LCI Industries Announces Quarterly Cash Dividend of $1.05

ELKHART, Ind.  – LCI Industries (NYSE: LCII), which, through its wholly-owned subsidiary, Lippert Components Inc., supplies a broad array of highly engineered components for the leading original equipment manufacturers in the recreation and transportation product markets, announced Aug. 22 that its board of directors approved a regular quarterly cash dividend of $1.05 per share of common stock.

The dividend is payable on Sept. 16 to stockholders of record at the close of business on Sept. 2.

The announcement follows the company’s second quarter 2022 financial performance report, which was highlighted by net sales of $1.5 billion, up 40% year-over-year.

Other highlights included:

• Net income of $154.5 million, or $6.06 per diluted share, in the second quarter, up $86.6 million, or 128%, year-over-year
• EBITDA of $250.7 million, up $130.0 million, or 108%, year-over-year
• Quarterly dividend of $1.05 per share paid totaling $26.7 million in the second quarter

Jason Lippert

“We continued to execute on strategic priorities to deliver strong results in the second quarter, highlighted by robust revenue and EBITDA growth as we navigate a challenging operating environment. Our culture of innovation and operational excellence has supported our expansion in the Aftermarket, Marine, and RV OEM markets while assisting us to meet consumer demand for quality, technologically sophisticated products,” Jason Lippert, LCI Industries’ president and chief executive officer, stated at the time.