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Sep 30, 2021
LCI Q3 2021 Earnings Report
LCI Industries reported record third-quarter revenue, driven by continued execution on operational initiatives.
Key Takeaways
LCI Industries reported a 41% year-over-year increase in net sales, reaching $1.2 billion. Net income was $63.4 million, or $2.49 per diluted share. The company's growth was driven by record RV retail demand and strong Aftermarket sales growth, with acquisitions contributing $79 million in net sales.
Net sales increased by 41% year-over-year to $1.2 billion.
Net income reached $63.4 million, or $2.49 per diluted share.
North American RV OEM sales grew by 43% year-over-year.
Aftermarket Segment sales increased by 18% year-over-year.
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 and innovation through strategic acquisitions and operational initiatives.
Positive Outlook
- Addition of Furrion to enhance product innovation initiatives.
- Expansion into new markets to become a more dynamic global supplier.
- Focus on scalable capacity through automation projects.
- Mitigation of material cost and labor constraints to maintain profitability.
- Injection of more resources into research, development, and innovation.
Challenges Ahead
- Significant cost pressures related to raw materials.
- Challenges related to freight costs.
- Difficulties related to labor costs.
- Ongoing supply chain challenges.
- Potential impacts of COVID-19 or future pandemics on the global economy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income