LCI Industries and subsidiary Lippert Components shared record third-quarter 2020 earnings data and other financial information.
Lippert is an RV and specialty vehicle component and aftermarket supplier.
“In the quarter, we significantly expanded market share across our businesses, supported by new business wins and content increases, highlighting the strength of our products and strong execution of our team,” President and CEO Jason Lippert stated. “We believe our strong operational capabilities, combined with our focus on innovation, will further advance LCI’s industry leadership and enable our continued strong performance.”
Lippert said the company anticipates a good position in the coming year.
“With a significant number of new customers taking advantage of a new outdoor lifestyle, we anticipate that the attractive retail tailwinds we have experienced over the last several months will continue well into 2021 and beyond,” Lippert stated. “In addition, we remain focused on executing our diversification strategy, capturing similar industry tailwinds in our aftermarket and adjacent industries markets.
“I am very pleased with our terrific performance this quarter, and would like to thank the entire LCI team for rising to the challenge of meeting record RV industry demand levels, capturing growth opportunities and creating further value for our shareholders,” Lippert stated.
