehicle (RV) and adjacent industries. Operating through its subsidiary, Lippert Components, Inc. (LCI®), the company supplies a wide range of components from its 42 manufacturing facilities located throughout the United States and Canada. These components are critical for leading manufacturers of RVs, buses, trailers, pontoon boats, manufactured housing, modular housing, and factory-built mobile office units.
Product Portfolio: LCI Industries' extensive product lineup includes steel chassis, axles, suspension solutions, slide-out mechanisms, thermoformed bath and kitchen products, windows, stabilizer and leveling systems, chassis components, furniture, mattresses, entry and ramp doors, electronic steps, awnings, slide toppers, LED televisions, sound systems, navigation systems, wireless backup cameras, and various electronic components. This diverse range of products highlights the company's versatility and its comprehensive service to the RV and adjacent industries.
Business Segments: The company operates through two main segments: the Original Equipment Manufacturers (OEM) segment and the Aftermarket segment. The OEM segment caters to the manufacturers of RVs and related industries, such as buses, trailers, trucks, pontoon boats, trains, manufactured homes, and modular housing. Major clients include Thor Industries, Forest River, Winnebago, and other prominent RV OEMs. The Aftermarket segment focuses on providing components and accessories directly to consumers and dealerships for RV maintenance and enhancement.
Financial Performance: LCI Industries has demonstrated consistent financial growth, buoyed by a robust demand for RVs and related products. Strategic partnerships, a comprehensive product range, and a strong presence in both OEM and aftermarket segments have solidified the company's market position.
Recent Developments: LCI Industries continually innovates and expands its product offerings to meet evolving market demands. Recent projects and achievements reflect the company's commitment to enhancing the RV experience and supporting adjacent industries with advanced, reliable components.
Conclusion: With a solid foundation and a commitment to quality, LCI Industries stands as a significant contributor to the RV industry and beyond, providing essential components that ensure safety, comfort, and convenience for consumers.
LCI Industries (NYSE: LCII) has announced a quarterly cash dividend of $1.15 per share of common stock. The dividend will be paid on December 13, 2024, to shareholders recorded as of November 29, 2024. This announcement comes from the Board of Directors of the company, which supplies engineered components to the recreation and transportation markets.
LCI Industries (NYSE: LCII) reported its third quarter 2024 financial results, showcasing a mixed performance amidst a challenging market. Net sales were $915 million, down 5% YoY. Net income rose to $36 million ($1.39 per diluted share), a 38% increase YoY. EBITDA was $85 million, up 8% YoY, with an operating profit margin of 5.9%, up from 4.8% in Q3 2023.
The company maintained a strong liquidity position with $161 million in cash and $383 million available on its revolving credit facility.
Despite a 12% decline in marine sales and a 3% drop in North American RV production, LCI saw market share gains in several segments. Operating cash flow reached $402 million over the last twelve months.
LCI paid a quarterly dividend of $1.05 per share, totaling $27 million.
October 2024 sales were approximately $330 million, down 4% YoY.
LCI Industries (NYSE: LCII), a leading supplier of engineered components to the recreation and transportation markets, has announced its third quarter 2024 financial results release and conference call schedule. The company will release its financial results before the market opens on Thursday, November 7, 2024.
A conference call and webcast will be held on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session with institutional investors and analysts. Participants can join the call by dialing (833) 470-1428 in the U.S. or (929) 526-1599 for those outside, using access code 630651. An online webcast and supplemental earnings presentation will be available on the company's investor website.
A replay of the conference call will be accessible for two weeks by dialing (866) 813-9403 (U.S.) or (44) 204-525-0658 (outside U.S.) with access code 625624. The webcast replay will be available on the company's website immediately after the call concludes.
LCI Industries (NYSE: LCII) has declared a regular quarterly cash dividend of $1.05 per share of common stock. The dividend will be payable on September 13, 2024, to stockholders of record at the close of business on August 30, 2024. LCI Industries, through its wholly-owned subsidiary Lippert Components, supplies a wide range of engineered components to leading OEMs in the recreation and transportation markets, as well as their related aftermarkets. This dividend announcement demonstrates the company's commitment to providing consistent returns to its shareholders.
LCI Industries (NYSE: LCII) reported strong Q2 2024 results with net sales of $1.1 billion, up 4% year-over-year. Net income increased to $61 million ($2.40 per diluted share), up from $33 million in Q2 2023. EBITDA rose 39% to $123 million, with operating profit margin expanding to 8.6%. The company achieved significant inventory reduction and improved liquidity. Key highlights include:
- Revenue growth in towable RV OEM, Aftermarket, and certain Adjacent OEM businesses
- Strong cash flows from operations of $439 million for LTM ended June 30, 2024
- Inventory reduction of $142 million from Q2 2023
- Improved liquidity with $130 million cash and $373 million credit facility availability
The company's diversification strategy and focus on innovation are driving content growth and margin expansion.
LCI Industries (NYSE: LCII) has scheduled its second quarter 2024 financial results release and conference call for August 6, 2024. The company, which supplies engineered components to OEMs in the recreation and transportation markets, will release results before market open. A conference call and webcast will follow at 8:30 a.m. ET, featuring a Q&A session with institutional investors and analysts.
To join the call, participants can dial (833) 470-1428 (U.S.) or (929) 526-1599 (outside U.S.) using access code 439054. A live webcast will be available on the company's investor website. A replay will be accessible for two weeks via phone and on the company's website.
LCI Industries (NYSE: LCII), through its subsidiary Lippert Components, Inc., provides engineered components for OEMs in the recreation and transportation markets. The company announced a regular quarterly cash dividend of $1.05 per share of common stock. The dividend will be payable on June 14, 2024, to shareholders recorded by May 31, 2024.
LCI Industries reported first quarter 2024 results with net sales of $968 million, down 1% year-over-year, net income of $37 million, and EBITDA of $90 million. The company acquired CWDS, expanding its furniture portfolio. Despite lower marine sales, the OEM segment saw increased RV sales. Aftermarket segment operating profit margin increased to 11.8%. The company remains focused on reducing inventory and improving cash generation while investing in R&D and returning capital to shareholders.
LCI Industries, under its subsidiary Lippert Components, Inc., has acquired the furniture business assets of CWDS, , a Camping World subsidiary. This strategic move aims to enhance Lippert's furniture portfolio for RV and marine OEM and aftermarket customers, creating immediate synergies and improving the overall customer experience.
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