LCI Industries Inc

LCII

Equity

ISIN US50189K1034 / Valor 35157316

New York Stock Exchange, Inc (2024-12-24)

USD 103.66+0.48%

LCI Industries Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

LCI Industries Inc., based in Durham, North Carolina, is a diversified company that plays a significant role in the manufacturing and retail sectors, particularly focusing on serving military communities. The company operates through a comprehensive infrastructure that includes six manufacturing facilities and two distribution centers, ensuring efficient production and distribution of its products. Additionally, LCI Industries has established a strong online presence with three e-commerce websites, catering to a broader audience and enhancing its retail strategy. The company further extends its reach by operating over 35 retail stores located on military bases across the United States, demonstrating a targeted approach to serving the needs of military personnel and their families. Through this multifaceted operation, LCI Industries Inc. has positioned itself as a key player in its market, leveraging manufacturing capabilities and a strategic retail network to serve a specialized community.

Summarized from source with an LLMView SourceSector: Industrials

Fourth Quarter 2023 Net Sales

LCI Industries Inc. reported consolidated net sales of $837.5 million for the fourth quarter of 2023, representing a 6% decrease from the same period in 2022. This decline was primarily driven by lower North American marine production levels and decreased selling prices indexed to select commodities.

Fourth Quarter 2023 Net Loss

For the fourth quarter of 2023, LCI Industries Inc. recorded a net loss of $2.4 million, or $(0.09) per diluted share. This was a significant improvement compared to the net loss of $17.1 million, or $(0.68) per diluted share, reported in the fourth quarter of 2022.

Full Year 2023 Net Sales

LCI Industries Inc. achieved consolidated net sales of $3.8 billion for the full year 2023, a decrease of 27% from the $5.2 billion reported in 2022. The decline was mainly due to a nearly 39% drop in North American RV wholesale shipments and lower North American marine production levels.

Full Year 2023 Net Income

For the full year 2023, LCI Industries Inc. reported a net income of $64.2 million, or $2.52 per diluted share, compared to $395.0 million, or $15.48 per diluted share, in 2022. This significant decrease reflects the challenging market conditions faced throughout the year.

Cash Flow and Dividends

In 2023, LCI Industries Inc. generated $527 million in cash from operating activities and returned $106 million to shareholders through quarterly dividends. The company also made net repayments of indebtedness totaling $277 million, demonstrating a strong focus on maintaining a solid balance sheet.

Summarized from source with an LLMView Source

Key figures

-19.1%1Y

-30.8%3Y

-4.43%5Y

Performance

38.5%1Y

42.1%3Y

44.6%5Y

Volatility