LCI Industries Q1 net sales down 41% YoY; EPS $0.29 vs $7.71

LCI INDUSTRIES

2023-Q1 EPS reported $0.29 revenue$973,310,000

Net sales $973.3M (-41% YoY); net income $7.3M (-96% YoY); diluted EPS $0.29.
EBITDA $52.5M (-83% YoY); inventory reduced $120M vs prior quarter.
RV OEM net sales $400.1M (-62% YoY); content per towable RV up 21% to $5,881.
Adjacent Industries OEM net sales $358.1M (+1% YoY); aftermarket $215.1M (-13%).
April 2023 net sales ~$338M, down 37% from April 2022 due to 51% drop in RV wholesale.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LCI INDUSTRIES reported first quarter 2023 results: revenue $973.3 million, net income $7.3 million, EPS $0.29 per diluted share.

Period: first quarter 2023
Revenue: $973.3 million
Net income: $7.3 million
EPS: $0.29 per diluted share
Result: reported results

Exact text from the filing

LCI INDUSTRIES REPORTS FIRST QUARTER FINANCIAL RESULTS Diversification strategy and operational execution supporting profitability First Quarter 2023 Highlights • Net sales of $973.3 million in the first quarter, down 41% year-over-year • Net income of $7.3 million, or $0.29 per diluted share, in the first quarter, down 96% year-over-year • EBITDA of $52.5 million,

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Source: SEC EDGAR

accession 0000763744-23-000037

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