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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.