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Dec 31, 2023
LCI Q4 2023 Earnings Report
LCI Industries reported a decrease in net sales but an improvement in net loss and EBITDA compared to the previous year. The Aftermarket segment showed strong growth, contributing to profitability amidst a challenging industry environment.
Key Takeaways
LCI Industries reported Q4 2023 net sales of $838 million, a 6% decrease year-over-year. Net loss was $2 million, an improvement of 86% year-over-year, and EBITDA increased by 248% to $36 million. The Aftermarket segment grew by 10% year-over-year, contributing significantly to the Company's performance.
Net sales decreased by 6% year-over-year to $838 million.
Net loss improved by 86% year-over-year to $2 million.
Aftermarket segment net sales increased by 10% year-over-year.
EBITDA increased by 248% year-over-year to $36 million.
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 profitability through strategic investments, innovation, and a focus on cash generation, supported by a solid balance sheet and positive dealer sentiment.
Positive Outlook
- January 2024 sales outpaced January 2023 levels by 13%.
- Business increased as dealers began to replenish inventories.
- February orders are pacing ahead of the prior year.
- Dealer and consumer sentiment from the RV shows is positive.
- Company plans to continue to invest strategically.
Revenue & Expenses
Visualization of income flow from segment revenue to net income