LCI Industries (NYSE:LCII) Announces Quarterly Earnings Results

Key Points

• LCI reported Q1 EPS of $2.59 (vs. $2.17 consensus) and revenue of $1.09B, and raised FY‑2026 guidance to $8.75–$9.25 EPS with revenue guidance of $4.2–$4.3B.
• Management highlighted margin expansion and growth drivers — adjusted EBITDA margin widened to 11.5%, aftermarket sales are up 7%, towable content per unit rose 13% to $5,826, and recent product launches/market disruption could add meaningful incremental annual revenue.
• The company trimmed its RV wholesale shipment outlook to 315,000–330,000 units (a 20,000‑unit cut at both ends), signaling continued softness in retail/wholesale leisure markets that could pressure top‑line momentum.

LCI Industries (NYSE:LCII - Get Free Report) released its earnings results on Tuesday. The company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.42, FiscalAI reports. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. LCI Industries had a net margin of 4.57% and a return on equity of 13.55%. LCI Industries's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.19 EPS. LCI Industries updated its FY 2026 guidance to 8.750-9.250 EPS.

Here are the key takeaways from LCI Industries' conference call:

• LCI reported Q1 revenue of $1.1 billion (+4%), expanded adjusted EBITDA margin to 11.5%, and tightened full-year 2026 adjusted EPS guidance to $8.75–$9.25 with revenue guidance of $4.2–$4.3 billion.
• The company lowered its RV wholesale shipment outlook to 315,000–330,000 units (a 20,000-unit cut at both ends), reflecting continued softness in retail and wholesale leisure markets.
• Aftermarket strength continues with aftermarket sales up 7% and automotive aftermarket trending mid-teens in Q2, and management sees an estimated $70 million incremental annual revenue opportunity from disruption at First Brands.
• Product innovation is driving content growth—towable content per unit rose 13% to $5,826, five recent product launches have an annualized run rate >$270 million, and management expects ~$140 million of incremental annualized run rate from the 2027 model change.
• Operational self-help and balance-sheet flexibility—LCI is consolidating 8–10 facilities and targeting 70–120 bps of operating margin improvement in 2026 while maintaining total liquidity >$700 million and net debt/adjusted EBITDA near 1.9x.

LCI Industries Stock Performance

Shares of LCII traded up $5.27 during trading hours on Tuesday, hitting $112.06. The stock had a trading volume of 215,148 shares, compared to its average volume of 367,088. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.14 and a current ratio of 2.85. The firm has a 50-day moving average price of $125.52 and a 200 day moving average price of $123.89. LCI Industries has a fifty-two week low of $78.35 and a fifty-two week high of $159.66. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 14.84 and a beta of 1.21.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, March 13th. LCI Industries's payout ratio is currently 60.93%.

Insider Activity at LCI Industries

In related news, insider Ryan Richard Smith sold 20,000 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $147.81, for a total value of $2,956,200.00. Following the completion of the transaction, the insider directly owned 10,092 shares in the company, valued at $1,491,698.52. The trade was a 66.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jamie Schnur sold 10,000 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $144.66, for a total transaction of $1,446,600.00. Following the completion of the transaction, the insider owned 19,420 shares of the company's stock, valued at approximately $2,809,297.20. This represents a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,000 shares of company stock worth $13,137,900 in the last three months. Company insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On LCI Industries

Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of LCI Industries in the 4th quarter valued at $30,000. Kestra Advisory Services LLC acquired a new position in LCI Industries during the fourth quarter worth $64,000. Northwestern Mutual Wealth Management Co. raised its position in LCI Industries by 358.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company's stock worth $58,000 after acquiring an additional 488 shares during the period. EverSource Wealth Advisors LLC raised its position in LCI Industries by 57.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,172 shares of the company's stock worth $107,000 after acquiring an additional 426 shares during the period. Finally, Simplex Trading LLC raised its position in LCI Industries by 228.8% during the fourth quarter. Simplex Trading LLC now owns 1,288 shares of the company's stock worth $156,000 after acquiring an additional 2,288 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries News Roundup

Here are the key news stories impacting LCI Industries this week:

• Positive Sentiment: Q1 results beat expectations — LCI reported $2.59 EPS and $1.09B revenue, topping consensus and showing year-over-year revenue growth; investors typically reward earnings beats. Read More.
• Positive Sentiment: FY-2026 EPS guidance slightly above Street — management set FY2026 EPS at $8.75–$9.25, a touch above consensus, which supports the stock given visibility on earnings. Read More.
• Neutral Sentiment: Merger talks with Patrick Industries terminated — the companies ended discussions after failing to reach terms; this removes near-term M&A upside but also avoids an uncertain deal. Read More.
• Neutral Sentiment: Trading was briefly halted ahead of the news release — a temporary halt flagged "News Pending," which is common around material announcements and simply concentrated activity around the print. (No article link available)
• Neutral Sentiment: Analyst consensus remains cautious ("Hold" average) — sell-side ratings are mixed, so further upward momentum may need sustained execution. Read More.
• Negative Sentiment: Revenue guidance is roughly flat-to-soft vs. Street — management's revenue range (~$4.2B–$4.3B) is slightly below some consensus estimates, which could cap multiple expansion if top-line cadence disappoints. Read More.

Analyst Upgrades and Downgrades

LCII has been the topic of several research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of LCI Industries in a research report on Thursday, January 22nd. Roth Mkm reissued a "neutral" rating and set a $164.00 target price on shares of LCI Industries in a research report on Thursday, February 19th. Truist Financial dropped their target price on shares of LCI Industries from $147.00 to $135.00 and set a "hold" rating on the stock in a research report on Tuesday, April 14th. Robert W. Baird set a $150.00 target price on shares of LCI Industries in a research report on Thursday, February 19th. Finally, Stifel Nicolaus assumed coverage on shares of LCI Industries in a research note on Tuesday, March 24th. They set a "buy" rating and a $152.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $154.29.

LCI Industries Company Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.

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