LCI Industries Q3 net sales $1.0B (-15% YoY), net income $26M (-58%), EPS $1.02

LCI INDUSTRIES

2023-Q3 EPS reported $2.62 revenue$2,947,264,000

OEM segment net sales $728.5M (-20% YoY) with operating margin 1.5% vs 7.1% a year ago.
Aftermarket segment net sales $230.8M (+5% YoY); operating margin expanded to 14.9% from 10.2%.
Inventory reduced $238M YTD; net debt repayments $211M YTD; long-term debt $908.8M at quarter end.
October net sales ~$344M (-1% YoY); adjacent markets grew 15%, aftermarket grew 5% vs Oct 2022.
Quarterly dividend maintained at $1.05 per share; $79.7M paid YTD.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LCI INDUSTRIES reported third quarter 2023 results: revenue $1.0 billion, net income $25.9 million, or $1.02 per diluted share, EPS $1.02 per diluted share.

Period: third quarter 2023
Revenue: $1.0 billion
Net income: $25.9 million, or $1.02 per diluted share
EPS: $1.02 per diluted share
Result: reported results

Exact text from the filing

Consolidated net sales for the third quarter of 2023 were $1.0 billion, a decrease of 15% from 2022 third quarter net sales of $1.1 billion. Net income in the third quarter of 2023 was $25.9 million, or $1.02 per diluted share, compared to net income of $61.4 million, or $2.40 per diluted share, in the third quarter of 2022.

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Source: SEC EDGAR

accession 0000763744-23-000089

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