LCI Industries Reports Strong Q4 Earnings, Exceeding Analyst Expectations
LCI Industries (LCII) announced its fourth-quarter financial results on Tuesday, reporting a net income of $9.5 million, or $0.37 per share. These results exceeded analysts' expectations, with Zacks Investment Research estimating earnings of $0.28 per share.
Revenue for the quarter reached $803.1 million, also surpassing analysts' estimates of $800.5 million. For the full year, LCI posted a net income of $142.9 million, or $5.60 per share, on revenue of $3.74 billion.
The Elkhart, Indiana-based company attributed its strong performance to increased demand for recreational vehicles. LCI is a leading supplier of components for the RV industry, including chassis, axles, and interiors.
Analysts remain optimistic about LCI's prospects, citing continued growth in the RV market. Zacks Investment Research maintains a "Buy" rating on LCII stock, with a target price of $120. Investors interested in further analysis can access a Zacks stock report on LCII at https://www.zacks.com/ap/LCII.