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Jun 30, 2024
LCI Q2 2024 Earnings Report
LCI Industries reported revenue growth and margin expansion in the second quarter of 2024.
Key Takeaways
LCI Industries reported a 4% year-over-year increase in net sales, reaching $1.1 billion in Q2 2024. Net income rose to $61 million, or $2.40 per diluted share, up from $33 million, or $1.31 per diluted share in Q2 2023. The company experienced an increase in North American RV wholesale shipments of travel trailers and fifth-wheels and market share gains in the automotive aftermarket.
Net sales increased by 4% year-over-year to $1.1 billion.
Net income increased to $61 million, or $2.40 per diluted share.
EBITDA increased by 39% year-over-year to $123 million.
Operating profit margin increased to 8.6%.
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
Heading further into the year, the company will keep executing its strategy and drive sustained value creation for its stakeholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income