LCII - LCI GAAP EPS of $1.31 beats by $0.06 revenue of $1B in-line
2023-08-08 07:08:32 ET
- LCI press release ( NYSE: LCII ): Q2 GAAP EPS of $1.31 beats by $0.06 .
- Revenue of $1B (-33.3% Y/Y) in-line.
- Net income of $33 million, or $1.31 per diluted share, in the second quarter, down 78% year-over-year
- EBITDA of $88 million, down 65% year-over-year
- Continued execution of diversification strategy with North American RV OEM net sales less than 42% of total net sales for twelve months ended June 30, 2023
- Inventory reduction of $200 million year-to-date through June 30, 2023
- Net repayments of long-term indebtedness of $179 million year-to-date through June 30, 2023.
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LCI GAAP EPS of $1.31 beats by $0.06, revenue of $1B in-line