LCI Industries (LCII) FY2023 results: revenue $3.8 billion, down 27.3% on the year
LCI Industries (LCII) reported revenue of $3.8 billion for fiscal 2023, the year ended 31 December 2023, down 27.3% on the year before. Net income was $64 million, down 83.7%, and diluted earnings per share $2.52. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.
Revenue
$3.8 billion
-27.3% on the year
FY2016FY2023
Operating margin
3.3%
10.6% a year earlier
FY2016FY2023
Net income
$64 million
-83.7% on the year
FY2016FY2023
Diluted EPS
$2.52
-83.7% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
527
603
-112
-12.5%
Capital expenditure
62.2
131
98.5
-52.4%
Free cash flow
465
472
-210
-1.5%
Free cash flow margin
12.3%
9.1%
-4.7%
Cash from investing
-83.7
-242
-281
Cash from financing
-426
-375
405
Depreciation and amortisation
132
129
112
+2.0%
Share-based compensation
18.2
23.7
27.2
-23.1%
Buybacks
0.0
24.1
0.0
Dividends paid
106
103
87.2
+3.5%
Dividend per share
$4.20
$4.05
$3.45
+3.7%
Diluted shares, weighted
25m
26m
25m
-0.3%
Shares outstanding at period end
25m
25m
25m
+0.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,355
1,381
1,093
-1.9%
Debt
847
1,119
1,303
-24.3%
Operating lease liabilities
223
222
143
+0.1%
Other liabilities
534
524
749
+1.9%
Total liabilities and equity
2,959
3,247
3,288
-8.9%
Fixed assets
466
482
426
-3.4%
Goodwill
590
567
543
+4.0%
Intangible assets
449
503
520
-10.8%
Cash and equivalents
66.2
47.5
62.9
+39.3%
Receivables
215
214
320
+0.2%
Inventory
768
1,030
1,096
-25.4%
Other assets
406
403
320
+0.8%
Total assets
2,959
3,247
3,288
-8.9%
10-K for the year ended 31 December 2023, filed 23 February 2024: the filing.