LCI Industries (LCII) Misses Q3 EPS by 35c
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LCI Industries Reports Third Quarter Financial Results
November 7, 2023 7:00 AM ESTÂ Executing on diversification, operational improvements, and innovation to drive long-term performance with continued strong performance in the Aftermarket Segment
Third Quarter 2023 Highlights
Net sales of $1.0 billion in the third quarter, down 15% year-over-year Net income of $26 million, or $1.02 per diluted share, in the third quarter, down 58% year-over-year EBITDA of $79 million, down 34% year-over-year Continued execution of diversification strategy with Aftermarket Segment and Adjacent Industries OEM net sales exceeding 56% of total net sales for the twelve months ended September 30, 2023 Inventory reduction of $238 million year-to-date through September 30, 2023 Cash flows from operating activities of... More