Lippert’s market investments and product launches proved fruitful in the supplier’s full-year and fourth-quarter 2024 financial results.
President and CEO Jason Lippert attributed the company’s 34% year-over-year EBITDA increase to cost saving and operational improvements. He referenced Lippert innovations including its Touring Coil Suspension, anti-locking braking systems, Furrion Chill Cube air conditioner and RV window series.
He said, “Our diversified end markets—particularly our Aftermarket segment—helped us navigate volatility by expanding growth opportunities and bolstering profitability.”
The company kicked off 2025 with a 6% increase in January from January 2024 levels. The growth stemmed from 17% RV OEM and 6% aftermarket sales increases. The company plans to expand its aftermarket, building products, transportation and utility trailer businesses in 2025, pursuing a $5 billion organic net sales goal by 2027.
The supplier’s Camping World partnership collaboration also strengthened. The collaboration grew revenue by $12 million year-over-year in 14 updated locations. According to Lippert, a year ago this segment was declining.
Lippert raised profitability in 2024 even as sales declined.
Full-year profits rose 123% year-over-year to $143 million. Fourth-quarter profits flipped from a $2.4 million loss in 2023’s fourth quarter to a $9.5 million profit in 2024’s fourth quarter.
Full-year net sales fell 1% compared with 2023 while 2024 fourth-quarter net sales were 4% lower than the fourth quarter of 2023. RV OEM net sales also decreased 3% year-over-year at $376.1 million.
According to the supplier, the sales drop was driven by motorhome shipment declines and increase sales of lower-content, single-axle travel trailers. Acquisitions from 2023 and 2024 added $21.4 million in 2024 sales.
Aftermarket sales rose 1% compared with the 2023 fourth quarter at $181.6 million.
Lippert said, “Moving forward, we remain focused on expanding our presence in premium markets to support Lippert’s long-term, profitable growth.”
