Quarterly ResultMay 6, 2026, 02:51 PM
LCI Industries Q1 Adj. EPS $2.59, Revenue $1.1B; Maintains FY26 Outlook
AI Summary
LCI Industries reported strong first-quarter 2026 results with adjusted diluted EPS up 18% to $2.59 and revenue growing 4% to $1.1 billion, despite continued sluggishness in leisure markets. The company's diversification strategy, particularly in European operations and adjacent industries, drove performance, alongside significant operational efficiencies and G&A cost reductions. While RV wholesale shipment expectations for 2026 were lowered, LCI maintained its full-year revenue and operating profit margin guidance, tightening its adjusted EPS outlook.
Key Highlights
- Q1 2026 adjusted diluted EPS increased 18% year-over-year to $2.59.
- Q1 2026 revenue grew 4% year-over-year to $1.1 billion.
- Operating margin expanded 90 basis points to 8.7%; Adjusted EBITDA margin reached 11.5%.
- OEM net sales increased 4% to $853 million, with Adjacent industry OEM sales up 17%.
- Aftermarket net sales grew 7% year-over-year to $238 million.
- Towable RV content per unit increased 13% year-over-year to $5,826.
- Full-year 2026 RV wholesale shipment outlook revised to 315,000-330,000 units.
- Full-year 2026 adjusted EPS guidance tightened to $8.75-$9.25.
Price Impact
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