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LCI Industries reports developments tied to its Lippert engineered-components business in recreation and transportation markets. The company supplies original equipment manufacturers and aftermarket customers, with product demand connected to RVs and adjacent markets such as trailers, buses, trucks, pontoon boats, manufactured homes and modular housing.
Recurring LCII news covers quarterly results, margin and revenue drivers, OEM production trends, aftermarket growth, content-per-unit metrics, operational efficiency initiatives and capital returns through cash dividends. Company updates also include investor conference participation, earnings call scheduling and other corporate communications affecting its public-company profile.
LCI Industries (NYSE: LCII) has announced a quarterly cash dividend of $0.75 per share of common stock, payable on December 18, 2020, to shareholders of record by December 4, 2020. The company, through its subsidiary, Lippert Components, Inc., supplies engineered components for OEMs in recreation and transportation markets, including RVs, buses, trailers, and more. LCI operates over 90 manufacturing facilities across North America and Europe, emphasizing its broad market reach.
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.