NYSE$LCII

LCI Industries · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

LCI Industries experienced record sales and earnings, driven by RV demand and a diversification strategy.

LCI Industries reported a strong fourth quarter with net sales of $783.0 million, a 39% increase year-over-year. Net income increased by 69% to $48.7 million, or $1.92 per diluted share. The growth was driven by record RV retail demand, acquisitions, and organic growth in the aftermarket segment and international markets.

  • Net sales increased by 39% year-over-year to $783.0 million.
  • Net income rose by 69% to $48.7 million, equating to $1.92 per diluted share.
  • Adjusted EBITDA increased by 54% to $88.1 million.
  • Acquisitions contributed approximately $73 million to net sales.

Headline financials

Total Revenue

$783M

Previous: $564M+38.8%
EPS (adj)

$1.92

Previous: $1.14+68.4%
Capital Expenditures

$28.7M

Previous: $10.4M+174.9%
Free Cash Flow

-$9.77M

Previous: $49.5M-119.7%
Net Income

$48.7M

Previous: $28.8M+69.1%
Operating Income

$63.5M

Previous: $37.6M+68.6%
Gross Profit

$197M

Previous: $122M+61.1%
Cash & Equivalents

$51.8M

Previous: $35.4M+46.3%
Total Assets

$2.3B

Previous: $1.86B+23.4%
Stock-Based Comp

$4.86M

Previous: $4.02M+20.9%

Revenue & EPS history

LCI · Revenue · Quarterly

$783M

Q4 2020+38.8%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

LCI · $783M total across 4 segments · Q4 2020

  • Travel Trailers and Fifth-Wheels
    $385M+27.1%
  • Adjacent Industries OEMs
    $190M+20.2%
  • Aftermarket Segment
    $157M+128.6%
  • Motorhomes
    $50.9M+47.6%

Forward guidance

LCI Industries anticipates that retail tailwinds supporting growth in 2020 will remain elevated well into 2021 and beyond, driven by strong demand for recreational products and shifts in consumer behavior.

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 Q4 2020

Historical avgQ4 2020

+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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