LCI Industries (LCII) Misses Q1 EPS by 11c, Revenues Beat
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LCI Industries Reports First Quarter Results
May 5, 2020 7:00 AM EDTFirst Quarter 2020 Highlights
Net sales of $659.7 million in the first quarter, an increase of 11% year-over-year Net income declined $6.2 million, or 17.9%, to $28.2 million, or $1.12 per diluted share in the first quarter Adjusted net income declined $1.5 million, or 4.4%, to $32.9 million, or $1.31 per diluted share, in the first quarter, excluding a non-cash charge recognized in cost of sales related to the inventory fair value step-up for CURT, net of tax Adjusted EBITDA increased $8.9 million, or 13.5%, to $75.1 million in the first quarter Content per travel trailer and fifth-wheel RVs, adjusted to remove Furrion sales from... More