earnings
confidence high
sentiment neutral
materiality 0.75
LCI Q3 sales $1.1B (-3% YoY), EPS $2.40; Oct sales -24%; RV OEM -14%; content per RV +55% to $5,853
LCI INDUSTRIES
2022-Q3 EPS reported
$16.15
revenue$4,312,797,000
- Net sales $1.1B, down 3% YoY; net income $61.4M ($2.40 diluted EPS) vs $63.4M ($2.49) prior year.
- EBITDA $119.8M, up 2% YoY despite RV wholesale decline; content per travel trailer/fifth-wheel RV record $5,853 (+55%).
- North American RV OEM sales $541.2M (-14% YoY) on ~40% industry wholesale drop; Adjacent industries OEM sales $295.2M (+20%).
- October 2022 net sales ~$345M, down 24% vs Oct 2021; diversification offsetting RV deceleration.
- Dividend paid $1.05/share in Q3; cash $23.4M, debt $1.1B, capex $103.7M YTD.