NYSE$LCII
LCI Industries · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Diversification and operational focus led to sequential margin expansion.
LCI Industries reported Q2 2023 results with net sales of $1.0 billion, a 34% decrease year-over-year. Net income was $33 million, or $1.31 per diluted share, down 78% year-over-year. The company continued its diversification strategy, with North American RV OEM net sales less than 42% of total net sales.
- Net sales of $1.0 billion in the second quarter, down 34% year-over-year
- Net income of $33 million, or $1.31 per diluted share, in the second quarter, down 78% year-over-year
- EBITDA of $88 million, down 65% year-over-year
- Continued execution of diversification strategy with North American RV OEM net sales less than 42% of total net sales for twelve months ended June 30, 2023
Headline financials
Revenue & EPS history
LCI · Revenue · Quarterly
$1.01B
Revenue by segment
LCI · $1.01B total across 4 segments · Q2 2023
- Adjacent Industries OEMs$349M-5.7%34.4%
- Travel Trailers and Fifth-Wheels$339M-58.4%33.4%
- Aftermarket Segment$256M-1.6%25.2%
- Motorhomes$71.2M-22.2%7.0%
Forward guidance
The demand environment is improving, with order forecasts trending slightly upwards from the last quarter, dealer destocking beginning to slow, and older inventory clearing out as the latest models enter the market.
Tailwinds
- Order forecasts trending slightly upwards from the last quarter
- Dealer destocking beginning to slow
- Older inventory clearing out as the latest models enter the market
- Millions more campers hit the road this Memorial Day and Fourth of July versus 2022
- RV trips being almost 50% cheaper versus traditional modes of vacation
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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