Description
LCI Industries: Initiation Of Coverage – Is The RV Recovery & The Strength In The Aftermarket Sector Here To Stay?
LCI Industries recently shared their second quarter earnings for 2024, reflecting a nuanced performance
characterized by both challenges and growth opportunities. On one hand, the company reported a 4% year-overyear
revenue increase to $1.1 billion, with significant contributions from the Recreational Vehicle (RV) Original
Equipment Manufacturer (OEM) sector, which grew by about 20%. This growth was underpinned by a 15% rise
in North American travel trailer and fifth-wheel wholesale shipments. Additionally, LCI Industries reported a
substantial increase in EBITDA by approximately 40%, along with a 300 basis point expansion in market
margins.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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