LCI Industries (LCII) investor relations material

Executive summary

• Net sales for Q1 2026 rose 4% year-over-year to $1.1 billion, with net income up 27% to $63 million and diluted EPS increasing to $2.53, driven by diversification, innovation, and acquisitions despite softness in retail and wholesale leisure markets.

• Adjusted EBITDA increased 13% to $125 million (11.5% of net sales), and operating profit margin expanded 90 bps to 8.7% year-over-year, aided by operational improvements and strategic sourcing.

• European operations delivered their strongest quarterly results following restructuring.

• Strong cash flow from operations at $255 million for the last twelve months; $28 million returned to shareholders via dividends in Q1.

Financial highlights

• Q1 consolidated net sales up 4% to $1.1 billion; OEM net sales up 4% to $852.8 million, driven by 17% growth in adjacent industries OEM.

• Aftermarket net sales increased 7% to $237.7 million; automotive aftermarket trending up mid-teens in Q2.

• Operating profit rose 17% to $95.2 million; operating margin expanded to 8.7%.

• Adjusted net income was $63 million ($2.59 per share), up 18% year-over-year.

• Cash and cash equivalents at $142 million; $595 million available on revolving credit facility.

Outlook and guidance

• Full-year 2026 revenue expected at $4.2–$4.3 billion; operating margin guided at 7.5%–8.0%.

• Adjusted EPS guidance raised to $8.75–$9.25, up to 24% annual growth at the high end.

• RV wholesale shipments forecast lowered to 315,000–330,000 units; marine industry expected flat to low single-digit growth.

• Capital expenditures projected at $55–$75 million for 2026.