LCI Industries (NYSE:LCII) Announces Quarterly Earnings Results

LCI Industries (NYSE:LCII) announced its quarterly earnings results on Wednesday. The company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.09, FiscalAI reports. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.12 billion. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the business posted $2.39 earnings per share. LCI Industries updated its FY 2026 guidance to 8.250-8.750 EPS.

Here are the key takeaways from LCI Industries’ conference call:

• Profitability improved despite weak demand: Q2 adjusted operating profit rose 8% to $99 million, with the margin expanding 110 basis points to 9.3%; adjusted EPS increased 13% to $2.70.
• The company lowered its 2026 RV wholesale shipment outlook to 280,000–300,000 units from 315,000–330,000 previously, reducing expected adjusted revenue to $3.9–$4.1 billion and adjusted EPS to $8.25–$8.75.
• Aftermarket sales grew 11% year over year, supported by repair and replacement demand, used-RV purchases, new automotive aftermarket business, and market-share gains following a competitor’s bankruptcy; management expects continued high-single- to low-double-digit growth.
• Product innovation and content gains remain important growth drivers, with RV content per unit up 11% to $5,831 and approximately $140 million of annualized revenue expected from new product placements during the 2027 model change.
• LCI ended the quarter with $812 million of liquidity and net debt leverage of 1.5x adjusted EBITDA, while maintaining its $1.15-per-share quarterly dividend; management also reiterated its 7.5%–8% full-year adjusted operating margin target.

LCI Industries Stock Performance

Shares of NYSE:LCII traded up $0.43 during trading on Wednesday, reaching $107.48. 219,134 shares of the company’s stock traded hands, compared to its average volume of 404,428. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.91 and a quick ratio of 1.20. The company has a 50 day moving average of $101.05 and a 200-day moving average of $119.78. The stock has a market capitalization of $2.61 billion, a P/E ratio of 13.25 and a beta of 1.18. LCI Industries has a 12 month low of $84.33 and a 12 month high of $159.66.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, May 29th. LCI Industries’s dividend payout ratio is 56.51%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. acquired a new stake in LCI Industries during the fourth quarter valued at approximately $8,581,000. Invesco Ltd. boosted its holdings in LCI Industries by 24.0% during the fourth quarter. Invesco Ltd. now owns 126,775 shares of the company’s stock worth $15,383,000 after buying an additional 24,526 shares in the last quarter. Corient Private Wealth LLC grew its position in LCI Industries by 155.1% in the fourth quarter. Corient Private Wealth LLC now owns 6,498 shares of the company’s stock worth $785,000 after buying an additional 3,951 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of LCI Industries by 52.5% in the fourth quarter. First Citizens Bank & Trust Co. now owns 4,120 shares of the company’s stock valued at $500,000 after buying an additional 1,419 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of LCI Industries by 6,456.8% in the fourth quarter. NewEdge Advisors LLC now owns 2,426 shares of the company’s stock valued at $294,000 after buying an additional 2,389 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

LCII has been the topic of a number of recent research reports. Truist Financial reduced their target price on LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Benchmark decreased their price target on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Stifel Nicolaus lowered their target price on shares of LCI Industries from $152.00 to $137.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Weiss Ratings downgraded LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Roth Capital upgraded LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price objective on the stock in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $140.57.

About LCI Industries

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.