LCII - LCI Industries (LCII) Q1 2024 Earnings Call Transcript
2024-05-08 15:17:11 ET
LCI Industries (LCII)
Q1 2024 Earnings Conference Call
May 8, 2024 08:30 ET
Company Participants
Lillian Etzkorn - Chief Financial Officer
Jason Lippert - President and Chief Executive Officer
Conference Call Participants
Fred Wightman - Wolfe Research
Scott Stember - ROTH MKM
Mike Swartz - Truist Securities
Tristan Thomas-Martin - BMO Capital Markets
Alice Wycklendt - Baird
Brandon Rolle - D.A. Davidson
Presentation
Operator
Hello, everyone and welcome to the LCI First Quarter Earnings Call. My name is Emily and I’ll be moderating your call today. [Operator Instructions] I will now turn the call over to our host, Lillian Etzkorn to begin.
Lillian Etzkorn
Good morning, everyone, and welcome to the LCI Industries first quarter 2024 conference call. I am joined on the call today with Jason Lippert, President and CEO; along with Kip Emenhiser, VP of Finance and Treasurer.
We will discuss the results for the quarter in just a moment, but first, I would like to inform you that certain statements made in today’s conference call regarding LCI Industries and its operations may be considered forward-looking statements under the security laws and involve a number of risks and uncertainties. As a result, the company cautions you that there are a number of factors, many of which are beyond the company’s control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors are discussed in our earnings release and in our Form 10-K and in other filings with the SEC. The company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.
With that, I would like to turn the call over to Jason.
Jason Lippert
Thanks, Lillian, and good morning. I’d like to welcome everyone to our first quarter 2024 earnings call. We have started off the year exceeding expectations with strong profits and margin expansion in the first quarter, driven almost entirely by the continued strength in our diversified businesses and our disciplined operational execution. It is important to emphasize that Lippert is fundamentally much more than just a supplier to RV OEMs, thanks to our strategic execution around diversification over the last decade. The global expansion of Lippert brand into growing markets like transportation, building products, automotive, marine and RV aftermarkets, manufactured housing, Europe and other adjacencies has been a key boost to performance in recent years, helping mitigate the cyclical impact that the RV industry can have....
LCI Industries (LCII) Q1 2024 Earnings Call Transcript