LCI INDUSTRIES

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04/25LCI INDUSTRIES : Lippert Promotes Julie Markiewicz to Vice President of Internal Audit and Compliance
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04/21LCI INDUSTRIES : Lippert Names Matthew Johnston Managing Director of Lippert Marine Group Europe
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04/19LCI INDUSTRIES FIRST-QUARTER 2022 CONFERENCE CALL SCHEDULED FOR MAY 10, 2022, AT 8 : 30 a.m. ET - Form 8-K
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LCI Industries : Lippert Names Matthew Johnston Managing Director of Lippert Marine Group Europe

04/21/2022 | 10:55am EDT

April 21, 2022

Elkhart, Ind. - Lippert Components, Inc. (Lippert™), a supplier of a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, and the related aftermarkets of those industries, announces today that Matthew Johnston has been named Managing Director for Lippert Marine Group Europe. In this role, he will manage three Marine Group brands - Lewmar®, Trend®, and Taylor Made® Ireland, which includes two sites in the UK and one site in Ireland.

Johnston has more than 20 years of experience in the industry and has held several positions within Lewmar including Custom and OEM Sales Manager, Sales and Marketing Director, and most recently, Group Commercial Director for Lippert's Marine Group. Since July 2019, he has acted as a Marine Group representative on the wider Lippert Corporate EU leadership board, further developing a skillset that provides a unique mix of commercial experience and having a proven record of operating within a lean management buy-out environment.

In his new role, Johnston will be responsible for growing the Marine Group footprint in Europe through innovative product development, creating new products, and supporting acquisitions. He is also looking forward to guiding the teams on their cultural journey as they grow and create a stronger, more agile group.

"It's an exciting time to be leading the Marine Group as we develop the footprint for Lippert within Europe," stated Johnston. "In order to expedite our growth in this evolving market, we are focused on the development of our people and culture, balanced with driving innovation through product design. These building blocks are integral to elevating our customer experience as Lippert aspires to be the market leader in this arena."

"We're excited to have Matt lead our Lippert Marine Group Europe (Lewmar, Trend, and Taylor Made Ireland)," said Jim Menefee, Group President of Europe. "He's a great fit for our culture and the core values that define us as a company. Matt's extensive experience with building outstanding customer relationships along with his product knowledge within the group will serve as a major benefit to the team as we seek to expand the Marine market."

In his free time, Johnston enjoys hill walking, running, and mountain biking, and has also been a keen racing dinghy sailor and boater all of his life. Most recently, he has taken up powerboating with a classic 1960's British powerboat. He deems himself a "self-professed petrol head" with a passion for cars built in the Edwardian era, and he can often be found driving a 1914 Edwardian racing car.

About LCI Industries®

With over 90 manufacturing and distribution facilities located throughout North America, Europe, Africa, and Asia, Lippert™ is a leading, global manufacturer and supplier of highly engineered products and customized solutions dedicated to shaping, growing, and bettering the RV, marine, automotive, commercial vehicle, and building products industries, and their adjacent markets. Lippert also serves a broad array of aftermarket segments, supplying best-in-class products designed to enhance recreational pursuits, both on the road and on the water. From powerful towing technology and automated RV leveling systems, to boating furniture and one-of-a-kind shade solutions - Lippert combines strategic manufacturing capabilities with the power of our winning team culture to deliver unrivaled Customer Service, award-winning Innovation, and premium Products to every industry and person we serve.

Lippert
3501 County Road 6 East
Elkhart, IN 46514
Email: marcom@lci1.com

Disclaimer

LCI Industries published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 14:54:08 UTC.


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Financials (USD)
Sales 2022 5 240 M - -
Net income 2022 394 M - -
Net Debt 2022 - - -
P/E ratio 2022 6,96x
Yield 2022 3,50%
Capitalization 2 719 M 2 719 M -
Capi. / Sales 2022 0,52x
Capi. / Sales 2023 0,53x
Nbr of Employees 13 900
Free-Float 86,4%
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Mean consensus BUY
Number of Analysts 6
Last Close Price 107,00 $
Average target price 166,43 $
Spread / Average Target 55,5%
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Managers and Directors
Jason Douglas Lippert President, Chief Executive Officer & Director
Brian Michael Hall Chief Financial Officer & Executive Vice President
Tracy D. Graham Chairman
Ryan Richard Smith Senior Vice President-Operations
Jamie M. Schnur Chief Administrative Officer
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