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Dec 31, 2020
LCI Q4 2020 Earnings Report
LCI Industries experienced record sales and earnings, driven by RV demand and a diversification strategy.
Key Takeaways
LCI Industries reported a strong fourth quarter with net sales of $783.0 million, a 39% increase year-over-year. Net income increased by 69% to $48.7 million, or $1.92 per diluted share. The growth was driven by record RV retail demand, acquisitions, and organic growth in the aftermarket segment and international markets.
Net sales increased by 39% year-over-year to $783.0 million.
Net income rose by 69% to $48.7 million, equating to $1.92 per diluted share.
Adjusted EBITDA increased by 54% to $88.1 million.
Acquisitions contributed approximately $73 million to net sales.
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 that retail tailwinds supporting growth in 2020 will remain elevated well into 2021 and beyond, driven by strong demand for recreational products and shifts in consumer behavior.
Revenue & Expenses
Visualization of income flow from segment revenue to net income