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Dec 31, 2024
LCI Q4 2024 Earnings Report
LCI Industries reported increased profitability driven by strong operational improvements across diverse end markets.
Key Takeaways
LCI Industries reported Q4 2024 net sales of $803 million, a decrease of 4% year-over-year. Net income was $9.5 million, or $0.37 per diluted share, up from a net loss in Q4 2023. EBITDA increased by 29% year-over-year to $46 million.
Net sales decreased by 4% year-over-year to $803 million in Q4 2024.
Net income increased to $9.5 million, or $0.37 per diluted share, compared to a net loss in Q4 2023.
EBITDA increased by 29% year-over-year to $46 million.
The company increased its quarterly dividend to $1.15 per share.
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 is focused on continuing to expand profitability and remain committed to achieving further cost savings. They are also seeing modest improvement in the RV market, with consolidated January sales up 6% year-over-year along with growing optimism from customers.
Positive Outlook
- Well positioned to capitalize on an industry recovery due to operational flexibility and agility
- Playbook required to further expand business in other end markets
- Experienced leadership team
- Numerous competitive advantages
- Target of $5 billion in net sales organically by 2027
Challenges Ahead
- Challenging RV and marine industry backdrop
- Lower sales to North American marine and utility trailer OEMs
- Declines in wholesale shipments of motorhome RV units
- Increased shift in unit mix towards lower content single axle travel trailers
- Current dealer inventory levels, inflation, and elevated interest rates impacting retail consumers
Revenue & Expenses
Visualization of income flow from segment revenue to net income