Core Viewpoint - LCI (LCII) reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, and showing a significant improvement from a loss of $0.09 per share a year ago, indicating a strong earnings surprise of 32.14% [1] Financial Performance - LCI achieved revenues of $803.14 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.34%, although this represents a decline from year-ago revenues of $837.54 million [2] - Over the last four quarters, LCI has consistently surpassed consensus EPS estimates, achieving this four times [2] Stock Performance and Outlook - LCI shares have declined approximately 1.4% since the beginning of the year, contrasting with the S&P 500's gain of 3.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Earnings Estimate Revisions - The trend for earnings estimate revisions for LCI is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $1.41 on revenues of $940.45 million, and for the current fiscal year, it is $6.70 on revenues of $3.89 billion [7] Industry Context - The Automotive - Original Equipment industry, to which LCI belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Another company in the same industry, Garrett Motion (GTX), is expected to report quarterly earnings soon, with a consensus EPS estimate of $0.26, reflecting an 18.2% year-over-year increase, although its revenue is projected to decline by 15.1% from the previous year [9][10]

Financial Performance - Fourth quarter 2024 net sales were $803 million, a decrease of 4% year-over-year from $837.5 million in Q4 2023[5] - Net income for Q4 2024 was $9.5 million, or $0.37 per diluted share, compared to a net loss of $2.4 million in Q4 2023[5] - EBITDA for Q4 2024 was $46 million, representing 5.7% of net sales, up 29% year-over-year from $35.6 million in Q4 2023[5][7] - Full year 2024 net sales totaled $3.7 billion, down 1% from $3.8 billion in 2023, while net income increased 123% to $143 million[9] - The company achieved a 35% year-over-year increase in EBITDA for 2024, totaling $344 million[5][9] - Net sales for Q4 2024 were $803,138, a decrease of 4.1% from $837,544 in Q4 2023; total net sales for the year were $3,741,208, down 1.2% from $3,784,808 in 2023[26] - Gross profit for Q4 2024 increased to $169,406, up 5.3% from $161,051 in Q4 2023; annual gross profit rose to $879,715, a 13.3% increase from $776,190[26] - Operating profit for Q4 2024 was $16,134, compared to $2,621 in Q4 2023; total operating profit for the year reached $218,237, up 76.7% from $123,428[26] - Net income for Q4 2024 was $9,547, a turnaround from a net loss of $2,377 in Q4 2023; annual net income increased to $142,867, up 122.4% from $64,195[26] - Net income as a percentage of net sales improved to 1.2% in Q4 2024 from (0.3%) in Q4 2023[37] - EBITDA as a percentage of net sales increased to 5.7% in Q4 2024, compared to 4.2% in Q4 2023[37] - For the full year 2024, net income reached $142,867,000, a substantial increase from $64,195,000 in 2023[37] - Full year EBITDA rose to $343,930,000 in 2024, up from $255,196,000 in 2023, indicating a growth of 35%[37] Cash Flow and Capital Expenditures - Cash flows from operating activities for 2024 were $370 million, with $109 million returned to shareholders through dividends[5][18] - The company reported capital expenditures of $42,333 for the year, down from $62,209 in 2023; estimated capital expenditures for 2025 are projected to be between $50 million and $70 million[32][34] - Cash and cash equivalents at the end of Q4 2024 were $165,756, significantly up from $66,157 at the end of Q4 2023[30] - The remaining availability under the revolving credit facility increased to $452.5 million in Q4 2024 from $245.3 million in Q4 2023[34] Tax and Depreciation - The effective tax rate for 2024 was 24.5%, compared to 22.7% in 2023, primarily due to an increase in the state tax rate[17] - The company expects an annual tax rate of 24% to 26% for 2025, with depreciation and amortization projected between $115 million and $125 million[34] - Depreciation expense for the full year 2024 was $70,393,000, slightly lower than $74,693,000 in 2023[37] - The provision for income taxes in Q4 2024 was $1,487,000, compared to a benefit of $(4,458,000) in Q4 2023[37] Product Development and Market Strategy - The company introduced the innovative Touring Coil Suspension product, contributing to content expansion and market share gains[5][3] - January 2025 consolidated net sales were approximately $328 million, up 6% from January 2024, driven by a 17% increase in RV OEM sales[11] - The company aims for $5 billion in net sales organically by 2027, targeting a return to double-digit operating margins[4] Segment Performance - The OEM Segment net sales for Q4 2024 were $621,553, down 5.6% from $658,095 in Q4 2023; Aftermarket Segment net sales increased to $181,585, up 1.3% from $179,449[28] - Interest expense for Q4 2024 was $5,100,000, down from $9,456,000 in Q4 2023, showing a reduction of 46%[37]

Financial Data and Key Metrics Changes - Consolidated net sales for Q3 2024 were $915 million, a decrease of 5% from Q3 2023 [44][45] - Operating margin increased to 5.9%, a 110-basis point improvement over the prior year [53] - GAAP net income for Q3 was $36 million or $1.39 earnings per diluted share, compared to $26 million or $1.02 earnings per diluted share in the prior year [55] - EBITDA in Q3 was $85 million, an 8% increase compared to the prior year [56] Business Line Data and Key Metrics Changes - RV OEM net sales were $422 million, down 2% year-over-year, impacted by a 22% decrease in motorhome wholesale shipments [45][46] - Aftermarket net sales were $231 million, flat compared to the prior year, driven by growth in the automotive aftermarket [49] - Adjacent Industries OEM net sales decreased 12% to $262 million, primarily due to lower sales in marine and utility trailer OEMs [50] Market Data and Key Metrics Changes - International sales decreased 9% year-over-year, driven by softening marine and RV markets [52] - RVIA projects approximately 345,000 wholesale shipments in 2025, which could translate to over $100 million in additional sales for the company [24] Company Strategy and Development Direction - The company aims to achieve $5 billion in revenue by 2027, focusing on innovation, customer satisfaction, and strategic acquisitions [8][42] - Plans to expand market share in RV, marine, and rail markets internationally, leveraging successful strategies from North America [31][32] Management's Comments on Operating Environment and Future Outlook - Management noted continued headwinds in the RV and marine sectors but expressed confidence in market recovery and share gains [6][42] - The company anticipates a modest increase in operating margins for 2025, driven by improved fixed cost absorption and ongoing cost reduction efforts [85] Other Important Information - The company generated $402 million in operating cash over the past 12 months and reduced leverage to 2x [35][59] - The company received the 2024 Community Impact Award, highlighting its commitment to corporate citizenship [38][39] Q&A Session Summary Question: Can you provide insight on the wholesale shipment outlook and commodity headwinds? - Management indicated a normalization in RV type mix and expects a single-digit increase in wholesale shipments for the next year [64][65] Question: What is the company's import exposure to China and its impact on COGS? - Management has mitigated risk in China significantly since 2020 and plans to continue diversifying sourcing [67][73] Question: What are the expectations for aftermarket growth, particularly in RV? - Management highlighted a significant opportunity in the aftermarket as many RVs exit warranty periods, driving customer pay opportunities [104][106] Question: What is the outlook for M&A activity? - Management expects increased M&A activity in the coming quarters, having engaged in discussions with various targets [90]

Financial Performance - Net income for the three months ended September 30, 2024, was $35,612,000, compared to $25,887,000 for the same period in 2023, representing a 37% increase[9] - Total comprehensive income for the nine months ended September 30, 2024, was $138,636,000, up from $66,440,000 in 2023, reflecting a 108% increase[9] - Net income for the quarter ending September 30, 2023, was $25,887,000, compared to $33,426,000 for the previous quarter[17] - Net income for the quarter ending June 30, 2024, was $35,612,000, showing a positive trend in earnings[19] - Net income for Q3 2024 was $35.6 million, or $1.39 per diluted share, up from $25.9 million, or $1.02 per diluted share in Q3 2023[98] Assets and Liabilities - Total assets as of September 30, 2024, amounted to $3,024,964,000, compared to $2,959,319,000 at the end of 2023, indicating a growth of 2.2%[11] - Current liabilities totaled $431,974,000 as of September 30, 2024, compared to $394,992,000 at the end of 2023, reflecting an increase of 9.4%[11] - Long-term indebtedness decreased to $822,322,000 as of September 30, 2024, from $846,834,000 at the end of 2023, a reduction of 2.9%[11] - Total current assets increased to $1,244,873,000 as of September 30, 2024, from $1,116,870,000 at December 31, 2023, reflecting an increase of 11.5%[11] - The company’s retained earnings increased to $1,228,454,000 as of September 30, 2024, up from $1,177,034,000 at the end of 2023, representing a growth of 4.4%[11] Cash Flow and Dividends - Net cash flows provided by operating activities for the nine months ended September 30, 2024, were $263,688,000, compared to $389,263,000 in 2023, showing a decrease of 32%[14] - The company paid dividends totaling $80,191,000 during the nine months ended September 30, 2024, compared to $79,744,000 in the same period of 2023, indicating a slight increase of 0.6%[14] - Cash dividends paid were $1.05 per share, totaling $26,590,000 for the quarter ending June 30, 2023[17] - The company declared total dividends of $80.191 million for the year 2024, with a quarterly dividend of $1.05 per share[65] Inventory and Fixed Assets - As of September 30, 2024, the company reported total inventories of $705.4 million, a decrease from $768.4 million as of December 31, 2023, reflecting a reduction of approximately 8.2%[39] - The company’s net fixed assets decreased to $443.3 million as of September 30, 2024, down from $465.8 million at the end of 2023, indicating a decline of approximately 4.8%[41] - The company recorded inventory obsolescence reserves of $77.4 million as of September 30, 2024, an increase from $71.3 million at the end of 2023, representing an increase of approximately 8.6%[39] Segment Performance - The OEM Segment accounted for 76% of consolidated net sales for the nine months ended September 30, 2024, with net sales of $2,238,897,000, compared to $2,245,648,000 in 2023[71] - Operating profit for the OEM Segment for the three months ended September 30, 2024, was $21,825,000, up from $11,165,000 in 2023[76] - Operating profit for the Aftermarket Segment for the three months ended September 30, 2024, was $32,063,000, down from $34,425,000 in 2023[76] - Aftermarket Segment net sales for Q3 2024 were $231.0 million, a marginal increase from $230.8 million in Q3 2023[112] Market Conditions and Risks - The company continues to face risks from economic conditions, including inflation and interest rate fluctuations, which may impact future performance[26] - Retail demand for travel trailers and fifth-wheel RVs decreased by 9% in the first nine months of 2024 compared to the same period in 2023, primarily due to inflation and elevated interest rates[91] - Future cost increases of raw materials may not be fully passed on to customers, impacting profitability[144] Compliance and Financial Management - The company has a $600 million revolving credit facility, with $383.1 million available under the facility as of September 30, 2024, reflecting compliance with financial covenants[47] - The company maintained compliance with all financial covenants as of September 30, 2024, ensuring adequate financing for anticipated cash requirements for the next twelve months[47] - The company is in compliance with all financial covenants of its Credit Agreement as of September 30, 2024[129] Acquisitions and Investments - The company acquired the furniture operations of CWDS, LLC for a cash consideration of $20.0 million, with an additional holdback payment of $1.0 million due on the first anniversary of the acquisition[34] - The company prepaid $37.5 million of principal on the Term Loan during 2023 and an additional $25 million during 2024, fully covering scheduled principal amortization payments due through December 31, 2025[45] - Cash flows used in investing activities were $50.6 million in the first nine months of 2024, including $31.4 million for capital expenditures and $20.0 million for business acquisition[124]

Group 1 - LCI reported quarterly earnings of $1.39 per share, exceeding the Zacks Consensus Estimate of $1.31 per share, and up from $1.02 per share a year ago, representing an earnings surprise of 6.11% [1] - The company achieved revenues of $915.5 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.15%, although this is a decrease from $959.32 million in the same quarter last year [2] - LCI has consistently surpassed consensus EPS estimates over the last four quarters, indicating a strong performance trend [2] Group 2 - The stock has underperformed the market, losing about 4.7% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.83 on revenues of $878.15 million, and for the current fiscal year, it is $5.97 on revenues of $3.81 billion [7] Group 3 - The Zacks Industry Rank places the Automotive - Original Equipment sector in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for LCI is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]

Financial Performance - Net sales for Q3 2024 were $915 million, a decrease of 5% year-over-year from $959.3 million in Q3 2023[2] - Net income for Q3 2024 was $36 million, or $1.39 per diluted share, up 38% from $25.9 million, or $1.02 per diluted share in Q3 2023[2][4] - EBITDA for Q3 2024 was $85 million, representing 9.3% of net sales, an 8% increase from $78.9 million in Q3 2023[2][4] - Operating profit margin improved to 5.9% in Q3 2024, up from 4.8% in Q3 2023[2] - Net sales for Q3 2024 were $915,497, a decrease of 4.6% from $959,315 in Q3 2023[21] - Gross profit increased to $219,958 in Q3 2024, up 4.8% from $210,948 in Q3 2023[21] - Operating profit for Q3 2024 was $53,888, representing a 18.5% increase compared to $45,590 in Q3 2023[21] - Net income for Q3 2024 rose to $35,612, a 37.5% increase from $25,887 in Q3 2023[21] - Basic net income per share increased to $1.40 in Q3 2024, up from $1.02 in Q3 2023[21] - Net income for the nine months ended September 30, 2024, was $133,320,000, a significant increase from $66,572,000 in the same period of 2023, representing a 100.4% growth[25] - EBITDA for the nine months ended September 30, 2024, was $298,103,000, compared to $219,625,000 for the same period in 2023, reflecting a 35.7% increase[29] - Net sales for the nine months ended September 30, 2024, were $2,938,070,000, slightly down from $2,947,264,000 in 2023, indicating a decrease of 0.3%[29] Cash Flow and Liquidity - Cash flows from operations for the last twelve months ended September 30, 2024, were $402 million, indicating strong cash generation[3] - The company maintained a strong liquidity position with $161 million in cash and cash equivalents and $383 million available on its revolving credit facility as of September 30, 2024[2] - The company used $80.2 million for dividend payments and $20 million for an acquisition in the nine months ended September 30, 2024[12] - The company reported a net cash flow from operating activities of $263,688,000 for the nine months ended September 30, 2024, compared to $389,263,000 in the same period of 2023, a decline of 32.2%[25] - The remaining availability under the revolving credit facility was $383.1 million as of September 30, 2024, up from $178.5 million at the end of 2023[27] Sales Performance by Segment - OEM net sales for Q3 2024 were $684.5 million, down 6% year-over-year, primarily due to lower sales to marine and utility trailer OEMs[7] - Aftermarket net sales for Q3 2024 were $231 million, consistent with the same period in 2023, driven by market share gains in the automotive aftermarket[9] - The OEM Segment net sales for Q3 2024 were $684,461, down from $728,467 in Q3 2023[23] - Aftermarket Segment net sales for Q3 2024 were $231,036, a slight increase from $230,848 in Q3 2023[23] Tax and Expenses - The effective tax rate for Q3 2024 was 24.8%, down from 26.6% in Q3 2023, due to a discrete tax benefit[11] - Capital expenditures for the full year are estimated to be between $35 million and $45 million[27] - The depreciation and amortization expense for the full year is projected to be between $125 million and $135 million[27] Assets and Liabilities - Total current assets as of September 30, 2024, were $1,244,873, an increase from $1,116,870 as of December 31, 2023[24] - Cash and cash equivalents increased to $161,184 as of September 30, 2024, compared to $66,157 as of December 31, 2023[24] - Total liabilities were $1,606,642 as of September 30, 2024, slightly up from $1,604,283 as of December 31, 2023[24] Operational Efficiency - The company’s inventory turns improved to 3.9 times based on the last twelve months, compared to 3.3 times in the previous period[27] - The average net income as a percentage of net sales for the nine months ended September 30, 2024, was 4.5%, up from 2.3% in the same period of 2023[29] Market Trends - The company experienced a decrease in travel trailer and fifth-wheel RV wholesale production to 68.5 thousand units in September 2024, down from 61.5 thousand units in September 2023[26]

Group 1 - LCI (LCII) has a strong history of beating earnings estimates, with an average surprise of 85.74% over the last two quarters [1] - In the last reported quarter, LCI achieved earnings of $2.40 per share, exceeding the Zacks Consensus Estimate of $2.29 per share by 4.80% [1] - In the previous quarter, LCI's earnings were $1.44 per share against an expected $0.54 per share, resulting in a surprise of 166.67% [1] Group 2 - There has been a favorable change in earnings estimates for LCI, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] - LCI currently has an Earnings ESP of +1.98%, suggesting analysts are optimistic about its near-term earnings potential [3] Group 3 - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - A negative Earnings ESP does not necessarily indicate an earnings miss but reduces the predictive power of the metric [3] - It is important to check a company's Earnings ESP before quarterly releases to improve the odds of success [4]

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $1.1 billion, a 4% increase year-over-year, with EBITDA rising nearly 40% and margins expanding by over 300 basis points [3][25][29] - Gross margins improved to 25.3% from 21.5% in the prior year, driven by lower inbound freight and better fixed cost absorption [28] - GAAP net income for Q2 2024 was $61.2 million, or $2.40 per diluted share, compared to $33.4 million, or $1.31 per diluted share in Q2 2023 [29] Business Line Data and Key Metrics Changes - RV OEM net sales increased by 20% to $490 million, driven by a 15% increase in North American travel trailer and fifth-wheel wholesale shipments [25][27] - Aftermarket net sales were $258 million, up 1% year-over-year, with operating margins in the aftermarket segment increasing approximately 120 basis points [12][27] - Adjacent Industries OEM net sales decreased by 12% to $306 million, primarily due to lower sales in North American marine and utilities trailer OEMs [26][27] Market Data and Key Metrics Changes - North American marine OEM net sales were down 33% year-over-year, reflecting ongoing softness in the marine retail environment [27][15] - International sales were down slightly by 1% year-over-year, with performance in Europe remaining strong [27][18] Company Strategy and Development Direction - The company is focused on a diversification strategy that has expanded its reach into attractive markets, including transportation, residential building products, and marine [4][11] - Continuous improvement initiatives have led to over 25,000 projects completed in 2024, enhancing operational efficiencies and quality [6] - The company plans to continue strategic acquisitions and return capital to shareholders while investing in R&D and innovation [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the RV market's resilience despite current softness in retail demand, anticipating a gradual recovery [10][35] - The company expects RV wholesale shipments to range between 315,000 to 325,000 units for the year, adjusting for current market conditions [31] - Management highlighted the importance of innovation and strong customer relationships as key drivers for future growth [11][12] Other Important Information - The company has reduced its net inventory balance to $688 million, down from $768 million at the end of 2023 [30] - The company anticipates capital expenditures in the range of $40 million to $60 million for the year, reflecting a cautious approach in the current environment [32][65] Q&A Session Summary Question: Can you discuss the deceleration from the trends seen in July? - Management noted that the favorable comparisons in July were due to last year's extended shutdowns, and they expect a slowdown in August and September due to planned shutdowns [33][34] Question: What are the expectations for RV model year '25 conversion? - Management indicated that while they are loading up on content, they expect lower volume in the back half of the year due to current market conditions [35] Question: How do you see organic content growth in towables? - Management confirmed that organic content growth has been around 1% recently, with expectations to improve as new products are introduced [38][39] Question: What is the outlook for marine inventory levels? - Management expects continued destocking in the marine sector, with normalization anticipated by the spring selling season next year [46][47] Question: Can you discuss the M&A pipeline and capital allocation? - Management confirmed a robust M&A pipeline with several opportunities being evaluated, while maintaining a focus on a strong balance sheet [48][49]

Financial Performance - Net income for the three months ended June 30, 2024, was $61,163,000, a 83% increase from $33,426,000 in the same period of 2023[8] - Total comprehensive income for the six months ended June 30, 2024, was $92,642,000, compared to $43,548,000 for the same period in 2023, reflecting a 112% increase[8] - Net income for the six months ended June 30, 2024, was $97.7 million, a substantial increase from $40.7 million in the same period of 2023, representing a growth of approximately 140%[8] - Consolidated net sales for Q2 2024 increased by 3.9% to $1.1 billion, compared to $1.0 billion in the same period of 2023[90] - Net income for Q2 2024 was $61.2 million, or $2.40 per diluted share, compared to $33.4 million, or $1.31 per diluted share, for the same period of 2023[90] Cash and Liquidity - Cash and cash equivalents increased to $130,418,000 as of June 30, 2024, up from $66,157,000 at the end of 2023, representing a 97% increase[10] - The Company has a $600.0 million revolving credit facility, with $373.1 million available as of June 30, 2024[45] - Cash flows used in financing activities for the first six months of 2024 were $79.1 million, compared to $243.3 million in the same period of 2023, indicating a significant decrease[116] - As of June 30, 2024, the company had $130.4 million in cash and cash equivalents, and $373.1 million available under its revolving credit facility[109] Assets and Liabilities - Total assets reached $3,011,979,000 as of June 30, 2024, up from $2,959,319,000 at the end of 2023, marking a 1.8% increase[10] - Total liabilities increased slightly to $1,617,566,000 from $1,604,283,000, a 0.8% rise[10] - Long-term indebtedness decreased to $829,188,000 as of June 30, 2024, from $846,834,000 at December 31, 2023, a reduction of 2.1%[10] Stockholder Equity and Dividends - Total stockholders' equity increased to $1,394,413,000 from $1,355,036,000, a rise of 2.9%[10] - The Company declared total dividends of $53.455 million for the first half of 2024, maintaining a dividend per share of $1.05[62] - Cash dividends paid were $26,734,000, maintaining a dividend of $1.05 per share[18] Segment Performance - The OEM Segment accounted for 77% of consolidated net sales for the six months ended June 30, 2024, with net sales of $1,554.4 million, compared to $1,517.2 million in the same period of 2023[67][71] - The Aftermarket Segment contributed 23% to consolidated net sales, generating $468.1 million for the six months ended June 30, 2024, slightly down from $470.8 million in 2023[68][71] - Operating profit for the OEM Segment was $83.4 million for the six months ended June 30, 2024, compared to $17.9 million in the same period of 2023, indicating significant growth[72] - The Aftermarket Segment's operating profit increased to $64.8 million for the six months ended June 30, 2024, up from $57.3 million in 2023[72] Inventory and Capital Expenditures - Total inventories decreased to $687.870 million as of June 30, 2024, down from $768.407 million at the end of 2023, indicating a reduction of approximately 10.5%[37] - Capital expenditures in the first six months of 2024 were $21.3 million, with total cash flows used in investing activities amounting to $40.7 million[114] Operational Insights - The company operates over 110 manufacturing and distribution facilities across North America and Europe as of June 30, 2024[20] - Approximately 57% of net sales for the three months ended June 30, 2024, were generated outside the North American RV OEM market, indicating a diversification strategy[79] - The company continues to supply a broad array of engineered components for the recreation and transportation markets, including RVs, boats, and trailers[77] Market Conditions and Risks - Retail demand for travel trailers and fifth-wheel RVs decreased by 11% in the first six months of 2024 compared to the same period in 2023, primarily due to inflation and elevated interest rates[84] - Forward-looking statements indicate potential risks including commodity price fluctuations and market demand, which could impact future financial performance[126] Compliance and Governance - The Company maintained compliance with all financial covenants as of June 30, 2024, ensuring adherence to its credit agreement[117] - The company is evaluating the impact of new accounting standards effective after December 15, 2023, which may affect segment reporting and income tax disclosures[27][28]

LCI (LCII) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.80%. A quarter ago, it was expected that this recreational vehicle parts supplier would post earnings of $0.54 per share when it actually produced earnings of $1.44, delivering a surprise of 166.67%. Over the last four quar ...