LCI Industries' January 2024 Consolidated Net Sales ~$308M, Up 13% YoY
Portfolio Pulse from Benzinga Newsdesk
LCI Industries reported January 2024 consolidated net sales of approximately $308 million, marking a 13% increase from January 2023. This growth is attributed mainly to a 57% rise in North American RV production, despite a 44% drop in marine sales compared to the same period last year.
February 13, 2024 | 12:15 pm
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LCI Industries reported a 13% year-over-year increase in January 2024 consolidated net sales, reaching approximately $308 million, primarily due to a significant rise in North American RV production.
The reported increase in net sales for LCI Industries is a positive indicator of the company's performance, especially given the substantial growth in the North American RV production sector. This growth, despite the decline in marine sales, suggests a strong demand for RVs, which is a key market for LCI Industries. The positive sales growth is likely to be viewed favorably by investors, potentially leading to a short-term increase in the stock price.
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