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ELKHART, Ind. - LCI Industries (NYSE: LCII), a prominent player in the recreation and transportation component markets, has announced a new stock repurchase initiative and the continuation of its regular dividend payout. The company’s Board of Directors has authorized a $300 million stock buyback program to be executed over the next three years, alongside a quarterly cash dividend of $1.15 per share. According to InvestingPro data, LCII has maintained dividend payments for 11 consecutive years and currently offers a notable 5.15% dividend yield, making it an attractive option for income-focused investors.
The dividend is slated for distribution on June 13, 2025, to shareholders on record as of May 30, 2025. The repurchase program is part of a broader strategy to enhance shareholder value, as stated by Jason Lippert, LCI Industries’ President and CEO. He noted the company’s solid cash flow and financial position enable it to return capital to shareholders while still investing in growth and innovation, strategic acquisitions, and maintaining prudent debt levels. This assessment is supported by InvestingPro metrics showing a healthy current ratio of 2.96 and strong free cash flow yield of 17%. The company’s shares currently appear undervalued according to InvestingPro’s Fair Value analysis.
Stock repurchases under this new program will be conducted in open market transactions or through privately negotiated deals, subject to market conditions and other considerations. The plan allows for modifications, suspensions, or terminations at the discretion of the Board of Directors. Funding for the repurchases will come from LCI Industries’ available cash, future cash flows, and its existing credit facilities. The company maintains a solid financial position with an Altman Z-Score of 4.29, indicating strong financial health. For deeper insights into LCII’s financial metrics and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
LCI Industries, through its subsidiary Lippert, is recognized for its engineering prowess and customer-centric approach in supplying components to the outdoor recreation and transportation sectors. The company’s forward-looking statements in the press release reflect management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ.
This announcement is based on a press release statement from LCI Industries.
In other recent news, LCI Industries reported impressive financial results for Q1 2025, exceeding earnings expectations with an EPS of $2.19, compared to the projected $1.59. The company’s revenue reached $1 billion, reflecting an 8% year-over-year increase. This performance highlights LCI Industries’ effective cost management and sales growth, as well as a significant improvement in gross margins to 24.1% from 23.1% the previous year. The company has also been active in mergers and acquisitions, recently acquiring Freedom Seating and TransAir, which are expected to bolster its position in the bus market. Analysts from CJS Securities noted that these acquisitions could be accretive to future results. Additionally, LCI Industries is working to mitigate potential impacts from tariffs through supply chain diversification and strategic pricing adjustments. The company aims to achieve $5 billion in organic revenue by 2027, with a focus on operational efficiency and innovation to drive future growth.
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