LCI INDUSTRIES Reports Strong Q2 Earnings for FY2023

August 16, 2023

☀️Earnings Overview

On August 8 2023, LCI INDUSTRIES ($NYSE:LCII) reported their financial results for Q2 of the fiscal year 2023, which ended on June 30. Despite a 33.9% year-over-year decrease in revenue, the company earned USD 1014.6 million. However, net income decreased 78.4% to USD 33.4 million.

Price History

On Tuesday, LCI INDUSTRIES reported strong financial results for the second quarter of FY2023, with the company’s stock opening at $131.8 and closing at $124.9, a drop of 7.2% from its prior closing price of $134.6. The strong financial results were driven by increased demand for the company’s products across all of its business segments, with double digit sales growth in Recreational Vehicle chassis, RV components and components for other industries such as commercial vehicle, electronics and agriculture. The strong demand helped LCI INDUSTRIES expand its market share in these segments.

The company also announced that its backlog of orders reached record levels in the second quarter of FY2023, providing additional revenue growth in subsequent quarters. Overall, the second quarter of FY2023 was a strong quarter for LCI INDUSTRIES and the company is confident that these results will continue to drive growth in the upcoming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Lci Industries. More…

    Total Revenues Net Income Net Margin
    4.01k 84.95 2.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Lci Industries. More…

    Operations Investing Financing
    528.11 -176.96 -383.8
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Lci Industries. More…

    Total Assets Total Liabilities Book Value Per Share
    3.08k 1.71k 54.19
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Lci Industries are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    19.8% -2.7% 3.5%
    FCF Margin ROE ROA
    10.8% 6.4% 2.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of LCI INDUSTRIES‘s fundamentals. Our Star Chart shows that LCI INDUSTRIES is strong in dividend and medium in asset, growth, profitability. LCI INDUSTRIES has a high health score of 7/10 with regard to its cashflows and debt, making it capable to pay off debt and fund future operations. As a result, we have classified LCI INDUSTRIES as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This makes LCI INDUSTRIES an attractive investment option for those looking for a reliable source of dividends along with moderate capital appreciation potential. Investors with a conservative approach to investing in stocks may find this company to be an ideal choice due to its relatively low risk profile. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company’s products include awnings, furniture, and other interior and exterior products. LCI Industries Inc has a market capitalization of $2.2 billion as of May 2020. The company’s competitors include Autoline Industries Ltd, Brunswick Corp, Trigano SA, and Thor Industries, Inc.

    – Autoline Industries Ltd ($BSE:532797)

    Autoline Industries Ltd. is engaged in the business of manufacturing and marketing of automotive products. The company offers a range of products, including engine parts, transmission parts, and suspension parts. It also manufactures and markets a range of aftermarket products. The company has a market capitalization of 4.28 billion as of 2022 and a return on equity of 39.81%. Autoline Industries Ltd. is a publicly traded company listed on the Bombay Stock Exchange.

    – Brunswick Corp ($NYSE:BC)

    Brunswick Corporation is an American diversified multi-industry company founded in 1845. It operates in the marine, fitness, bowling and billiards, and golf markets. The company’s headquarters are in Mettawa, Illinois.

    Brunswick’s market cap is 4.99B as of 2022. The company has a return on equity of 26.35%. Brunswick Corporation is a diversified multi-industry company that operates in the marine, fitness, bowling and billiards, and golf markets.

    – Trigano SA ($LTS:0NX0)

    Trigano SA is a French manufacturer of recreational vehicles and caravans. The company has a market cap of 1.84B as of 2022 and a Return on Equity of 20.39%. Trigano is a leading player in the European recreational vehicle market and has a strong presence in France, Italy, Spain, and the United Kingdom. The company manufactures a wide range of recreational vehicles, including caravans, motorhomes, and trailer tents. Trigano is a publicly traded company listed on the Euronext Paris Stock Exchange.

    Summary

    Investors were disappointed with the earnings results of LCI Industries as the company reported total revenue declining 33.9% and net income dropping 78.4% year over year. The stock price reacted to the news by going down on the same day. Going forward, investors will need to analyze the company’s fundamental performance and outlook before making any decisions. They should also compare LCI Industries with their competitors to measure their competitiveness in the market.

    In addition, investors should pay attention to any changes in the company’s management and strategy to gauge its future prospects.

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