- LCI Industries (NYSE:LCII) reported second-quarter FY22 sales growth of 40% year-on-year to $1.54 billion, beating the consensus of $1.45 billion.
- Revenue growth was primarily driven by price realization, market share gains, acquisitions, and increased wholesale shipments.
- North American RV OEM sales grew 58% Y/Y to $864.3 million, driven by wholesale shipments and market share gains.
- North American adjacent industries OEM sales increased 39% Y/Y to $323.7 million.
- Gross profit rose 58.8% Y/Y to $409.1 million. Operating profit for the quarter rose 132.7% to $218.8 million.
- The company held $55 million in cash and equivalents as of June 30, 2022. Net cash flows provided by operating activities for the six months totaled $347.9 million.
- EBITDA increased 108% Y/Y to $250.7 million.
- EPS of $6.06 beat the consensus of $5.17.
- July 2021 net sales increased 5% to $368.4 million.
- Price Action: LCII shares are trading lower by 1.84% at $125.94 on the last check Tuesday.
‘Lawsuit Filed By Attorney General Matthew Platkin, New Jersey Division Of Consumer Affairs Accuses Five Oil And Gas Companies Of Misleading The Public About Their Products And Climate Change’ – State Of New Jersey | Department Of Law & Public Safety
Lawsuit Filed by AG, NJDEP, and Division of Consumer Affairs Accuses Five Oil and Gas Companies of Misleading the Public About Their Products and Climate Change - New Jersey Office of Attorney General
