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Lippert Reports Q2 Results – Trade Only Today

September 13, 2020
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Lippert Reports Q2 Results – Trade Only Today
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Lippert Components parent company LCI Components reported a 16 percent drop in consolidated second-quarter net sales to $525.8 million. The company said in a statement that it experienced a drop-off due to the pandemic, but sales rebounded in June and July.

“Our teams showed tremendous execution during the second quarter,” LCI Industries president and CEO Jason Lippert said in the statement. “Amidst a very difficult operating environment, we captured accelerated demand for RV and marine products, as well as strength in the aftermarket. In a span of less than two months, we were able to go from a near total shutdown in April to a record sales month in June.”

Aftermarket sales increased to $158 million in the second quarter, an increase of 109 percent year-over-year, and international sales grew to $44.1 million, a 40 percent year-over-year increase.

RV OEM net sales in North…

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