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LCI Industries Q2 profit climbs 6.2% YOY

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Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

LCI Industries Q2 profit climbs 6.2% YOY

LCI Industries said its normalized net income for the second quarter amounted to $1.55 per share, compared with the S&P Capital IQ consensus estimate of $1.59 per share.

EPS rose year over year from $1.48.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $39.1 million, a gain of 6.2% from $36.9 million in the prior-year period.

The normalized profit margin declined to 7.1% from 8.4% in the year-earlier period.

Total revenue grew 24.2% on an annual basis to $547.5 million from $440.8 million, and total operating expenses climbed 27.0% year over year to $484.4 million from $381.4 million.

Reported net income grew 6.9% on an annual basis to $40.2 million, or $1.59 per share, from $37.6 million, or $1.51 per share.