LCI Industries(US:LCII)2025-10-30 11:29Financial Performance - Consolidated net sales grew 13.2% to $1,036.5 million in Q3 2025, up from $915.5 million in Q3 2024[5] - Net income increased 75% to $62 million, or $2.55 per diluted share, compared to $36 million, or $1.39 per diluted share in Q3 2024[7] - Adjusted EBITDA rose 24% to $106 million, representing 10.2% of net sales[5] - Operating profit for the three months ended September 30, 2025, was $75,439, up 39.9% from $53,888 in the prior year[29] - Net income for the nine months ended September 30, 2025, was $169,566, representing a 27.1% increase compared to $133,320 for the same period in 2024[33] - Net income for Q3 2025 was $62.5 million, a 75.5% increase from $35.6 million in Q3 2024[37] - Adjusted EBITDA for Q3 2025 reached $105.9 million, compared to $85.2 million in Q3 2024, reflecting a 24.5% increase[37] - The company reported an adjusted net income of $48.1 million for Q3 2025, compared to $35.6 million in Q3 2024, marking a 35% increase[39] Segment Performance - OEM segment net sales increased 15% to $790 million, driven by higher RV sales and acquisitions[9] - Aftermarket segment net sales grew 7% to $246.5 million, supported by product innovations and increased demand[11] - The OEM Segment net sales for the three months ended September 30, 2025, totaled $790,023, a 15.4% increase from $684,461 in the same quarter of 2024[29] Cash Flow and Shareholder Returns - Cash flows from operations totaled $359 million for the last twelve months ended September 30, 2025[5] - The company returned $215 million to shareholders through dividends and share repurchases year-to-date[5] Future Projections - Projected October 2025 net sales of approximately $380 million, up 15% from the prior year[22] - 2025 North American RV wholesale shipments expected to be between 340,000 and 350,000 units[22] - The company plans to explore divestiture opportunities of approximately $75 million in revenues that are dilutive to the business in 2026[22] Assets and Liabilities - Total current assets as of September 30, 2025, were $1,369,132, compared to $1,160,238 as of December 31, 2024, reflecting a 18.0% increase[31] - Cash and cash equivalents at the end of the period were $199,721, up from $165,756 at the beginning of the period, marking a 20.5% increase[33] - The remaining availability under the revolving credit facility increased to $595.2 million as of September 30, 2025, up from $383.1 million a year earlier[35] Operational Efficiency - Days sales in accounts receivable improved to 29.4 days in the last twelve months, down from 30.6 days in the previous year[35] - The company achieved an inventory turnover of 4.2 times in the last twelve months, compared to 3.9 times in the previous year[35] Capital Expenditures - Capital expenditures for the nine months ended September 30, 2025, were $38,071, compared to $31,390 in the same period of 2024, indicating a 21.3% increase[33] - The estimated full-year capital expenditures are projected to be between $45 million and $55 million[35] Taxation - The annual tax rate is estimated to be between 25% and 27% for the full year[35]