Welcome to our dedicated page for Lci Inds news (Ticker: LCII), a resource for investors and traders seeking the latest updates and insights on Lci Inds stock.
LCI Industries (NYSE: LCII), through its Lippert subsidiary, regularly issues news and updates as a supplier of engineered components to the outdoor recreation and transportation markets. Its public communications focus on financial performance, capital allocation, acquisitions, and participation in investor events, providing a detailed view of how the company manages its OEM and aftermarket businesses.
News releases frequently cover quarterly financial results, including net sales, segment performance for the OEM and Aftermarket segments, operating margins, and factors affecting profitability such as product mix, material costs, and materials sourcing strategies. Management commentary in these releases discusses market share gains in RV OEM categories, the impact of product innovations, and the role of relationships in the RV aftermarket.
LCI Industries also announces dividends and share repurchases through Business Wire releases. These updates describe regular quarterly cash dividends approved by the Board of Directors and summarize amounts returned to shareholders via dividends and repurchase programs, alongside information on liquidity, cash balances, and credit facility availability.
Another important category of LCII news involves acquisitions and product expansion. For example, the company has reported the acquisition of Leveltron’s Bigfoot Hydraulic Systems business, adding hydraulic leveling solutions and landing gear for motorhomes and certain trailer markets, and the acquisition of Freedman Seating Company, a transportation seating manufacturer. These announcements explain how such acquisitions broaden Lippert’s catalog in core recreation and transportation markets.
In addition, LCI Industries issues releases about its participation in investor conferences and scheduled earnings conference calls, often accompanied by references to investor presentations and webcasts. For investors and analysts following LCII, this news feed provides ongoing insight into the company’s operations, strategic priorities, and communications with the capital markets.
LCI Industries reported a record third quarter 2020, achieving 41% revenue growth to $827.7 million and 91% earnings growth, with net income rising to $68.3 million or $2.70 per share. The growth was driven by strong demand in the RV sector and strategic acquisitions, contributing $99 million to net sales. Adjusted EBITDA reached $119.4 million, a significant increase from last year's $67.9 million. As of September 30, 2020, cash and cash equivalents increased to $68.2 million. LCI expects continued strong performance into 2021, leveraging operational capabilities and innovation.
LCI Industries (NYSE: LCII) is set to publish its financial results for Q3 2020 on November 2, 2020, before market opens. The company will host a conference call at 8:30 a.m. ET on the same day to discuss these results, which will be accessible to institutional investors and analysts. Individual investors and other interested parties can listen to a live webcast via the company’s website. LCI, through its subsidiary Lippert Components, supplies highly engineered components for OEMs in the recreation and transportation sectors.
LCI Industries (LCII) announces the appointment of Joe Thompson as Chief Marketing Officer (CMO) to strengthen its global marketing strategy. Thompson, formerly CMO at CURT Group, brings over 32 years of marketing experience across various companies. His focus will be on creating a world-class marketing organization to enhance customer experience and drive sales across LCI's brands. LCI has already made substantial investments in marketing, aiming to leverage cutting-edge technology for growth. The move intends to unify LCI's marketing efforts and bolster its presence in the aftermarket sector.