LCI Industries (NYSE:LCII) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET

Company Participants

Brian Hall - CFO

Jason Lippert - President, CEO & Director

Conference Call Participants

Kathryn Thompson - Thompson Research Group

Scott Stember - ROTH MKM

Fred Wightman - Wolfe Research

Craig Kennison - Baird

Mike Swartz - Truist

Bret Jordan - Jefferies

Daniel Moore - CJS Securities

Brandon Rolle - D.A. Davidson

Tristan Thomas-Martin - BMO Capital Markets

Operator

Hello, everyone, and welcome to today's conference, LCI Industries Q4 and Full Year 2022 Earnings Call. My name is Bruno, and I will be operating your call today. [Operator Instructions]

I will now hand over to your host, CFO, Mr. Brian Hall. Please go ahead.

Brian Hall

Good morning, everyone, and welcome to the LCI Industries' fourth quarter and full year 2022 conference call. I am joined on the call today by Jason Lippert, President, CEO and Director.

We will discuss the results for the quarter in just a moment. But first, I would like to inform you that certain statements made in today's conference call regarding LCI Industries and its operations may be considered forward-looking statements under the securities laws and involve a number of risks and uncertainties.

As a result, the company cautions you that there are a number of factors, many of which are beyond the company's control, which would cause actual results and events to differ materially from those described in the forward-looking statements. These factors are discussed in our earnings release and in our Form 10-K and other filings with the SEC.

The company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.

With that, I would like to turn the call over to Jason Lippert. Jason?

Jason Lippert

Thanks, Brian, and good morning, everyone, and welcome to LCI's fourth quarter and full year 2022 earnings call.

Our fiscal year 2022 marked another record year for LCI as we reached all-time high revenues while continuing to deliver strong margins. As we got to the back half of the year, our diversification strategy proved pivotal to our performance, helping to partially offset the impact of RV OEM production shutdowns enacted during the fourth quarter to normalize inventory levels across the country.

Thanks to the agility and operational strength of our veteran leadership teams, we were able to make necessary changes quickly in order to adapt to the volatile operating environment. These results are a testament to our cultural strength and long-tenured leadership teams, which we believe have been and will continue to be the cornerstone of our long-term success.