LCI Industries reported a 5% increase in net sales for the fourth quarter of 2019, driven by acquisitions and organic growth in adjacent industries OEM, aftermarket, and international markets. Net income increased to $28.8 million, or $1.14 per diluted share.
Net sales increased by 5% year-over-year to $564.0 million.
Net income grew to $28.8 million, or $1.14 per diluted share.
Adjacent industries OEM sales grew by 8% year-over-year to $158.0 million.
Aftermarket Segment sales grew by 35% year-over-year to $68.8 million.
LCI Industries is focused on delivering new products, leveraging core competencies, driving efficiencies, and realizing synergies from acquisitions.
Visualization of income flow from segment revenue to net income