LCI Industries Declares Quarterly Cash Dividend
25 Februar 2020 - 10:15PM
Business Wire
LCI Industries (NYSE: LCII), which, through its wholly-owned
subsidiary, Lippert Components, Inc. ("LCI"), supplies,
domestically and internationally, a broad array of highly
engineered components for the leading original equipment
manufacturers ("OEMs") in the recreation and transportation product
markets, and the related aftermarkets of those industries, today
announced that its Board of Directors approved a regular quarterly
cash dividend of $0.65 per share of common stock.
The dividend is payable on March 20, 2020, to stockholders of
record at the close of business on March 6, 2020.
About LCI Industries
From over 90 manufacturing and distribution facilities located
throughout North America and Europe, LCI Industries, through its
wholly-owned subsidiary, LCI, supplies, domestically and
internationally, a broad array of highly engineered components for
the leading OEMs in the recreation and transportation 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
engineered 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; towing
products; truck accessories; electronic components; 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), capital expenditures, tax rate, 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, and tariffs on, 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, 2018, 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/20200225005865/en/
Contact: Brian M. Hall, CFO Phone: (574) 535-1125
E Mail: LCII@lci1.com
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