Thor Industries, Winnebago rise after LCI Industries pre-announces sales beat » 15:3704/1404/14/21
THO, WGO, LCII
Shares of RV makers Thor…
Shares of RV makers Thor Industries (THO) and Winnebago (WGO) are up about 1% apiece after LCI Industries (LCII) guided to preliminary net sales to be approximately $1.0B in the first quarter, which was well above the consensus near $880M. "Following a pivotal year in the RV industry during 2020, we had another strong quarter, with sales anticipated to have increased more than 50% over the first quarter of 2020, as we continued to meet exceptional demand across the outdoor recreation space," said Jason Lippert, LCI Industries' President and CEO. In afternoon trading following the pre-announcement, LCI shares are up $4.98, or about 4%, to $141.62.
LCI Industries trading resumes 15:1804/1404/14/21
LCI Industries sees Q1 revenue $1.0B,consensus $880.28M » 15:0604/1404/14/21
LCI Industrie provided…
LCI Industrie provided preliminary net sales results for the first quarter of 2021. LCI Industries anticipates consolidated net sales for the first quarter of 2021 to be approximately $1.0B. Additional information will be provided in the Company's upcoming earnings release and Form 10-Q, which we anticipate filing in early May 2021. "Following a pivotal year in the RV industry during 2020, we had another strong quarter, with sales anticipated to have increased more than 50% over the first quarter of 2020, as we continued to meet exceptional demand across the outdoor recreation space. These record results illustrate the strength of our teams, as well as the resilience of our business as we captured new growth opportunities while mitigating supply chain constraints facing the larger industry," commented Jason Lippert, LCI Industries' President and Chief Executive Officer.
LCI Industries trading halted, news pending 14:2804/1404/14/21
|Over a month ago|
LCI Industries participates in a conference call hosted by CL King » 10:2203/0403/04/21
CL King holds a…
CL King holds a conference call with CEO Hall on March 4 .
Lippert promotes Eileen Pruitt to Deputy CHRO, Senior Legal Counsel » 08:0302/2502/25/21
LCI Industries supplies a…
LCI Industries supplies a broad array of highly engineered components for the leading original equipment manufacturers (n the recreation and transportation product markets, and the related aftermarkets of those industries, today announced the promotion of Eileen Pruitt to Deputy Chief Human Resources Officer and Senior Legal Counsel. In her expanded role, Pruitt will work closely with Nick Fletcher, Executive Vice President and Chief Human Resources Officer, to develop and implement the global human resources strategy for the company and its over 10,000 employees. Pruitt will also oversee all employment-related legal matters.
LCI Industries reports Q4 EPS $1.92, consensus $1.79 » 07:1802/0902/09/21
Reports Q4 revenue $783M,…
Reports Q4 revenue $783M, consensus $723.12M. The increase in year-over-year net sales for Q4 was primarily driven by record RV retail demand, in addition to the impact of acquisitions and organic growth across the company's aftermarket segment and international markets. Net sales from acquisitions completed in 2019 and 2020 contributed approximately $73M in Q4. The company's average product content per travel trailer and fifth-wheel RV, adjusted to remove Furrion sales from prior periods, for the twelve months ended December 31, 2020, increased $44 to $3,390, compared to $3,346 for the twelve months ended December 31, 2019. The content increase in towables was a result of organic growth, including new product introductions. "2020 proved to be a historic year for LCI Industries in many respects, starting with our response to the COVID-19 pandemic and related shutdowns, and culminating with record annual net sales of $2.8 billion. This could not have been possible without the tremendous efforts of our team. They successfully navigated an unprecedented economic environment to capture incredible industry demand, while also working to mitigate supply chain and labor constraints that have impacted the wider RV and marine space. Our team marched right into the storm, led by an experienced leadership team, which has proven time and again that they can pivot quickly - even in times of global crisis - to position LCI Industries to emerge stronger and ready for growth. This outperformance is a testament to the strong, cohesive culture which we continue to foster throughout our Company, and I am thankful for each and every one of our teammates across the globe," commented Jason Lippert, LCI Industries' president and CEO.
Fly Intel: After-Hours Movers » 18:5902/0302/03/21
ELF, AVNW, EBAY, ALGN, EMKR, HI, MXL, PYPL, ECHO, IAC, INOV, TBI, TTMI, MET, CTVA, YUMC, OEG, HYRE, LCII, ANGI, IVAC, QRVO, QCOM, LNC, CTSH, NTGR, GRUB
Check out this evening's…
|Over a quarter ago|
LCI Industries CEO sells 10,000 common shares » 16:1412/2212/22/20
In a regulatory filing,…
In a regulatory filing, LCI Industries president and CEO Jason Lippert disclosed the sale of 10,000 common shares of the company on December 18 at a price of $135 per share.
LCI Industries management to meet virtually with Sidoti » 04:5511/0911/09/20
Virtual Meeting to be…
Virtual Meeting to be held on November 9 hosted by Sidoti.