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) will release its Q1 2023 financial results on May 9, 2023, before market opening. The company, through its subsidiary Lippert Components, provides a diverse range of engineered components for OEMs in the recreation and transportation sectors, including RVs, trailers, and related aftermarket products. A conference call will be held on the same day at 8:30 a.m. ET to discuss the results, with limited participation for institutional investors and analysts. Access to the call is available by phone or via a live webcast on LCI's investor website. A replay will be offered for two weeks after the call. Key participants include CEO Jason Lippert, CFO Lillian Etzkorn, and EVP Brian Hall.
LCI Industries (NYSE: LCII) announced the appointment of Lillian D. Etzkorn as Executive Vice President and Chief Financial Officer effective April 17, 2023. She replaces Brian Hall, who will retire to focus on philanthropy and family but will remain in an advisory capacity for a smooth transition. Etzkorn brings extensive experience in financial leadership from previous roles at Covia, Shiloh Industries, and Dana Holding Corporation. Her appointment is seen as a strategic move to enhance profitability and cash generation for LCI. Jason Lippert, President and CEO, expressed confidence in her ability to drive the company's growth strategy.
LCI Industries (NYSE: LCII) has declared a quarterly cash dividend of $1.05 per share, payable on March 24, 2023, to stockholders of record as of March 10, 2023. The company, through its subsidiary Lippert Components, provides engineered components for original equipment manufacturers in the recreation and transportation sectors. This dividend announcement reflects LCI's commitment to returning value to shareholders while maintaining its business stability in a competitive landscape.
LCI Industries reported its full year 2022 results with record net sales of $5.2 billion, a 16% increase year-over-year, and net income of $395 million or $15.48 per diluted share, up 37% from 2021. EBITDA rose 34% to $682.2 million. However, the fourth quarter witnessed a 26% decline in net sales to $894.3 million and a net loss of $17.1 million resulting in a $(0.68) per diluted share. Challenges were driven by a 40% drop in RV OEM net sales, with a significant drop in North American shipments. Despite these headwinds, the company is optimistic about future growth and expects production normalization in 2023.
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