Quarterly ResultAug 5, 2026, 07:12 AM
LCI Industries Q2 Net Income Up 16% to $67M; Merger with Patrick
AI Summary
LCI Industries reported mixed second quarter 2026 results, with net income increasing 16% to $67 million and diluted EPS up 20% to $2.75, despite a 13% decrease in net sales to $969 million. The company also announced it entered into a definitive agreement to merge with Patrick Industries, Inc. in an all-stock transaction. LCI Industries lowered its 2026 guidance for North American RV wholesale shipments and revenue, but reaffirmed its operating profit margin and adjusted EPS outlook, citing strong execution and expanded profitability.
Key Highlights
- Entered into a definitive agreement to combine with Patrick Industries, Inc. in an all-stock merger.
- Net income increased 16% to $67 million in Q2 2026.
- Diluted earnings per share increased 20% to $2.75 in Q2 2026.
- Net sales decreased 13% to $969 million in Q2 2026.
- Operating profit margin expanded 200 bps to 9.9% in Q2 2026.
- 2026 North American RV wholesale shipments guidance lowered to 280,000-300,000 units.
- 2026 revenue guidance lowered to $3.9 billion to $4.1 billion.
- Reaffirmed 2026 operating profit margin guidance of 7.5% to 8.0%.
Price Impact
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