LCI Industries (LCII)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	83,004	58,582	103,982	271,655	525,455	665,163	668,855	546,767	382,044	334,436	342,564	269,138	209,481	183,993	138,761	185,235	191,414	183,631	180,011	178,881
Revenue (ttm)	US$ in thousands	3,784,809	3,841,611	4,014,376	4,535,886	5,207,146	5,526,210	5,559,440	5,117,010	4,472,700	4,042,292	3,704,711	3,136,756	2,796,166	2,577,185	2,335,677	2,438,980	2,371,482	2,344,077	2,362,100	2,417,487
Pretax margin		2.19%	1.52%	2.59%	5.99%	10.09%	12.04%	12.03%	10.69%	8.54%	8.27%	9.25%	8.58%	7.49%	7.14%	5.94%	7.59%	8.07%	7.83%	7.62%	7.40%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $83,004K ÷ $3,784,809K
= 2.19%

The pretax margin of LCI Industries has shown a declining trend over the past quarters. In Q4 2023, the pretax margin was 2.19%, which is lower than the previous quarter's margin of 1.52%. This signifies a decrease in the company's ability to generate profits before taxes relative to its revenue in the most recent period. Compared to a year ago in Q4 2022, the pretax margin has substantially decreased from 10.09% to 2.19%, reflecting a significant decline in profitability. The decreasing trend in pretax margin suggests potential challenges in cost management or revenue generation for LCI Industries in recent quarters.