LCI Industries Inc., parent company of RV manufacturer Lippert, has reported 123% growth for the year of 2024 compared to the previous year. Photo by Lippert Industries.

News Release

ELKHART — LCI Industries Inc., Elkhart-based parent company to RV manufacturer Lippert, reports a net income of $143 million in 2024, a 123% increase from the previous year’s $64 million.

The increase is a result of diversification, cost savings and a larger presence in the market, according to CEO Jason Lippert.

“Meaningful investments toward innovations … fueled content expansion and further market share gains,” Lippert reported in a news release. “Our diversified end markets — particularly our Aftermarket segment — helped us navigate volatility by expanding growth opportunities and bolstering profitability.”

LCI’s growing presence in Camping World stores continues to benefit its aftermarket segment, Lippert said.

“Overall, not only is Lippert well positioned to capitalize on an industry recovery due to our operational flexibility and agility,” Lippert continued, “but we have the playbook required to further expand business in our other end markets, including aftermarket, building products, transportation, and utility trailers. We believe these factors…will enable us to achieve our target of $5 billion in net sales organically by 2027.”