LCI Industries (LCII) investor relations material

Executive summary

• Q2 2026 net sales were $968.7M–$969M, down 12.5%–13% YoY, with adjusted net sales down 4% to $1.06B, primarily due to lower North American RV shipments and $88.8M–$89M in IEEPA tariff refunds passed through to customers.

• Net income rose 16% YoY to $67M ($2.75 per diluted share, up 20%), with adjusted net income at $66M and adjusted EPS up 13% to $2.70.

• Operating profit margin expanded 200 bps to 9.9%, driven by cost improvements, tariff refund benefits, and operational efficiencies.

• Announced a definitive agreement to merge with Patrick Industries, expected to close in H1 2027, with leadership transition underway.

• Quarterly dividend of $1.15 per share ($28M total) paid in Q2 2026.

Financial highlights

• Adjusted EBITDA increased 7% YoY to $129M (12.2% of adjusted net sales).

• Q2 2026 operating profit was $96M (9.9% margin), up from $87.8M YoY.

• Free cash flow for the first six months of 2026 was $142M, up from $133M YoY.

• Cash and cash equivalents at June 30, 2026: $216.5M–$217M; revolving credit facility availability: $595M.

• Paid off $92M of 2026 Convertible Notes at maturity using cash on hand.

Outlook and guidance

• 2026 North American RV wholesale shipments forecasted at 280,000–300,000 units, revised down from 315,000–330,000.

• Full-year 2026 revenue guidance: $3.9B–$4.1B; adjusted operating profit margin expected at 7.5%–8%.

• Adjusted EPS outlook: $8.25–$8.75.

• Full-year CapEx expected at $55M–$65M.

• Normal seasonal cadence expected for Q3 and Q4.