LCI Industries (LCII) saw its stock price surge 5.46% in Tuesday's pre-market trading session on the back of better-than-expected fourth-quarter results and an upbeat outlook for 2025.
The company, a leading supplier of engineered components to the recreation and transportation markets, reported Q4 earnings of $0.37 per share, surpassing analysts' estimates of $0.27. Revenue of $803.1 million also exceeded expectations, driven by a 7% increase in North American RV wholesale shipments and market share gains.
For the full year 2024, LCI Industries posted net income of $142.9 million, or $5.60 per diluted share, a significant improvement from $64.2 million, or $2.52 per share, in 2023. EBITDA rose 35% year-over-year to $343.9 million, reflecting the company's operational improvements and cost-saving initiatives.