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LCI Industries - LCII STOCK NEWS

Welcome to our dedicated news page for LCI Industries (Ticker: LCII), a resource for investors and traders seeking the latest updates and insights on LCI Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LCI Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LCI Industries's position in the market.

Rhea-AI Summary
LCI Industries, a supplier of highly engineered components for OEMs in recreation and transportation markets, will release its first-quarter 2024 financial results on May 8, 2024. A conference call will follow to discuss the results and business matters, with access for institutional investors and analysts.
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National Philanthropic Trust (NPT) appoints Linda K. Myers as the new chair of the Board of Trustees. Myers, a renowned attorney, brings extensive experience in law and governance to the role. She has served on NPT's board since 2020 and held key positions within the organization. Myers's background in debt financing and corporate leadership positions her well for the role. Her impressive accolades and industry recognition further validate her appointment.
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LCI Industries (LCII) declares a regular quarterly cash dividend of $1.05 per share of common stock, payable on March 22, 2024, to stockholders of record on March 8, 2024.
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LCI Industries (NYSE: LCII) reported fourth quarter and full year 2023 results, highlighting a net sales decrease of 6% in Q4 and 27% for the full year. Despite challenges in the RV and marine markets, the Aftermarket Segment showed growth. The company's focus on diversification and operational discipline contributed to profitability. With a strong balance sheet, LCI Industries aims for long-term growth through innovation and new product launches.
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LCI Industries (LCII) provided preliminary unaudited financial results for the fourth quarter of 2023, expecting net sales to be in the range of $832 million to $842 million, compared to $894 million in the same period in 2022. The company anticipates a loss per diluted share to be in the range of $0.04 to $0.14, an improvement from a loss of $0.68 per diluted share in the fourth quarter of 2022. The adverse impact on results was attributed to lower than expected production levels at OEMs in the recreation and transportation markets, particularly in the marine industry. However, the company remains optimistic about an improving trend for RV production and plans to continue strategic investments for long-term profitable growth.
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LCI Industries (LCII) Announces Regular Quarterly Cash Dividend of $1.05 per Share
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LCI Industries reported third quarter 2023 net sales of $1.0 billion, a 15% decrease year-over-year, and net income of $26 million, down 58% year-over-year. Despite the decrease in net sales, the company executed its diversification strategy, with Aftermarket Segment and Adjacent Industries OEM net sales exceeding 56% of total net sales. Cash flows from operating activities were $389 million year-to-date through September 30, 2023, and net repayments of indebtedness were $211 million year-to-date through September 30, 2023. The company paid a quarterly dividend of $1.05 per share, totaling $27 million in the third quarter and $80 million year-to-date.
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LCI Industries to release third-quarter 2023 financial results and host conference call
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LCI Industries approves quarterly cash dividend of $1.05 per share
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LCI Industries

NYSE:LCII

LCII Rankings

LCII Stock Data

2.77B
24.41M
3.62%
108.78%
8.6%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
Link
US
Elkhart

About LCII

from 42 manufacturing facilities located throughout the united states and canada, lippert components, inc. (lci®), a subsidiary of drew industries incorporated (nyse:dw), supplies a broad array of components for the leading manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; manufactured housing; modular housing; and factory-built mobile office units. lippert components products include steel chassis; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen and other products; windows; manual, electric and hydraulic stabilizer and leveling systems; chassis components; furniture and mattresses; entry, luggage, patio and ramp doors; electronic and manual entry steps; awnings and slide toppers; led televisions and sound systems; navigation systems; wireless backup cameras; electronic components; and other accessories. your journey begins her