| Metric | Value ($ M) | Q2 FY25 |
|---|---|---|
| Revenue | 968.68 | 12.5% |
| Total Income | 968.68 | 12.5% |
| Expenditure | 872.72 | 14.4% |
| PBT | 90.20 | 15.5% |
| Net Profit | 67.14 | 16.5% |
| OPM | 9.91% | 1.98pp |
| NPM | 6.93% | 1.73pp |
| EPS | 2.76 | 20.5% |
LCI Industries Reports Q2 2026 Results with Expanded Profitability
05 Aug 2026 · 5 Aug, 4:42 pm
Summary
LCI Industries reported second quarter 2026 results, with net sales decreasing 13% to $969 million, though adjusted net sales were down 4% to $1,057 million after excluding tariff refunds. Despite lower sales, operating profit margin expanded significantly by 200 basis points to 9.9%, driven by cost improvement actions and operational efficiencies. Net income rose 16% to $67 million, with diluted earnings per share increasing 20% to $2.75, while adjusted EBITDA grew 7% to $129 million. Management highlighted strong execution of self-help initiatives and the strategic rationale for the proposed merger with Patrick Industries.
Key Highlights
- 1
Net sales decreased 13% to $969 million in the second quarter of 2026 compared to the same period in 2025.
- 2
Adjusted net sales decreased 4% to $1,057 million, excluding IEEPA tariff refunds.
- 3
Operating profit margin expanded 200 basis points to 9.9% from 7.9% year-over-year.
- 4
Net income increased 16% to $67 million, or $2.75 per diluted share, up 20% from $2.29.
- 5
Adjusted EBITDA increased 7% to $129 million, or 12.2% of adjusted net sales.
- 6
Towable RV content per unit increased 11% to $5,831.
- 7
The company entered into a definitive agreement to combine with Patrick Industries, Inc. in an all-stock merger.
Management Comments
Johnny Sirpilla
We delivered solid second quarter results with expanded profitability despite continued soft outdoor recreation industry demand. Our 2026 performance has been driven first and foremost by our self-help initiatives. Through disciplined operational efficiencies and strategic cost reduction actions, we've structurally improved our cost base and expanded net margins despite a challenging wholesale RV production environment and continued retail softness. Our disciplined cost management execution and increased product content per unit has fundamentally strengthened our earnings power and position us to generate higher returns throughout the cycle. I am energized by the opportunities ahead and appreciate the value LCI delivers to its customers across the many dynamic markets we serve. I’m equally excited about the compelling strategic and financial rationale for our proposed merger with Patrick. Together, we expect to create a broader, more innovative product platform, expand our addressable market, and cost-effectively bring more products within reach of outdoor recreation consumers. In the meantime, our talented, innovation-minded team remains squarely focused on advancing our strategic investments and cost optimization initiatives and we look forward to finishing the year strong in our drive to enhance shareholder value.
Informational and educational content only. Not investment advice.