The fall leaves have drifted to the ground, the winter chill is setting in and Lippert has reported another quarter’s financial results.
The company recorded $915.5 million in net sales, down 5% from 2023’s third quarter. Lippert increased its profits 37% to $35.6 million compared with $25.9 million in profits in the same quarter last year.
Lippert President and CEO Jason Lippert said, “Despite a challenging RV and marine industry backdrop, we delivered a strong quarter with continued market share expansion, increased operating margins and robust operating cash flow, which has reached $402 million over the last 12 months.”
According to Lippert, the company saw strong market share gains in appliances, awnings, chassis, furniture and windows, reflecting more than 70% of its North American RV OEM business. Product launches, including the supplier’s new line of Curt towing and suspension products, fueled the gains
Lippert said, “As a result, our key customers have maintained and increased the amount of Lippert content across their 2025 RV models.”
The supplier attributed the year-over-year net sales decrease to RV motorhome shipment declines.
In its first look at fourth-quarter results, the supplier said October 2024 sales were down 4% from October 2023 sales as RV shipments declined 3% compared with October 2023.
Aftermarket sales in the third quarter totaled $231 million, in line with 2023, but primarily due to strong aftermarket automotive sales.
Lippert’s RV OEM net sales totaled $422 million, down 2% compared to the same period last year. The total was driven in part by increased single-axle travel trailers sales.
Lippert said, “Looking ahead, we believe we’re positioned to outperform as demand rebounds, powered by our cutting-edge innovation and a prioritization of strategic M&A to further enhance our diversification and long-term growth potential.”
