LCI Industries Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 07:00 am
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LCI Industries reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1,014.64 million compared to USD 1,536.15 million a year ago. Net income was USD 33.43 million compared to USD 154.53 million a year ago. Basic earnings per share from continuing operations was USD 1.32 compared to USD 6.07 a year ago. Diluted earnings per share from continuing operations was USD 1.31 compared to USD 6.06 a year ago.
For the six months, sales was USD 1,987.95 million compared to USD 3,180.72 million a year ago. Net income was USD 40.69 million compared to USD 350.71 million a year ago. Basic earnings per share from continuing operations was USD 1.61 compared to USD 13.82 a year ago. Diluted earnings per share from continuing operations was USD 1.6 compared to USD 13.76 a year ago.
LCI Industries, through its wholly owned subsidiary, Lippert Components, Inc. (Lippert), supplies, domestically and internationally, a broad array of engineered components for the original equipment manufacturers (OEMs) in the recreation and transportation markets. The Company's segments include OEMs and the Aftermarket. The OEMs segment manufactures and distributes a broad array of engineered components for the OEMs of RVs and adjacent industries, including boats; buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; trains; manufactured homes; and modular housing. The Aftermarket Segment supplies many of these engineered components to the related aftermarket channels of the recreation and transportation markets, primarily to retail dealers, wholesale distributors, and service centers, as well as direct to retail customers via the Internet. Lippert's products include steel chassis and related components, axles and suspension solutions, and others.
LCI INDUSTRIES 
