ELKHART, Ind.--(BUSINESS WIRE)--Feb. 26, 2019--
LCI Industries (NYSE: LCII), which, through its wholly-owned subsidiary,
Lippert Components Inc. (“LCI”), supplies, domestically and
internationally, a broad array of engineered components for the leading
original equipment manufacturers (“OEMs”) in the recreation and
industrial product markets, and the related aftermarkets of those
industries, today announced that its Board of Directors approved a
regular quarterly cash dividend of $0.60 per share of common stock.
The dividend is payable on March 22, 2019 to stockholders of record at
the close of business on March 8, 2019.
About LCI Industries
From over 65 manufacturing and distribution facilities located
throughout the United States and in Canada, Ireland, Italy, and the
United Kingdom, LCI Industries, through its wholly-owned subsidiary,
LCI, supplies, domestically and internationally, a broad array of
engineered components for the leading OEMs in the recreation and
industrial product markets, consisting of recreational vehicles and
adjacent industries, including buses; trailers used to haul boats,
livestock, equipment, and other cargo; trucks; boats; trains;
manufactured homes; and modular housing. The Company also supplies
components to the related aftermarkets of these industries primarily by
selling to retail dealers, wholesale distributors, and service centers.
LCI’s products include steel chassis and related components; axles and
suspension solutions; slide-out mechanisms and solutions; thermoformed
bath, kitchen, and other products; vinyl, aluminum, and frameless
windows; manual, electric, and hydraulic stabilizer and leveling
systems; entry, luggage, patio, and ramp doors; furniture and
mattresses; electric and manual entry steps; awnings and awning
accessories; electronic components; appliances; televisions, sound
systems, navigation systems, and backup cameras; and other accessories.
Additional information about LCI and its products can be found at www.lci1.com.
Forward-Looking Statements
This press release contains certain “forward-looking statements” with
respect to our financial condition, results of operations, business
strategies, operating efficiencies or synergies, competitive position,
growth opportunities, acquisitions, plans and objectives of management,
markets for the Company’s common stock, the impact of legal proceedings,
and other matters. Statements in this press release that are not
historical facts are “forward-looking statements” for the purpose of the
safe harbor provided by Section 21E of the Securities Exchange Act of
1934, as amended, and Section 27A of the Securities Act of 1933, as
amended, and involve a number of risks and uncertainties.
Forward-looking statements, including, without limitation, those
relating to our future business prospects, net sales, expenses and
income (loss), cash flow, and financial condition, whenever they occur
in this press release are necessarily estimates reflecting the best
judgment of the Company’s senior management at the time such statements
were made. There are a number of factors, many of which are beyond the
Company’s control, which could cause actual results and events to differ
materially from those described in the forward-looking statements. These
factors include, in addition to other matters described in this press
release, pricing pressures due to domestic and foreign competition,
costs and availability of raw materials (particularly steel and
aluminum) and other components, seasonality and cyclicality in the
industries to which we sell our products, availability of credit for
financing the retail and wholesale purchase of products for which we
sell our components, inventory levels of retail dealers and
manufacturers, availability of transportation for products for which we
sell our components, the financial condition of our customers, the
financial condition of retail dealers of products for which we sell our
components, retention and concentration of significant customers, the
costs, pace of and successful integration of acquisitions and other
growth initiatives, availability and costs of production facilities and
labor, employee benefits, employee retention, realization and impact of
expansion plans, efficiency improvements and cost reductions, the
disruption of business resulting from natural disasters or other
unforeseen events, the successful entry into new markets, the costs of
compliance with environmental laws, laws of foreign jurisdictions in
which we operate, other operational and financial risks related to
conducting business internationally, and increased governmental
regulation and oversight, information technology performance and
security, the ability to protect intellectual property, warranty and
product liability claims or product recalls, interest rates, oil and
gasoline prices and availability, the impact of international, national
and regional economic conditions and consumer confidence on the retail
sale of products for which we sell our components, and other risks and
uncertainties discussed more fully under the caption “Risk Factors” in
the Company’s Annual Report on Form 10-K for the year ended December 31,
2017, and in the Company’s subsequent filings with the Securities and
Exchange Commission. The Company disclaims any obligation or undertaking
to update forward-looking statements to reflect circumstances or events
that occur after the date the forward-looking statements are made,
except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190226006110/en/
Source: LCI Industries
Brian M. Hall, CFO
Phone: (574) 535-1125
E Mail: LCII@lci1.com