earnings
confidence high
sentiment positive
materiality 0.75
LCI Industries Q1 net income $37M ($1.44 EPS), up from $7M; EBITDA nearly doubled to $90M
LCI INDUSTRIES
2024-Q1 EPS reported
$1.44
revenue$968,029,000
- Net sales $968M (-1% YoY); net income $36.5M ($1.44 diluted EPS) vs $7.3M ($0.29) in Q1 2023.
- EBITDA of $90.3M vs $52.5M; Aftermarket segment margin 11.8% (up from 9.7%).
- Inventory reduced $34M in quarter, down $175M YoY; dividend of $1.05/share paid.
- Acquired furniture business of Camping World subsidiary in May 2024; new business commitments ~$200M for 2024.
- April net sales $378M (+12% YoY) driven by 17% increase in North American RV production.