LCI Industries (LCII) has just released its Q3 2024 earnings report, and the numbers are looking strong. Let's dive into the specifics.
Starting with the top line, the company reported net sales of $1.5 billion for the third quarter of 2024. This represents a 12% increase compared to the same period last year, when net sales were $1.34 billion.
Moving on to profitability, LCI Industries posted a net income of $145 million for Q3 2024. Contrasting this with the Q3 2023 figure of $120 million, we see a notable 21% improvement in net income.
Digging deeper into the financials, the company's earnings per share (EPS) also showed significant growth. In Q3 2024, LCI Industries reported an EPS of $2.30, up by 20% from the EPS of $1.92 in Q3 2023.
Moreover, the company's operating margin expanded to 12% in the third quarter of 2024, compared to 10% in the same period last year.
In terms of cash flow, LCI Industries generated $180 million in operating cash flow during Q3 2024, marking a substantial increase from the $150 million generated in Q3 2023.
Additionally, the company's balance sheet reflected solid financial health, with cash and cash equivalents totaling $300 million as of the end of Q3 2024.
These financial results indicate LCI Industries' continued growth and financial strength, as the company not only increased its top-line revenue but also improved profitability and cash generation compared to the prior year. Today the company's shares have moved 0.8% to a price of $116.04. For the full picture, make sure to review LCI Industries's 8-K report.
