Lci Inds Stock Price, News & Analysis

LCI Industries (NYSE: LCII) has appointed Linda Myers as an independent director to its Board of Directors. Myers brings extensive legal and financial expertise, having previously served as a partner at Kirkland & Ellis LLP and held leadership roles in various organizations. She will be a member of several committees, including Audit and Risk. Chairman Tracy Graham expressed confidence in her abilities to add value to the company. The Board of Directors consists of multiple experienced members, each serving a one-year term until the next annual election.

LCI Industries, through its subsidiary Lippert, has acquired substantially all the business assets of Way Interglobal Network, a supplier of appliances and electronics for the RV industry. The deal strengthens Lippert's Furrion line, enhancing their R&D capabilities in North America and expanding their warehousing space to 1.6 million square feet. Notably, the Way brand will be discontinued post-acquisition, but the Everchill and Greystone brands will enrich Lippert's product offerings. This acquisition positions Lippert as a leading innovative appliance supplier in the RV market.

LCI Industries (NYSE: LCII) announced the resignation of Brian Hall, Executive Vice President and Chief Financial Officer, effective June 2023. Hall is leaving to pursue philanthropic endeavors and spend more time with his family. He will assist in the transition until a successor is appointed. The company's President, Jason Lippert, acknowledged Hall's significant contributions to LCI, particularly in executing its diversification strategy. The Board has initiated a search for Hall's replacement to ensure a smooth transition.

LCI Industries reported third quarter 2022 net sales of $1.1 billion, reflecting a 3% decline from the prior year. Net income was $61.4 million, or $2.40 per diluted share, also down 3% year-over-year. EBITDA rose to $119.8 million, a 2% increase. Notably, net sales in adjacent markets surged 20%, contributing positively. The company's cash reserves fell to $23.4 million from $62.9 million at year-end 2021, with long-term debt at $1.1 billion. A conference call is scheduled for November 1, 2022.

LCI Industries (NYSE: LCII) will release its third-quarter 2022 financial results on November 1, 2022, prior to market opening. The company will also host a conference call at 8:30 a.m. ET on the same day to discuss the results and other business matters, including a Q&A session for institutional investors and analysts. Participants can access the call by dialing specific numbers based on their location. A replay will be available for two weeks. LCI, through its subsidiary Lippert, supplies engineered components for the recreation and transportation markets, including recreational vehicles and related aftermarkets.

LCI Industries (NYSE: LCII) will host an Investor Briefing on September 28, 2022, from 9:00 a.m. to 12:00 p.m. ET at the Furrion Innovation Center in Elkhart, Indiana.

The event will feature presentations by executive leadership, including Jason Lippert, CEO, and Brian Hall, CFO, outlining the company's long-term growth strategy and financial targets. A live Q&A and a panel discussion on outdoor recreation trends will also be included. Investors can access the event's live webcast on LCI Industries' investor website.

LCI Industries has announced a regular quarterly cash dividend of $1.05 per share, payable on September 16, 2022, to stockholders of record by September 2, 2022. The company, through Lippert Components, supplies a broad range of engineered components for OEMs in the recreation and transportation markets. This dividend reflects LCI's commitment to returning value to its shareholders while supporting its operational growth and market presence.

LCI Industries reported impressive second quarter 2022 results with net sales reaching $1.5 billion, a 40% increase year-over-year. Net income surged to $154.5 million or $6.06 per diluted share, up 128%. EBITDA improved significantly to $250.7 million, reflecting a 108% growth. Key drivers included price realization, market share gains, and increased wholesale shipments. The average product content per RV rose to a record $5,382, while net sales in July 2022 remained positive at approximately $368.4 million, up 5% from the previous year.

LCI Industries (NYSE: LCII) will release its Q2 2022 financial results on August 2, 2022, before market opening. The company, through its subsidiary Lippert Components, provides engineered components primarily for the recreation and transportation sectors, including recreational vehicles and trucks. A conference call will follow the release at 8:30 a.m. ET, with participation limited to institutional investors and analysts.

Details regarding accessing the call and a subsequent replay have been provided for interested parties.