Lci Inds Stock Price, News & Analysis

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.

LCI Industries (NYSE: LCII) has announced a regular quarterly cash dividend of $1.05 per share, payable on June 17, 2022, to shareholders on record as of June 3, 2022. The company, through its subsidiary Lippert, provides engineered components for OEMs in the recreation and transportation markets, including RVs and trailers. This dividend reflects LCI's ongoing commitment to returning value to its shareholders.

LCI Industries (NYSE: LCII) announced a new $200 million stock repurchase program over the next three years, aimed at enhancing shareholder value. This initiative reflects the Board's confidence in the company's long-term growth and solid financial position, supported by strong operating cash flows and borrowing capacity. Stock buybacks will occur based on market conditions and may be adjusted by the Board. The program will be funded using existing cash, cash equivalents, and future cash flows.

LCI Industries reported strong first quarter 2022 results, achieving net sales of $1.6 billion, a 64% year-over-year increase. Net income surged to $196.2 million or $7.71 per diluted share, a 165% increase. EBITDA reached $301.5 million, up 139% year-over-year. The company's performance was driven by record wholesale shipments, particularly in the RV sector. The average product content per RV increased to $4,854. LCI declared a quarterly dividend of $0.90 per share, totaling $22.9 million.

LCI Industries (NYSE: LCII) will announce its first-quarter 2022 financial results on May 10, 2022, before market opening. A conference call will follow at 8:30 a.m. ET, featuring CEO Jason Lippert and CFO Brian Hall, discussing results and business matters, with a Q&A session for institutional investors and analysts. The call can be accessed at investors.lci1.com. A replay will be available for two weeks. LCI Industries, through Lippert Components, provides engineered components for the recreation and transportation markets.

LCI Industries has acquired substantially all business assets of Girard Systems and Girard Products LLC, specialists in awnings and tankless water heaters for the RV industry. This acquisition enhances Lippert's product portfolio, particularly in the motorized segment of the RV market. Girard's established reputation and customer service align well with Lippert's growth strategy. The transaction is pivotal for expanding distribution channels and product offerings, positioning Lippert for increased revenue and market leadership.