LCI Industries (NYSE: LCII) reported first‑quarter 2026 results, posting net sales of $1.09 billion, a 4% year‑over‑year increase, and diluted earnings per share of $2.53, which beat the consensus estimate of $2.22 by 18%.
Operating profit margin expanded to 8.7%, up 90 basis points from the prior year, as higher selling prices offset material cost inflation and a continued mix optimization in its OEM and aftermarket segments. The company’s aftermarket revenue grew, driven in part by the new Furrion Chill Cube air‑conditioner and other innovation wins that are beginning to generate recurring revenue.
Segment performance showed a 4% decline in RV OEM sales year‑over‑year, while adjacent‑industry OEM sales grew 17%, transportation OEM sales rose 24%, and marine sales increased 11%. The company’s aftermarket segment continued to expand, supported by new product introductions and a focus on higher‑margin content.
President and CEO Jason Lippert said, "I am so pleased with our team's performance across the business helping get us off to a very strong start despite very challenging retail and wholesale environments in the leisure markets we serve." He added, "We delivered a very strong 2025 with our strategic execution delivering results that validate our multiyear investment in operational excellence and diversification."
LCI reaffirmed its fiscal‑year 2026 guidance, maintaining a sales outlook of $4.20 billion to $4.30 billion and an adjusted EPS range of $8.75 to $9.25. The company also reiterated its commitment to shareholder returns, noting a $1.15‑share quarterly dividend and ongoing share‑repurchase activity.
Comparing to the prior quarter, Q4 2025 revenue was $933 million and adjusted EPS was $0.89, indicating sequential growth in both top‑line and earnings.
Investors noted the strong EPS beat and margin expansion but expressed concerns about softness in the recreational vehicle market, which could weigh on future demand.
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