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LCI Industries Q1 profit climbs 8.4% YOY

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LCI Industries Q1 profit climbs 8.4% YOY

LCI Industries said its first-quarter normalized net income amounted to $1.47 per share, compared with the S&P Capital IQ consensus estimate of $1.65 per share.

EPS rose 6.4% year over year from $1.38.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $37.2 million, an increase of 8.4% from $34.3 million in the year-earlier period.

The normalized profit margin dropped to 7.5% from 8.1% in the year-earlier period.

Total revenue grew 17.9% on an annual basis to $498.3 million from $422.8 million, and total operating expenses increased 19.3% from the prior-year period to $438.4 million from $367.4 million.

Reported net income increased 20.1% year over year to $43.2 million, or $1.71 per share, from $36.0 million, or $1.45 per share.