LCI Industries Keeps Earnings Moving Higher

In a world in which innovation often concentrates on technology, it might seem almost delightful that recreational vehicles are back in vogue. With other travel options remaining expensive even as gasoline prices stay relatively low, RVs are a cost-effective way for a new generation to have the vacations they want. LCI Industries (NYSE: LCII) makes sure that RVs have the best features, with parts and components that meet RV owners' needs.

Coming into Tuesday's second-quarter financial report, though, LCI investors weren't sure whether a recent slowdown in the RV segment might hurt results, and they feared declines in both revenue and earnings. LCI's top-line growth did indeed disappear once again, but strong bottom-line performance made investors feel more comfortable about the RV component maker's future.

LCI Industries' second-quarter results were mixed in most investors' eyes. Sales of $629.1 million were down 8% from the year-ago quarter, which was slightly worse than the 6% top-line decline that most of those following the stock were expecting to see. However, net income managed to inch upward by a fraction of a percent to $47.5 million. That worked out to earnings of $1.89 per share, and that was far better than the consensus forecast among investors for $1.67 per share on the bottom line.

Quelle Fool.com