RV Strength Keeps Lifting LCI Industries
The recreational vehicle industry has taken off lately, and the boom has revealed companies that many investors didn't even know existed. LCI Industries (NYSE: LCII) makes many of the components that go into new recreational vehicles, and the industry's growth trend has gone a long way toward making the company formerly known as Drew Industries more of a household name among those who follow growth stocks.
Coming into Friday's second-quarter financial report, LCI investors expected to see continued rises in earnings and sales from the RV component manufacturer. Yet LCI did far better than those expectations on the sales front, showing just how strong the industry's expansion continues to be. Let's look more closely at LCI Industries and how its latest performance fits in with its future prospects.
Image source: LCI Industries.
Source: Fool.com
