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Jun 30, 2021
LCI Q2 2021 Earnings Report
LCI Industries reported record results driven by consistent execution to meet record consumer demand.
Key Takeaways
LCI Industries reported a significant increase in net sales and net income for the second quarter of 2021. Net sales reached $1.1 billion, a 108% increase year-over-year, and net income increased by 415% to $67.9 million, driven by strong retail demand and aftermarket sales growth.
Net sales increased by 108% year-over-year, reaching $1.1 billion.
Net income rose by 415% to $67.9 million, or $2.67 per diluted share.
North American RV OEM sales grew by 151% year-over-year, driven by record wholesale and retail demand.
Aftermarket Segment sales increased by 45% year-over-year, reaching $229.1 million.
LCI
LCI
LCI Revenue by Segment
Revenue by Segment
Travel Trailers & Fifth-Wheels Revenue
CapyFin.comMotorhomes Revenue
CapyFin.comAdjacent Industries OEMs Revenue
CapyFin.comAftermarket Segment Revenue
CapyFin.com Forward Guidance
LCI Industries did not provide a specific financial outlook for future periods in the provided document. The company's statements focused on current demand levels, growth opportunities, and managing industry headwinds.
Positive Outlook
- Strong positioning to capture new growth opportunities.
- Demonstrated agility in navigating through freight, labor, and supply chain-related headwinds.
- Commitment to operational excellence.
- Focus on managing significant cost inflation and related pricing adjustments to maintain profitability.
- Cemented position as an industry leader while ensuring that our customers meet their commitments
Challenges Ahead
- Freight headwinds impacting the entire industry.
- Labor headwinds impacting the entire industry.
- Supply chain-related headwinds impacting the entire industry.
- Significant cost inflation.
- Related pricing adjustments to maintain profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income