LCI Industries Provides Preliminary First Quarter 2021 Net Sales

LCI Industries (NYSE: LCII) (the “Company”) which, through its wholly-owned subsidiary, Lippert Components, Inc. ("LCI"), supplies 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 provided preliminary net sales results for the first quarter of 2021.

LCI Industries anticipates consolidated net sales for the first quarter of 2021 to be approximately $1.0 billion. Additional information will be provided in the Company’s upcoming earnings release and Form 10-Q, which we anticipate filing in early May 2021.

“Following a pivotal year in the RV industry during 2020, we had another strong quarter, with sales anticipated to have increased more than 50% over the first quarter of 2020, as we continued to meet exceptional demand across the outdoor recreation space. These record results illustrate the strength of our teams, as well as the resilience of our business as we captured new growth opportunities while mitigating supply chain constraints facing the larger industry,” commented Jason Lippert, LCI Industries’ President and Chief Executive Officer.

The financial information in this release is preliminary and is subject to completion of the Company’s closing process for the first quarter of 2021. Full and final results for the first quarter of 2021 will be included in the Company’s upcoming earnings release and Form 10-Q for the first quarter.

About LCI Industries

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 primarily 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.