Lci Inds Stock Price, News & Analysis

LCI Industries (NYSE: LCII) reported record fourth quarter and full year results for 2021, with net sales of $1.2 billion, up 55% year-over-year. Net income soared to $82.3 million ($3.22 per diluted share), marking a 69% increase. The company achieved total net sales of $4.5 billion for the year, a 60% rise, with net income reaching $287.7 million ($11.32 per diluted share). Strong demand in the RV sector and successful acquisitions bolstered growth. A quarterly dividend of $0.90 per share was declared, and the borrowing capacity was extended until December 2026, enhancing financial stability.

LCI Industries (NYSE: LCII) will announce its fourth-quarter and year-end 2021 financial results on February 10, 2022, pre-market. A conference call will follow at 8:30 a.m. ET for institutional investors and analysts, discussing results and business matters. Participants can access the call via phone or listen to a live webcast on the company’s website. Post-call, a replay will be available for two weeks. LCI Industries, through Lippert Components, supplies components for recreational and transportation markets, serving OEMs and related aftermarkets.

LCI Industries (NYSE: LCII) has announced a quarterly cash dividend of $0.90 per share, payable on December 17, 2021, to stockholders of record by the close of business on December 3, 2021. The company, through its subsidiary Lippert Components, supplies engineered components for OEMs in the recreation and transportation markets. This dividend reflects the company's commitment to returning value to its shareholders while continuing to support its operational strategies in a competitive market.

LCI Industries reported strong third-quarter results with net sales of $1.2 billion, a 41% increase year-over-year. Net income was $63.4 million or $2.49 per diluted share. Adjusted EBITDA stood at $118.1 million. Notably, North American RV OEM sales surged to $626.5 million, up 43% year-over-year, amid booming demand. The company acquired Furrion, projected to generate $230 million in annual sales. Additionally, a quarterly dividend of $0.90 per share was declared, totaling $22.7 million.

LCI Industries (NYSE: LCII) will release its third-quarter 2021 financial results on November 2, 2021, before market opening. A conference call is scheduled for 8:30 a.m. ET, the same day, for discussing the results and other business matters, limited to institutional investors and analysts. The call can be accessed via specific phone lines or a live webcast on the company’s website. A replay will be available for two weeks following the call. LCI, through its subsidiary Lippert, provides engineered components for OEMs in the recreation and transportation markets.

LCI Industries (NYSE: LCII) has finalized its acquisition of Furrion Holdings Limited, a key distributor in the recreational vehicle and specialty vehicle markets. This strategic move aims to enhance LCI's product offerings by integrating Furrion's advanced appliances and audio-visual products. Furrion, known for its innovative technology since 2007, will allow LCI to broaden its OEM product roadmap. Leadership appointments include Andrew Mock as Senior VP of Furrion North America, enhancing integration. The acquisition supports growth in North America, Europe, and Australia.

LCI Industries (NYSE: LCII) will participate in CL King’s 19th Annual Best Ideas Conference on September 14, 2021. CFO Brian Hall will present a strategic overview during a webcast at 1:15 p.m. E.T. The presentation will be available live on the Company’s website, with a replay accessible shortly after. LCI, through its subsidiary Lippert Components, provides a range of engineered components for the OEMs in the recreation and transportation sectors, including products for trucks, trailers, and recreational vehicles.

LCI Industries (NYSE: LCII) has declared a cash dividend of $0.90 per share, scheduled for payment on September 17, 2021, to stockholders of record as of September 3, 2021. This quarterly dividend reflects the company's commitment to returning value to shareholders. LCI Industries, through its subsidiary Lippert, provides a wide range of components for OEMs in recreational and transportation markets.