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Jun 30, 2022
LCI Q2 2022 Earnings Report
LCI Industries reported strong financial results driven by strategic diversification and market share gains.
Key Takeaways
LCI Industries reported a net sales increase of 40% year-over-year, reaching $1.5 billion. Net income saw a significant rise of 128% to $154.5 million, with diluted earnings per share at $6.06. The company's EBITDA also experienced substantial growth, up 108% to $250.7 million, reflecting robust revenue and effective operational management.
Net sales increased by 40% year-over-year, reaching $1.5 billion.
Net income rose by 128% year-over-year, totaling $154.5 million or $6.06 per diluted share.
EBITDA increased by 108% year-over-year, amounting to $250.7 million.
Content per travel trailer and fifth-wheel RV increased by 49% year-over-year, reaching a record $5,382.
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 anticipates continued growth, leveraging its diversification efforts to offset deceleration in North American RV production. They are focused on driving content and market share gains, capitalizing on the increasing popularity of outdoor lifestyles.
Positive Outlook
- Diversification efforts are helping to offset deceleration in North American RV production.
- Confident in the ability to keep driving content and market share gains.
- Widespread availability of peer-to-peer rentals makes RVing attractive.
- Increasing costs of airfare and hotel lodging make camping and boating attractive options.
- Diverse portfolio has positioned the company for long-term growth.
Challenges Ahead
- Challenging operating environment.
- RV inventories stabilizing.
- Impacts of COVID-19 and the Russia-Ukraine War on the global economy.
- Pricing pressures due to domestic and foreign competition.
- Seasonality and cyclicality in the industries.
Revenue & Expenses
Visualization of income flow from segment revenue to net income