LCI Industries Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 02, 2022 at 07:00 am EDT
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LCI Industries reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1,536.15 million compared to USD 1,093.72 million a year ago. Net income was USD 154.53 million compared to USD 67.89 million a year ago. Basic earnings per share from continuing operations was USD 6.07 compared to USD 2.69 a year ago. Diluted earnings per share from continuing operations was USD 6.06 compared to USD 2.67 a year ago.
For the six months, sales was USD 3,180.72 million compared to USD 2,093.98 million a year ago. Net income was USD 350.71 million compared to USD 142.01 million a year ago. Basic earnings per share from continuing operations was USD 13.82 compared to USD 5.63 a year ago. Diluted earnings per share from continuing operations was USD 13.76 compared to USD 5.6 a year ago.
LCI Industries is primarily engaged in supplying, domestically and internationally a range of engineered components for the original equipment manufacturer in the recreation and transportation product markets, consisting primarily of recreational vehicles and adjacent industries. The Company's segments include the original equipment manufacturers and the aftermarket. Its products include steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen and other products; vinyl, aluminum, and frameless windows; manual, electric and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems, and other accessories. The Company operates over 130 manufacturing and distribution facilities.