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Jun 30, 2020
LCI Q2 2020 Earnings Report
LCI Industries' sales decreased due to RV shipments declining, but aftermarket segment and strategic acquisitions contributed to growth.
Key Takeaways
LCI Industries reported a decrease in net sales due to the impact of COVID-19, which caused a five-week shutdown. However, the company experienced a strong recovery in retail demand, with record high revenue and run rates in June and July. The aftermarket segment and strategic acquisitions, such as CURT and Polyplastic, contributed to the company's growth and diversification efforts.
Implemented heightened health and safety measures across all open sites.
Plants have been operating at pre-COVID levels since late May.
Retail demand recovered rapidly, with the two biggest revenue months in company history in June and July.
Acquired CURT, a leading aftermarket manufacturer of branded towing products and truck accessories.
LCI
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LCI Revenue by Segment
Revenue by Segment
Aftermarket Segment Revenue
CapyFin.com Forward Guidance
LCI Industries is focused on strategic acquisitions and adjacent industries to reduce cyclical impacts of North American RV industry