LCI Industries(US:LCII)2021-08-16 18:52Financial Performance - LCI Industries reported record net sales of $1.1 billion in Q2 2021, a significant increase from $525.765 million in Q2 2020[7, 19] - Adjusted EBITDA grew by 166% year-over-year[7] - Consolidated net income increased from $13.186 million in Q2 2020 to $67.889 million in Q2 2021[19] - Capital expenditures increased from $15 million to $42 million[21] - Dividends increased from $33 million to $42 million[21] Market Growth - The company achieved double-digit growth across all markets[7] - RV OEM revenues increased by 151% year-over-year[21] - Aftermarket sales were up 45% year-over-year[10] - Adjacent market sales increased by 107% year-over-year[11] - International sales grew by 133% year-over-year[11] - North American RV OEM revenues increased 151% year-over-year following COVID shutdowns in Q2 2020[9] - NA towable wholesale shipments increased 100% year-over-year[9] Strategic Actions - The company successfully issued $460 million of 1.125% convertible notes due 2026, resulting in net proceeds of $396.5 million[8] - Three strategic acquisitions were completed: Ranch Hand, Schaudt, and Trazcor[7] - The current 2021 RVIA forecast of 576,100 units forecasts a 34% increase over 2020 production[9]