RV shipment decline - Co said lower North American RV wholesale shipments were the main driver of decreased net sales
Cost actions - Margin expansion was attributed to disciplined operational efficiencies, strategic cost reduction actions, and materials sourcing strategies
Aftermarket growth - Aftermarket segment sales rose on price increases, acquired businesses, and higher automotive aftermarket volumes
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$968.68 mln
$1.14 bln (10 Analysts)
Q2 Net Income
$67.14 mln
Q2 Capex
$18.76 mln
Q2 Gross Profit
$301.14 mln
Q2 Operating income
$95.96 mln
Q2 Pretax Profit
$90.20 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for LCI Industries is $137.00, about 28% above its August 4 closing price of $107.05
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago
LCII•
