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Tropical Storm Michael damage totals $12.9 million in Dan River Region - GoDanRiver.com

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Please purchase a subscription to continue reading.

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Thank you for reading 5 free articles on GoDanRiver.com . You can come back at the end of your 30-day period for another 5 free articles, or you can purchase a subscription and continue to enjoy valuable local news and information. If you are a current 7-day or Digital only subscriber you are granted an all-access pass to the website and digital newspaper replica. Please click below to Get Started.

External affairs director of the Virginia Department of Emergency Management Jeff Caldwell said the Federal Emergency Management Agency then determines whether the state qualifies for funds based on federal guidelines. If it does, it forwards the request to the president. If the application is approved, FEMA will funnel funds through the state’s emergency management agency to cities and counties to cover the cost of disaster response and replacing uninsured public infrastructure and buildings.

Source: www.godanriver.com

LCI Industries (LCII) Q3 2018 Earnings Conference Call Transcript - Motley Fool

11:00 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good day, ladies and gentlemen, and thank you for your patience. You've joined the Q3 2018 LCI Industries Earnings Conference Call. (Operator Instructions)

As a reminder, this conference may be recorded. I would now like to turn the call over to your host, Tyler Deur with Investor Relations with Lambert Edwards. Sir, you may begin.

Tyler Deur -- Investor Relations

Thank you, Latif. Good morning everyone and welcome to the LCI Industries 2018 Third Quarter Conference Call. I'm Tyler Deur with Lambert, LCI's Investor Relations firm, and I'm joined on the call today by members of LCI's Management Team, including Jason Lippert, CEO and Director; Scott Mereness, President; and Brian Hall, CFO.

Management will be discussing third quarter results in just a moment, but first, they have asked me 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 the Company's earnings release and its Annual Report on Form 10-K and in this 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 -- Chief Executive Officer

Thanks, Tyler, and good morning everyone and welcome to LCI's third quarter earnings call for 2018. We are happy to announce another solid quarter with Q3 revenues reaching $604 million, up from $555 million or 9% up from the same quarter last year. LCI's OEM segment grew to approximately $540 million in sales for Q3, up from $506 million or 7% from the same quarter last year. Our aftermarket segment grew to $64 million in the quarter, up from $49 million or 31% up from the same quarter last year. Diluted earnings per share grew to $1.33 per share, up from $1.26 per share during the same period last year.

The RV industry has seen growth over the last nine years. This year, our OEM partners geared up and built extra capacity to keep up with the continued forecasted growth in January of 540,000 units for 2018. However, dealers pushed back early this spring indicating inflated inventories. Since then dealers have been in inventory reduction mode, which has created what we believe a short-term wholesale correction. Increase in interest rates has impacted their decisions to reduce inventories as well. This correction we feel is nearing the latter innings and if retail stays healthy as it has, we feel that by sometime first quarter or second quarter we should see dealer ordering rates normalize.

Dealers have told us that retail traffic heading into the fourth quarter was reasonably good compared to last year, which happened to be a record retail year. August retail numbers mirror that sentiment. Combined towable retail is still up almost 7% through August. Two of the largest retail shows took place in September and October, both posting record or near-record attendance, each given the short-term -- even given the short-term inventory correction, the industry we feel is still in a good place considering where we are with total units produced.

Despite the temporary inventory correction, we believe that...

Source: www.fool.com

BREAKDOWN! What To Do When Your Boat Overheats - Lake Expo

Have you noticed the temperatures seem to be going to extremes the last few years? Around the country, we have been seeing colder colds and hotter hots, and for those of us that play or work outside, extreme temperatures require extra precautions. And of course extra complaining! This time of year, I forget about the cold and complain about the heat (which I really should be happy about, because it means boating weather).

The extra heat can have a detrimental effect on the operation of our vehicles. Years ago, I can remember running my ’74 Corvette convertible in local parades and running the heater to help dissipate the engine heat. I also have an air-cooled motorcycle that starts to run hot in too much stop-and-go traffic: not much airflow over the cylinders to keep the heat down.

Not even boats are immune! If you have ever been out on the water and had an engine spewing steam from the engine compartment because it started overheating, well, you know what heat can do. In reality, it doesn’t matter if you have an air-cooled or water-cooled car, motorcycle or boat, it can overheat.

For boaters, how do you know when you’re running too hot, and what can you do about it?

How To Tell If Your Boat Is Overheating

Here are four pretty clear indicators that something is wrong:

1. The first and easiest is if the dash gauge for the temperature goes out of the green and into red.

2. If it feels like the engine is losing power, you might be overheating.

3. An overheated engine may not want to start up again after you shut it off, until it cools down.

4. An unusually large amount of steam coming out of the exhaust.

If your engine is running hot, you definitely have a problem that needs to be fixed. Troubleshooting and finding the problem can be difficult. A few of the more common issues include:

-The water pump impeller has failed.

-The engine belt driving the water pump is bad or broken.

-The engine raw water strainers are plugged.

-Or maybe the grills or grates where the water is pulled into the cooling system is blocked or plugged.

A Crash-Course On Boat Engine Cooling Systems

The fact that your boat could overheat means you should know the basics of your engine cooling systems.

The first type, full raw water systems (usually in older boats), pull the water you are in (lake, river, salt) into the engine’s cooling passageways in the engine, removing the heat from the engine by heating the water, and pumping the heated water back in to the lake (or ocean). Of course that also means anything in the water goes through the passageways: vegetation, debris, trash, etc. Therefore, blockage and damage to the pump can be an issue. Usually there are filters/strainers or screens to keep the particles out of the engine, but over time buildup can occur. That is why you should always flush your cooling systems.

Most new boats, however, have partial raw water systems. The engine is in a closed system that is very similar to your automobile, and contains antifreeze which actually keeps the water from freezing and raises the boiling point of the water slightly. Water passes through the engine and is heated. The hot water then passes through the heat exchanger (like a car’s radiator) and is cooled down before it returns to the engine. A car’s radiator has air passing through the radiator to cool the water. In a boat’s heat exchanger, water from the lake passes through the exchanger to remove the heat from the water in the engine. Make sense? Basically, cooling the engine relies on water being passed through something (radiator, exchangers) to remove the heat. If there is a breakdown in that process, the boat can overheat.

What To Do If Your Boat Overheats

Okay, so now the big question is: what do you do if your boat is showing signs of overheating? Well, it depends. If you are very far from a...

Source: www.lakeexpo.com









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