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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), 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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