Exhibit 99.1
Contact: Brian Hall, CFO
Phone: (574) 535-1125
E Mail: LCII@lci1.com

Continuing to meet strong industry demand to drive Company-wide growth

First Quarter 2021 Highlights

Net sales of $1.0 billion in the first quarter, an increase of 52% year-over-year
Net income increased $45.9 million, or 163%, to $74.1 million, or $2.93 per diluted share, in the first quarter
Adjusted EBITDA increased $50.8 million, or 68%, to $125.9 million in the first quarter
North American RV OEM sales grew to $526.0 million in the first quarter, up 59% year-over-year, driven by record wholesale and retail demand for the quarter
RV industry record 54,300 wholesale shipments in March and record 148,500 shipments in the first quarter
Adjacent Industries OEM sales grew to $250.6 million in the first quarter, up 34% year-over-year
Aftermarket Segment sales grew to $184.0 million in the first quarter, up 45% year-over-year
Net sales from the fourth quarter 2020 acquisitions of Veada Industries, Inc. and Challenger Door, LLC contributed a combined $41 million in the first quarter
Quarterly dividend of $0.75 per share paid totaling $18.9 million

Elkhart, Indiana - May 4, 2021 - LCI Industries (NYSE: LCII) which, through its wholly-owned subsidiary, Lippert Components, Inc. ("Lippert"), supplies a broad array of highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, and the related aftermarkets of those industries, today reported first quarter 2021 results.

“We achieved a record $1 billion in revenue during the first quarter 2021, which is a watershed moment for Lippert and an extraordinary accomplishment considering the significant labor and supply chain headwinds the industry has faced. Our team’s agility, combined with our robust operational capabilities, allowed us to capitalize on the extraordinary demand across the outdoor recreation space to capture new growth opportunities and expand market share. At the same time, we amplified our efforts to deliver innovative products and enhance the customer experience, solidifying our position as a best-in-class supplier within the outdoor recreational community,” commented Jason Lippert, LCI Industries’ President and Chief Executive Officer. “The wave of customers continuing to stream into the RV lifestyle is fueling one of the largest replacement cycles the industry has ever seen. This will undoubtedly serve as an additional tailwind to our already successful and fast-growing aftermarket business, which has nearly tripled in size over the last three years. Given the millions of RVs entering the parts replacement cycle, we remain confident that this will continue to propel our aftermarket business over the next several years.”

“With heightened retail demand showing no signs of slowing and a long runway to get dealer inventories back to more normalized levels, Lippert is incredibly well-positioned as we move through 2021 and beyond. Our results over the last several quarters are a true testament to the strength of our leadership, team, and culture in withstanding operational turbulence and delivering superior performance,” continued Lippert. “I would like to thank all Lippert team members for their hard work in continuing to propel our business forward to drive value for our shareholders.”

The following information was filed by Lci Industries (LCII) on Tuesday, May 4, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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