LCI Industries(US:LCII)2025-05-06 11:10Financial Performance - Net sales reached $1.046 billion, an 8% increase year-over-year[10] - Net income was $49 million, representing 4.7% of net sales, a 35% increase year-over-year[10] - Adjusted EBITDA was $111 million, or 10.6% of net sales, up 23% year-over-year[10] - First quarter operating profit margin increased to 7.8%, up 180 bps year-over-year[10] Capital Allocation and Liquidity - The company has a strong liquidity position with $231 million in cash and cash equivalents and $595 million available on the revolving credit facility as of March 31, 2025[11] - $57.6 million was returned to shareholders through dividends of $1.15 per share, totaling $29.4 million, and $28.3 million in share repurchases[11] Segment Performance - RV OEM sales increased by 15% year-over-year in Q1 2025[17] - Adjacent Industries OEM sales decreased by 2% year-over-year in Q1 2025[27] - Aftermarket segment sales increased by 6% year-over-year in Q1 2025[32] Strategic Initiatives - The company acquired Trans/Air in March and Freedman Seating in April, representing approximately $200 million in annual revenues in the bus market[11] - The company is on track to deliver an additional 85 bps margin improvement in 2025 through optimizing infrastructure[10, 71]