NYSE$LCII

LCI Industries · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

LCI Industries reported record first quarter results driven by strong industry demand and company-wide growth.

LCI Industries reported a record first quarter with net sales of $1.0 billion, a 52% increase year-over-year. Net income increased by 163% to $74.1 million, or $2.93 per diluted share. The growth was driven by record RV retail demand and strong Aftermarket sales growth.

  • Net sales reached $1.0 billion, a 52% increase year-over-year.
  • Net income increased by 163% to $74.1 million, or $2.93 per diluted share.
  • Adjusted EBITDA increased by 68% to $125.9 million.
  • North American RV OEM sales grew by 59% year-over-year, driven by record wholesale and retail demand.

Headline financials

Total Revenue

$1B

Previous: $660M+51.6%
EPS (adj)

$2.93

Previous: $1.31+123.7%
Capital Expenditures

-$21M

Previous: -$7.96M-163.4%
Free Cash Flow

$53.2M

Previous: $20.3M+162.4%
Net Income

$74.1M

Previous: $28.2M+162.7%
Operating Income

$101M

Previous: $44.3M+129.1%
Gross Profit

$242M

Previous: $159M+52.4%
Cash & Equivalents

$63.3M

Previous: $98M-35.4%
Total Assets

$2.5B

Previous: $2.05B+21.9%
Stock-Based Comp

$7.44M

Previous: $3.3M+125.7%

Revenue & EPS history

LCI · Revenue · Quarterly

$1B

Q1 2021+51.6%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

LCI · $1B total across 4 segments · Q1 2021

  • Travel Trailers and Fifth-Wheels
    $503M
  • Adjacent Industries OEMs
    $251M
  • Aftermarket Segment
    $184M-22.8%
  • Motorhomes
    $62.6M

Forward guidance

Lippert is incredibly well-positioned as we move through 2021 and beyond, with heightened retail demand showing no signs of slowing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.4%

Avg return

Earnings day

+1.4%

Avg return

5 days after

-0.4%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+14.4%

Q2 2018

Best reaction

-13.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.9%+11.4%-10.1%
Q4 2025-0.9%-7.9%-23.8%
Q3 2025+5.7%+18.2%+25.7%
Q1 2025+6.0%+8.6%+12.4%
Q4 2024+5.7%+8.4%-14.2%
Q3 2024-3.1%-5.0%-1.5%
Q2 2024+6.8%+7.0%+9.0%
Q1 2024+8.4%+10.1%-0.7%
Q4 2023+4.5%-3.1%+6.8%
Q3 2023-2.9%-3.4%+1.9%
Q2 2023-7.1%-5.6%-12.8%
Q1 2023-5.9%-8.7%+4.8%
Q4 2022+1.2%+1.1%-7.2%
Q3 2022-13.7%-13.2%-6.6%
Q2 2022+2.7%+0.8%-10.6%
Q1 2022+0.5%+9.1%+8.1%
Q4 2021-2.2%+3.1%-8.4%
Q3 2021+5.3%+6.1%+10.9%
Q2 2021-1.2%+1.2%-3.5%
Q1 2021-2.2%-1.5%+0.6%
Q4 2020-5.6%-3.1%-4.1%
Q3 2020+3.3%+10.4%+18.2%
Q2 2020+3.9%-2.2%-9.7%
Q1 2020-7.7%-5.6%+14.1%
Q4 2019-1.6%-2.8%-34.3%
Q3 2019+2.7%+2.4%+0.1%
Q2 2019+7.3%+8.7%+1.7%
Q1 2019+3.7%+1.0%-4.1%
Q4 2018-1.3%+4.6%+0.9%
Q3 2018+13.7%+12.4%+11.6%
Q2 2018+14.4%+11.8%+5.8%
Q1 2018-1.7%-8.2%-13.1%
Q4 2017+3.3%+4.5%+0.3%
Q3 2017-3.7%-5.9%+5.8%
Q2 2017-4.1%-8.7%-4.8%
Q1 2017-6.2%-8.1%-8.9%
Q4 2016-1.9%-1.8%-7.8%
Q3 2016-1.5%+1.6%+17.9%
Q2 2016+4.2%+7.3%+14.3%
Q1 2016+10.9%
Q4 2015+5.2%
Q3 2015+0.7%
Q2 2015-4.0%
Q1 2015-2.9%
Q4 2014+11.5%
Q3 2014-1.9%
Q2 2014-5.0%
Q1 2014-0.2%
Q4 2013+6.5%
Q3 2013+3.2%
Q2 2013+5.1%
Q1 2013+1.7%
Q4 2012-7.4%
Q3 2012+0.8%
Q2 2012+11.9%
Q1 2011-1.8%
Q1 2012+3.0%
Q4 2009-0.8%
Q4 2011-0.8%
Q3 2011-3.4%
Q3 2010-3.4%
Q2 2010+4.2%
Q2 2011+4.2%
Q4 2010+4.2%
Q1 2010+14.1%

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