LCI Industries Reports Record First Quarter Results
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LCI Industries (LCII) Tops Q1 EPS by 62c, Revenues Beat
May 4, 2021 7:11 AM EDTLCI Industries (NYSE: LCII) reported Q1 EPS of $2.93, $0.62 better than the analyst estimate of $2.31. Revenue for the quarter came in at $1 billion versus the consensus estimate of $918.5 million.
First Quarter 2021 Highlights
Net sales of $1.0 billion in the first quarter, an increase of 52% year-over-yearNet income increased $45.9 million, or 163%, to $74.1 million, or $2.93 per diluted share, in the first quarterAdjusted EBITDA increased $50.8 million, or 68%, to $125.9 million in the first quarterNorth American RV OEM sales grew to $526.0 million in the first quarter, up 59% year-over-year, driven by record wholesale and retail demand for the... More