LCI Industries (NYSE:LCII) Issues Earnings Results

LCI Industries (NYSE:LCII) posted its quarterly earnings data on Tuesday. The company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.42, FiscalAI reports. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. LCI Industries had a net margin of 4.57% and a return on equity of 13.55%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.19 earnings per share. 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 Trading Up 4.9%

Shares of LCII traded up $5.27 during mid-day trading on Tuesday, reaching $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 current ratio of 2.85 and a quick ratio of 1.14. LCI Industries has a 52-week low of $78.35 and a 52-week high of $159.66. The business’s fifty day moving average is $125.52 and its 200 day moving average is $123.89. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 14.84 and a beta of 1.21.

LCI Industries Announces Dividend

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

Key Headlines Impacting LCI Industries

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 Ratings Changes

A number of equities analysts have weighed in on the stock. Roth Mkm restated a “neutral” rating and set a $164.00 price objective 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 for the company in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. Stifel Nicolaus started coverage on shares of LCI Industries in a report on Tuesday, March 24th. They set a “buy” rating and a $152.00 target price for the company. Finally, Wall Street Zen lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, LCI Industries currently has an average rating of “Hold” and an average target price of $154.29.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $142.76, for a total value of $1,427,600.00. Following the completion of the sale, the chief executive officer owned 334,973 shares of the company’s stock, valued at approximately $47,820,745.48. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jamie Schnur sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 19,420 shares of the company’s stock, valued at $2,809,297.20. This represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 90,000 shares of company stock valued at $13,137,900. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On LCI Industries

A number of hedge funds have recently modified their holdings of LCII. AQR Capital Management LLC purchased a new stake in shares of LCI Industries in the first quarter valued at about $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in LCI Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock valued at $1,290,000 after buying an additional 643 shares during the last quarter. Empowered Funds LLC acquired a new position in LCI Industries in the first quarter valued at about $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in LCI Industries by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after buying an additional 7,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in LCI Industries in the second quarter valued at about $1,542,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.