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The Elkhart, Indiana-based company said it had profit of $1.05 per share. The recreational vehicle parts supplier posted revenue of $402.9 million in the period. For the year, the company reported profit ...
ELKHART, Ind., Dec. 19, 2016 /PRNewswire/ -- Drew Industries Incorporated (DW) today announced that its Board of Directors has approved changing the Company's corporate name to "LCI Industries." Through its wholly-owned subsidiary Lippert Components, Inc. (LCI®) and its subsidiaries, Drew Industries supplies a broad array of components for the leading OEMs of recreational vehicles (RVs) and adjacent industries, as well as the aftermarkets of these industries. Lippert Components' business has grown considerably over the past decade, and the new corporate name was selected to better align the investment community with the strength of the LCI brand in the industries it serves.
As more baby boomers retire, many are hitting the road in recreational vehicles, providing a lift to RV makers and suppliers like Patrick Industries.