The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri May 5, 2017
The market for recreational vehicles has been extremely strong in recent years, and LCI Industries has sought to capitalize on the industry's growth by producing a rising share of components for original equipment manufacturers in the RV space. A demographic shift in demand for RVs has spurred long-term optimism in the business, as younger customers are coming into the market aggressively.
Coming into Thursday's first-quarter financial report, LCI investors were confident that the company would continue to see favorable conditions going forward, according to a story by Pantagraph Business. LCI's results exceeded expectations, and the RV component maker believes that the good times could last quite a while. Let's take a closer look at LCI Industries and what its results say about the company's future.
LCI Industries' first-quarter results kept up a solid pace, reflecting the favorable conditions in the RV industry. Revenue climbed 18 percent to $498 million, which was better than the 16 percent growth rate that most investors were expecting to see. Net income rose by a fifth to $43.1 million, and that produced earnings of $1.71 per share, $0.05 better than the consensus forecast among those following the stock.