Lci Inds Stock Price, News & Analysis

LCI Industries (NYSE: LCII) will announce its Q2 2021 financial results on August 3, 2021, before market open. The announcement will be followed by a conference call at 8:30 a.m. ET, focusing on financial outcomes and business updates, exclusively for institutional investors and analysts. The call can be accessed via U.S./Canada and international numbers, and a live webcast is available for individual investors and media on the company's website. A replay will be accessible for two weeks post-call.

LCI Industries (LCII) announced the acquisition of Trazcor, Inc., a specialized metal fabrication company. Trazcor, based in Goshen, IN, supplies aluminum sidewalls and panels for the recreation and transportation OEM markets. With over 30 years of experience, Trazcor operates an 80,000 square foot facility and has established relationships across North America's RV, Utility Trailer, and Marine industries. This acquisition is expected to enhance Lippert's manufacturing capabilities and leverage immediate synergies, with Lippert already purchasing significant quantities of steel and aluminum annually.

LCI Industries (NYSE: LCII) announced the appointment of Tracy Graham as Chairman of the Board of Directors, succeeding Jim Gero. Graham, who joined the Board in 2016 and chaired the Compensation Committee, is also the CEO of Graham-Allen Partners, a private investment firm. Gero acknowledged Graham's contributions and leadership in shaping the company's strategic plans. The company, through its subsidiary Lippert, provides engineered components for OEMs in the recreation and transportation markets, primarily in the RV industry.

LCI Industries (NYSE: LCII) announced a quarterly cash dividend of $0.90 per share, payable on June 18, 2021. Shareholders on record as of June 4, 2021, will qualify for this dividend. The company, through its subsidiary Lippert, supplies engineered components to OEMs in the recreation and transportation sectors, including trailers, boats, and manufactured homes. LCI has a broad product portfolio ranging from chassis and axles to entry systems and accessories.

LCI Industries (NYSE: LCII) has priced $400 million in 1.125% convertible senior notes due 2026 in a private placement aimed at qualified institutional buyers. The notes, maturing on May 15, 2026, feature an initial conversion rate of 6.0369 shares per $1,000 principal amount, representing a 27.5% premium over the recent stock price. The company intends to use proceeds for entering into hedge transactions, repaying revolving credit, and general corporate purposes. The closing is expected on May 13, 2021, with an option for purchasers to buy an additional $60 million in notes.

LCI Industries (NYSE: LCII) announced plans for a private offering of $400 million in convertible senior notes due 2026. The notes, subject to market conditions, may have an additional $60 million option. They will be unsecured with a semi-annual interest, and can be converted under specific conditions starting January 15, 2026. Proceeds will fund convertible note hedge transactions, repay credit facilities, and for general corporate purposes. The offering has not been registered under the Securities Act, and its impact on stock value depends on market conditions.

LCI Industries (LCII) reported first quarter 2021 results, achieving record revenues of $1 billion, a 52% increase from $659.7 million in Q1 2020. Net income surged to $74.1 million ($2.93 per diluted share) from $28.2 million ($1.12 per share) year-over-year. The growth was fueled by strong RV retail demand and a booming aftermarket business, which has tripled in size over three years. Despite operational challenges, the company remains confident in its market position and liquidity, with $63.3 million in cash as of March 31, 2021, and compliance with debt covenants.

LCI Industries (NYSE: LCII) announced the acquisition of 100% of Schaudt GmbH, a leading supplier of electronic controls for the European Caravan Industry. This acquisition, part of Lippert's European strategy, aims to enhance local operations in Germany and support key customers. Schaudt will serve as the hub for Lippert's German operations, aligning its technology solutions with Lippert Technologies. The acquisition is expected to strengthen customer relationships and improve service delivery in the European RV market.

LCI Industries (NYSE: LCII) will release its first-quarter 2021 financial results on May 4, 2021, before the market opens. A conference call will be held the same day at 8:30 a.m. ET, focusing on the results and business matters, with a Q&A session for institutional investors and analysts. The call can be accessed by calling specific numbers for participants in the U.S. and outside. LCI Industries provides a range of engineered components for OEMs in the recreation and transportation sectors through its subsidiary, Lippert.