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 (LCII) delivers essential components for recreational vehicles and modular housing markets through its OEM and aftermarket segments. This news hub provides investors and industry professionals with authoritative updates on corporate developments directly impacting the RV and transportation manufacturing sectors.
Access real-time announcements including quarterly earnings, product innovations, and strategic partnerships. Our curated feed ensures you stay informed about chassis system advancements, suspension technology updates, and manufacturing capacity expansions across LCII's 42 North American facilities.
The repository features critical updates across three key areas: operational expansions in component production, technological advancements in vehicle systems, and market position developments within the recreational transport industry. Each update maintains strict compliance with financial disclosure standards.
Bookmark this page for streamlined access to LCII's official communications, including regulatory filings and leadership statements. Combine strategic insights with manufacturing sector expertise through our verified news aggregation system.
LCI Industries (NYSE: LCII) reported strong Q2 2024 results with net sales of $1.1 billion, up 4% year-over-year. Net income increased to $61 million ($2.40 per diluted share), up from $33 million in Q2 2023. EBITDA rose 39% to $123 million, with operating profit margin expanding to 8.6%. The company achieved significant inventory reduction and improved liquidity. Key highlights include:
- Revenue growth in towable RV OEM, Aftermarket, and certain Adjacent OEM businesses
- Strong cash flows from operations of $439 million for LTM ended June 30, 2024
- Inventory reduction of $142 million from Q2 2023
- Improved liquidity with $130 million cash and $373 million credit facility availability
The company's diversification strategy and focus on innovation are driving content growth and margin expansion.
LCI Industries (NYSE: LCII) has scheduled its second quarter 2024 financial results release and conference call for August 6, 2024. The company, which supplies engineered components to OEMs in the recreation and transportation markets, will release results before market open. A conference call and webcast will follow at 8:30 a.m. ET, featuring a Q&A session with institutional investors and analysts.
To join the call, participants can dial (833) 470-1428 (U.S.) or (929) 526-1599 (outside U.S.) using access code 439054. A live webcast will be available on the company's investor website. A replay will be accessible for two weeks via phone and on the company's website.
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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