ELKHART, Ind. – LCI Industries (NYSE: LCII), a leading supplier of engineered components to the recreation and transportation markets, will release its fourth quarter and full year 2024 financial results before the market opens on Tuesday, Feb. 11.
Conference Call & Webcast
LCI Industries will also host a conference call to discuss its fourth quarter and full year 2024 results on Tuesday, February 11, 2025, at 8:30 a.m. ET. The call will conclude with a question-and-answer session with questions from institutional investors and analysts.
The conference call can be accessed by dialing (833) 470-1428 for participants in the U.S. and (929) 526-1599 for participants outside the U.S. using the required access code 823178. Due to the high volume of companies reporting earnings at this time, please be prepared for hold times of up to 15 minutes when dialing in to the call. In addition, an online, real-time webcast, as well as a supplemental earnings presentation, will be available on the Company’s website, www.investors.lci1.com.
A replay of the conference call will be available for two weeks by dialing (866) 813-9403 for participants in the U.S. and (44) 204-525-0658 for those outside the U.S. and referencing access code 151640. A replay of the webcast will be available on the Company’s website immediately following the conclusion of the call.
About LCI Industries
LCI Industries (NYSE: LCII), through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. We believe our innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience have established Lippert as a reliable partner for both OEM and aftermarket customers. For more information, visit www.lippert.com.
ELKHART, Ind. – LCI Industries (NYSE: LCII), a leading supplier of engineered components to the recreation and transportation markets, will release its fourth quarter and full year 2024 financial results before the market opens on Tuesday, Feb. 11.
Conference Call & Webcast
LCI Industries will also host a conference call to discuss its fourth quarter and full year 2024 results on Tuesday, February 11, 2025, at 8:30 a.m. ET. The call will conclude with a question-and-answer session with questions from institutional investors and analysts.
The conference call can be accessed by dialing (833) 470-1428 for participants in the U.S. and (929) 526-1599 for participants outside the U.S. using the required access code 823178. Due to the high volume of companies reporting earnings at this time, please be prepared for hold times of up to 15 minutes when dialing in to the call. In addition, an online, real-time webcast, as well as a supplemental earnings presentation, will be available on the Company’s website, www.investors.lci1.com.
A replay of the conference call will be available for two weeks by dialing (866) 813-9403 for participants in the U.S. and (44) 204-525-0658 for those outside the U.S. and referencing access code 151640. A replay of the webcast will be available on the Company’s website immediately following the conclusion of the call.
About LCI Industries
LCI Industries (NYSE: LCII), through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. We believe our innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience have established Lippert as a reliable partner for both OEM and aftermarket customers. For more information, visit www.lippert.com.
ELKHART, Ind. – Patrick Industries, Inc. (NASDAQ: PATK) today announced that it will release its fourth quarter and twelve months 2024 financial results before the market opens on Feb. 6.
Patrick Industries will host a conference call at 10 a.m. ET on Feb. 6 to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call is 877-407-9036. Interested parties are invited to listen to a live webcast of the call on Patrick’s website at www.patrickind.com under “For Investors.” A replay of the conference call will also be available via the company’s investor relations website.
Revenues for the fourth quarter of 2024 under U.S. generally accepted accounting principles (GAAP) were $1.2 billion, increasing $158 million, or 15.4%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 15.4% and Organic Revenue increasing by 13.8%. Income before income taxes was $275 million, decreasing 22.8% from the fourth quarter of the prior year with Income Before Income Taxes Margin decreasing to 23.2% from 34.7% as a result of a gain on disposal of certain third-party claims administration and adjusting services businesses sold in the fourth quarter of 2023.
EBITDAC – Adjusted was $390 million, increasing 22.6% from the fourth quarter of the prior year with EBITDAC Margin – Adjusted increasing to 32.9% from 31.0%. Net income attributable to the Company was $210 million, decreasing $59 million, or 21.9%, and diluted net income per share decreased to $0.73, or 22.3%, with Diluted Net Income Per Share – Adjusted increasing to $0.86, or 24.6%, each as compared to the fourth quarter of the prior year.
Revenues for the 12 months ended December 31, 2024 under GAAP were $4.8 billion, increasing $548 million, or 12.9%, as compared to 2023, with commissions and fees increasing by 12.1%, and Organic Revenue increasing by 10.4%. Income before income taxes was $1.3 billion, increasing 13.7% with Income Before Income Taxes Margin increasing to 27.1% from 26.9% as compared to 2023.
EBITDAC – Adjusted was $1.7 billion, which was an increase of 17.0% and EBITDAC Margin – Adjusted increased to 35.2% from 33.9% as compared to 2023. Net income attributable to the company was $1.0 billion, increasing $122 million, or 14.0%, with diluted net income per share increasing to $3.46, or 13.4%, and Diluted Net Income Per Share – Adjusted increasing to $3.84, or 18.2%, each as compared to 2023.
J. Powell Brown, president and chief executive officer of the Company, noted, “The fourth quarter was outstanding. We are extremely pleased with our 10.4% Organic Revenue growth for 2024. These results were only possible through the incredible efforts of our 17,000+ teammates.”
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GOSHEN, Ind. – Forest River announced the promotion of Philip Podgorny as General Manager of Forest River Marine. In his new role, Podgorny will oversee the company’s leading pontoon brands, including Berkshire, South Bay, and Trifecta.
With extensive leadership experience, Podgorny previously served as Vice President of Sales and Business Development for Forest River Commercial, and General Manager of Commercial and Government Sales across North America for Ford Pro. Podgorny significantly enhanced the Forest River Commercial portfolio during his tenure, driving growth in key markets and fostering strong partnerships.
“Philip has been an incredible asset to Forest River since joining us in 2023,” said Forest River Inc. Co-CEO David Wright. “His proven leadership and strategic vision make him the perfect choice to guide Forest River Marine. We are confident he will drive revenue growth, foster exceptional dealer relationships, and continue to build a strong culture within our Marine division.”
Under Podgorny’s leadership, Forest River Marine is positioned to strengthen its reputation as an industry leader, delivering unparalleled quality and innovation to pontoon enthusiasts nationwide.
“It’s been a privilege to work with Forest River and witness the company’s unwavering commitment to quality and excellence,” said Podgorny. “I’m excited to lead Forest River Marine and confident we will achieve new milestones together.”
About Forest River, Inc.
Founded in 1996 by Pete Liegl, Forest River, Inc. has evolved into North America’s largest manufacturer of recreational vehicles, cargo trailers, pontoon boats, buses, vans, and commercial vehicles. Its portfolio includes market share leaders in every category, and it is the country’s leading manufacturer of buses and vans for both the private and public sectors. Based in Elkhart, Indiana, Forest River employs 14,000+ employees in 100+ facilities in more than a half dozen states. With a commitment to excellence and a focus on customer satisfaction, Forest River is proud to be a Berkshire Hathaway company.
GRANTS PASS, Ore. – Henderson’s Line-Up, a nationwide leader in RV steering and suspension solutions since 1961, announced Tommy Henderson as its new owner and leader. Tommy follows in the footsteps of his father, Robert Henderson, and grandfather, Floyd Henderson, to become the third generation to carry forward the company’s rich legacy.
Rooted in Grants Pass, Ore., Henderson’s Line-Up was established by Floyd Henderson to provide alignment, steering, and brake services to the local community. Over the decades, the company has grown into a pioneer in the RV industry, developing innovative solutions such as the SuperSteer product line and the trademarked Road Performance Assessment (RPA). Today, Henderson’s Line-Up serves customers nationwide with a mission of enhancing vehicle handling and positively transforming lives.
“This company has always been about family, faith, and service,” said Tommy Henderson. “I am honored to lead a team that embodies our mission to provide solutions for safer and happier driving while positively impacting the lives of our team members and customers. My goal is to build on the foundation my father and grandfather established, ensuring Henderson’s Line-Up glorifies God and positively influences the RV industry.”
Henderson’s Line-Up operates with a clear vision: to glorify God by offering safer and happier driving solutions, fostering continuous improvement in the RV steering and suspension industry, and creating a rewarding workplace where team members can reach their full potential. Tommy’s leadership aims to uphold these principles while positioning the company for continued growth and innovation.
For more information about Henderson’s Line-Up, its history, and its commitment to excellence, visit www.Hendersonslineup.com
About Henderson’s Line-Up
Floyd Henderson established Henderson’s Line-Up in 1961 in Grants Pass, Ore. What began as a local alignment, steering, and brake service business has become a nationwide leader in RV steering and suspension solutions. Guided by its mission to enhance vehicle handling and transform lives and its vision to glorify God through safer and happier driving, Henderson’s Line-Up continues to uphold its integrity, innovation, and exceptional service legacy.
But this time, the stakes are higher and many economists surveying the possible damage doubt Trump would be comfortable with what they say would be self-inflicted wounds from the tariffs.
“The potential for such sizable economic impacts ought to act as enough of a deterrent that Trump will not end up implementing these higher tariffs,” said Matthew Martin, senior U.S. economist at the consultancy Oxford Economics.
Trump has repeatedly insisted that tariffs are coming on Canada and Mexico, despite both countries seeking to address his stated concerns about illegal border crossings and the smuggling of fentanyl. But the Republican president is also motivated by the idea that tariffs would force other countries to “respect” the United States.
“We’re going to immediately install massive tariffs,” Trump said in a Monday speech, adding, “Colombia is traditionally a very, very strong-willed country,” but it backed down rather than face import taxes.
Last month, the RV Technical Institute (RVTI) held its second Authorized Learning Partner Conference at its headquarters in Elkhart, Ind., according to a News & Insights report by the RV Industry Association (RVIA).
The annual conference offers insights into resources available through the Institute that can enhance technician training programs. The RV Technical Institute discussed various training structures and provided attendees with a tour of the facility. Learning Partners also brainstormed training ideas for their own locations. Throughout the event, the Conference focused on joining together the ideas of existing Learning Partners and combining those ideas with the Institute’s resources.
This event is critical to the RV Technical Institute’s “Hub and Spoke” model of building a network of locations across the country that offer the Institute’s gold standard curriculum. Learning Partners are crucial to the RV Technical Institute’s mission; currently, Learning Partners train and certify more than 85% of the Institute’s attendees (this equals over 15,000 learners).
In addition to fostering industry unity and technician training, the Conference presents an opportunity for attendees to continue elevating and delivering this gold standard curriculum, ultimately attracting more individuals into a RV technician career.
Photo: RVIA News & Insights
“I truly enjoyed the RV Technical Institute’s recent conference. The comradery among fellow professionals in our field was inspiring, as we all share a common goal of advancing training and development,” reflects Erik Betz, Training and Development Specialist at Alpin Haus. “It was a wonderful opportunity to exchange ideas and best practices with one another.”
Betz adds: “Meeting the dedicated team members at the RV Technical Institute face-to-face was a highlight for me; putting a face to a name makes our connections feel more substantial and fosters collaboration. I believe that bringing together professionals to discuss improvement strategies is invaluable for our industry. The Conference provided the RV Technical Institute with diverse perspectives from various locations, which is vital for enhancing our approaches and practices. I’m excited to see how our conversations will positively impact the RV industry.”
“The RV Technical Institute’s Authorized Learning Partner Conference was a fantastic opportunity to meet people in person who I’d previously only interacted with virtually, and to experience the collaborative spirit of the group firsthand,” remarks Erin Stover, General RV Center’s Training and Communications Manager. “It was also great to connect with the new members who have joined the RV Technical Institute’s growing team, each bringing fresh perspectives and energy to our shared mission. Everyone is eager to help each other overcome roadblocks and share best practices, creating lasting connections that will continue to support the growth of our industry. The focus on making technicians more skilled and efficient ultimately leads to faster repairs and enhances our customers’ experiences, ensuring they can create lifelong memories while RVing. It’s this dedication to continuous improvement that brings real value to the RV industry.”
This year had a mix of virtual and in-person attendees, with over 38 Authorized Learning Partner managers participating. They represented over 573 dealership locations, two technical colleges, one correctional facility, and one high school. (This is an increase from last year’s 29 Authorized Learning Partner attendees, which represented a total of 393 partner locations.)
The RV Technical Institute’s Authorized Learning Partners have access to the Institute’s full technician curriculum, course materials, learning management system, and the first attempt at testing. Authorized Learning Partners receive ongoing trainer training including the curriculum, tips on delivery and labs, to help teach the curriculum and track their student progress. The annual subscription fee is $3,150 for 12 months.
If your member company is interested in becoming an Authorized Learning Partner, please reach out to Justin Rickett, RV Technical Institute’s Senior Manager of Recruitment, at [email protected].
WASHINGTON, D.C. – AAA projects 19 million Americans will go on ocean cruises this year, a 4.5% increase over 2024, when 18.2 million Americans went on cruise vacations. 2025 is expected to be the third straight year of record cruise passenger volume. The cruise industry has rebounded post-pandemic more strongly than other travel segments, and cruise demand growth has exceeded hotel demand growth the last two years.
“What we’re witnessing in the cruise industry is nothing short of amazing, but it’s no surprise,” said Stacey Barber, Vice President of AAA Travel. “There’s a reason most first-time cruise passengers become repeat cruisers. Cruise vacations offer something for everyone, no matter their age. And because most of the vacation is already paid for, travelers can focus on enjoying themselves and making lifelong memories with loved ones.”
The cruise industry, which was impacted more severely than other travel segments by the 2020 pandemic, has experienced a remarkable rebound. In 2022, cruise volume rebounded to 84% of 2019’s level, then surged to a new high in 2023, nearly 20% above the pre-pandemic baseline. That number has continued to climb since, with 2025 projected to surpass 2019 by 34%.
Seeking Sunshine
Most Americans going on cruises this year are seeking fun in the sun! 72% of U.S. cruise passengers are heading to the Caribbean, making it by far the most popular destination. 6% are taking Alaska cruises and 5% will cruise in the Mediterranean. The Caribbean’s dominance this year is on par with its pre-pandemic numbers in 2018 and 2019. The Caribbean’s share dipped to 68% in 2022-23 as cruises to Alaska and the Mediterranean surged, but destination shares have returned to pre-pandemic norms over the past year.
Shorter Caribbean cruises are rising in popularity. Even though most cruise itineraries are 6 to 8 days, 18% of Caribbean cruise itineraries this year are 2 to 5 days, compared to only 2% in 2023.
The three busiest cruise ports in the world are in the same state: Florida! Miami, Port Canaveral, and Fort Lauderdale are the busiest ports based on embarkation and debarkation. Miami landed the world’s largest cruise ship with the debut of Royal Caribbean’s Icon of the Seas last year, and this summer, Port Canaveral welcomes the Icon’s sister ship, the equally large Star of the Seas.
Cruise Forecast Methodology
In cooperation with AAA, Tourism Economics prepared the 2025 cruise forecast based on scheduled cruise itineraries covering virtually all major cruise vessels, the economic outlook, and travel sector trends. This forecast relies on cruise-related analytics from Cruise IP (Tourism Economics’ proprietary database for the cruise industry), economic forecasts prepared by Oxford Economics, and assumptions on the future path of the tourism industry.
In this analysis, U.S. cruise passenger volume refers to ocean cruises taken by U.S. residents. It includes cruises that depart from U.S. or international ports.
