Lci Inds Stock Price, News & Analysis

LCI Industries (LCII) reported strong Q1 2025 financial results with net sales of $1 billion, up 8% year-over-year. The company achieved net income of $49.4 million ($1.94 per diluted share), a 35% increase from Q1 2024. Adjusted net income was $55.6 million ($2.19 per diluted share), up 52%. Key highlights include improved operating profit margin of 7.8%, Adjusted EBITDA of $110.9 million (10.6% of net sales), and $43 million in operating cash flows. The company completed strategic acquisitions of Trans/Air ($75M annual revenue) and Freedman Seating ($125M annual revenue), strengthening its position in the bus market. LCI also refinanced its debt structure, issuing $460M in convertible notes and securing new credit facilities. The company returned $57.6M to shareholders through buybacks and dividends, while maintaining strong liquidity with $231M in cash and $595M available credit.

Lippert, through its subsidiary Lippert Components, has acquired Freedman Seating Company, a historic Illinois-based manufacturer of transportation seating solutions. Freedman, a family-owned business since 1894, specializes in seating for bus, rail, marine, delivery truck, and commercial vehicle markets.

The acquisition strengthens Lippert's position in the transportation sector, following their recent acquisition of Trans Air, a climate control systems manufacturer. Freedman's operations will remain in Chicago, maintaining its local workforce commitments.

Key highlights:

• Freedman has 130+ years of experience in seating solutions
• Lippert gains comprehensive product offering for transportation markets
• Freedman serves bus OEMs, distributors, government, and municipalities
• Combined companies represent nearly 200 years of family leadership

LCI Industries (NYSE: LCII), a leading supplier of engineered components to the recreation and transportation markets, has scheduled its first quarter 2025 financial results release and conference call. The company will announce its Q1 2025 results before market opening on Tuesday, May 6, 2025.

The conference call is set for 8:30 a.m. ET and will include a Q&A session with institutional investors and analysts. Participants can join via phone using the following details:

• U.S. participants: (833) 470-1428
• International participants: (929) 526-1599
• Access code: 255011

A live webcast and supplemental earnings presentation will be available on the company's investor website. A two-week replay will be accessible via phone and the company's website.

LCI Industries (NYSE: LCII), a key supplier of engineered components for recreation and transportation markets, has announced its participation in the 37th Annual Roth Conference. The event will take place from March 17-18, 2025, at the Laguna Cliffs Marriott Resort & Spa in Dana Point, California.

The company will engage in a fireside chat and conduct one-on-one meetings with institutional investors and analysts during the conference. Interested parties should contact Roth Capital Partners for attendance details.

LCI Industries (NYSE: LCII) has priced a $400 million offering of 3.00% convertible senior notes due 2030 in a private placement. The notes will mature on March 1, 2030, with interest payable semi-annually starting September 1, 2025.

The initial conversion rate is 8.5745 shares per $1,000 principal amount (equivalent to $116.62 per share), representing a 27.5% premium over the March 11, 2025 closing price of $91.47. The company expects net proceeds of approximately $388.5 million, which will be used to:

• Fund convertible note hedge transactions ($34.8 million)
• Repurchase $368.0 million of existing 1.125% convertible notes due 2026
• Repurchase approximately 0.3 million shares of common stock for $28.3 million

The company has also entered into warrant transactions with a strike price of $182.94 per share, representing a 100% premium over the current stock price.

LCI Industries (NYSE: LCII) has announced plans to offer $400 million in convertible senior notes due 2030 through a private placement to qualified institutional buyers. The company is also launching a $400 million senior secured Term Loan B due 2032.

The convertible notes will be unsecured senior obligations with semi-annual interest payments, maturing March 1, 2030. Initial purchasers have an option to buy an additional $60 million in notes. The company plans to use the proceeds to fund convertible note hedge transactions, repurchase a portion of its existing 2026 convertible notes, and buy back up to $50 million of common stock.

The new Term Loan B will be part of a proposed credit facility that includes a $600 million revolving credit facility maturing in 2030. These funds will be used to refinance existing debt under the company's 2018 credit agreement.

LCI Industries (NYSE: LCII), a key supplier of engineered components for recreation and transportation markets, has announced its participation in the Raymond James' 46th Annual Institutional Investors Conference. The event is scheduled for March 3, 2025, at the JW Marriott Orlando Grande Lakes Hotel in Orlando, Florida.

The company's participation will include a fireside chat format discussion and one-on-one meetings with institutional investors and analysts. Interested parties are directed to contact Raymond James for attendance details and additional information about the conference.

LCI Industries (NYSE: LCII), a supplier of engineered components for recreation and transportation markets, has announced a quarterly cash dividend of $1.15 per share of common stock. The dividend will be paid on March 21, 2025, to stockholders of record as of the close of business on March 7, 2025.

LCI Industries (LCII) reported its Q4 and full-year 2024 results, showing improved profitability despite challenging market conditions. Q4 net sales decreased 4% to $803 million, while net income improved to $9.5 million ($0.37 per share) from a loss in Q4 2023. Full-year 2024 saw net sales of $3.7 billion (down 1%), with net income rising 123% to $143 million ($5.60 per share).

The company demonstrated strong operational improvements with EBITDA increasing 35% to $344 million for the full year. Operating profit margin improved to 5.8% from 3.3% in 2023. The company maintained a strong liquidity position with $166 million in cash and $453 million available on its credit facility. January 2025 consolidated net sales showed a 6% increase, driven by 17% growth in RV OEM sales.

The company returned $109 million to shareholders through dividends and reduced debt by $89 million in 2024. Management expressed optimism about modest improvements in the RV market and reaffirmed its target of $5 billion in organic net sales by 2027.