LCI Industries Q2 Earnings Top Estimates

LCI Industries LCII reported second-quarter FY22 sales growth of 40% year-on-year to $1.54 billion, beating the consensus of $1.45 billion.
Revenue growth was primarily driven by price realization, market share gains, acquisitions, and increased wholesale shipments.
North American RV OEM sales grew 58% Y/Y to $864.3 million, driven by wholesale shipments and market share gains.
North American adjacent industries OEM sales increased 39% Y/Y to $323.7 million.
Gross profit rose 58.8% Y/Y to $409.1 million. Operating profit for the quarter rose 132.7% to $218.8 million.
The company held $55 million in cash and equivalents as of June 30, 2022. Net cash flows provided by operating activities for the six months totaled $347.9 million.
EBITDA increased 108% Y/Y to $250.7 million.
EPS of $6.06 beat the consensus of $5.17.
July 2021 net sales increased 5% to $368.4 million.
Price Action: LCII shares are trading lower by 1.84% at $125.94 on the last check Tuesday.