NYSE$LCII

LCI Industries · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

LCI Industries reported revenue growth and margin expansion in the second quarter of 2024.

LCI Industries reported a 4% year-over-year increase in net sales, reaching $1.1 billion in Q2 2024. Net income rose to $61 million, or $2.40 per diluted share, up from $33 million, or $1.31 per diluted share in Q2 2023. The company experienced an increase in North American RV wholesale shipments of travel trailers and fifth-wheels and market share gains in the automotive aftermarket.

  • Net sales increased by 4% year-over-year to $1.1 billion.
  • Net income increased to $61 million, or $2.40 per diluted share.
  • EBITDA increased by 39% year-over-year to $123 million.
  • Operating profit margin increased to 8.6%.

Headline financials

Total Revenue

$1.05B

Previous: $1.01B+3.9%
EPS

$2.40

Previous: $1.31+83.2%
Travel Trailer & Fifth-Wheel RV Wholesale Production

82.0K

No prior period
Motorhome RV Wholesale Production

8.8K

No prior period
Travel Trailer & Fifth-Wheel RV Retail Sales

98.6K

No prior period
Motorhome RV Retail Sales

11.9K

No prior period
Capital Expenditures

-$21.3M

Previous: -$34.1M+37.4%
Free Cash Flow

$39.8M

Previous: -$656K+6172.4%
Net Income

$61.2M

Previous: $33.4M+83.0%
Operating Income

$90.6M

Previous: $55.2M+64.2%
Gross Profit

$266M

Previous: $218M+22.2%
Cash & Equivalents

$130M

Previous: $22.1M+490.3%
Total Assets

$3.01B

Previous: $3.08B-2.1%
Stock-Based Comp

$4.97M

Previous: $4.39M+13.4%

Revenue & EPS history

LCI · Revenue · Quarterly

$1.05B

Q2 2024+3.9%vs Q2 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

LCI · $959M total across 4 segments · Q3 2023

  • Travel Trailers and Fifth-Wheels
    $364M-26.3%
  • Adjacent Industries OEMs
    $299M-10.9%
  • Aftermarket Segment
    $231M+5.1%
  • Motorhomes
    $65.7M-20.8%

Forward guidance

Heading further into the year, the company will keep executing its strategy and drive sustained value creation for its stakeholders.

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 2024

Historical avgQ2 2024

+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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