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ELKHART, Ind. (AP) — ELKHART, Ind. (AP) — LCI Industries (LCII) on Tuesday reported first-quarter profit of $49.4 million.
On a per-share basis, the Elkhart, Indiana-based company said it had net income of $1.94. Earnings, adjusted to extinguish debt, were $2.19 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The recreational vehicle parts supplier posted revenue of $1.05 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $968.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LCII at https://www.zacks.com/ap/LCII