LCII - Automobile Components LCI Industries Misses Q4 Expectations But Bets Big on RV Boom | Benzinga
LCI Industries Inc (NYSE:LCII) reported fourth-quarter FY23 revenues of sales decline of 6% Y/Y to $837.5 million, missing the consensus of $838.3 million.
Revenue declined Y/Y due to decreased North American marine production levels, lower selling prices (indexed to select commodities), and reduced North American RV wholesale shipments.
OEM net sales fell 10% Y/Y to $658.1 million, with RV OEM net sales of $388.9 million (-10% Y/Y) and Adjacent Industries OEM net sales of $269.2 million (-9% Y/Y). Also, North American marine OEM net sales tumbled 41% Y/Y to $64.6 million in the quarter.
On the other hand, Aftermarket net ...