NYSE$LCII

LCI Industries · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

LCI Industries reported record revenue and EBITDA, driven by strong operational execution and growth across Aftermarket and Marine businesses alongside RV.

LCI Industries reported a record first quarter with net sales of $1.6 billion, a 64% increase year-over-year. Net income was $196.2 million, or $7.71 per diluted share, up 165% year-over-year. The company's performance was driven by record wholesale shipments, price realization, and strong Aftermarket sales growth.

  • Net sales increased by 64% year-over-year to $1.6 billion.
  • Net income increased by 165% year-over-year to $196.2 million, or $7.71 per diluted share.
  • EBITDA increased by 139% year-over-year to $301.5 million.
  • Growth was supported by strong operational execution and focus on scalability, continuous improvement, and automation.

Headline financials

Total Revenue

$1.64B

Previous: $1B+64.4%
EPS (adj)

$7.71

Previous: $2.93+163.1%
Capital Expenditures

-$42M

Previous: -$21M-100.6%
Free Cash Flow

$154M

Previous: $53.2M+189.9%
Net Income

$196M

Previous: $74.1M+164.7%
Operating Income

$270M

Previous: $101M+165.9%
Gross Profit

$464M

Previous: $242M+92.0%
Cash & Equivalents

$55.4M

Previous: $63.3M-12.4%
Total Assets

$3.64B

Previous: $2.5B+45.6%
Stock-Based Comp

$6.52M

Previous: $7.44M-12.4%

Revenue & EPS history

LCI · Revenue · Quarterly

$1.64B

Q1 2022+64.4%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

LCI · $1.64B total across 4 segments · Q1 2022

  • Travel Trailers and Fifth-Wheels
    $953M+89.5%
  • Adjacent Industries OEMs
    $356M+42.1%
  • Aftermarket Segment
    $248M+34.8%
  • Motorhomes
    $87.3M+39.4%

Forward guidance

The company did not provide specific financial guidance for future periods in this earnings report.

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 2022

Historical avgQ1 2022

+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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