10-K · February 26, 2026
LCI Industries reported full-year 2025 net sales of $4.1 billion (up 10% vs. 2024) and net income of $188.3 million, or $7.57 per diluted share (vs. $142.9 million, $5.60 in 2024). Growth was driven by acquisitions…
Earnings analysis · 10-Q
LCII earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
LCI Industries reported robust results for Q1 2026 with revenue of $1.09 billion, exceeding both prior year and estimates. EPS grew to $2.53, up from the previous year's $1.94, reflecting improved operational efficiency…
Read full summary
LCI Industries reported robust results for Q1 2026 with revenue of $1.09 billion, exceeding both prior year and estimates. EPS grew to $2.53, up from the previous year's $1.94, reflecting improved operational efficiency despite challenges in the raw materials market. The OEM segment showed resilient performance, bolstered by price adjustments and product diversification, while management remains optimistic about future growth trajectories.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.53
What stood out
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Revenue Growth Strong
Total revenue was $1.09 billion, up 4.3% from $1.05 billion in Q1 2025.
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EPS Outperforms Estimates
Diluted EPS rose to $2.53 from $1.94 YoY, exceeding the expected $2.18.
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Operating Profit Margin Improvement
Operating margin improved to 8.7% from 7.8% in the previous year.
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Segment Performance Mixed
OEM Segment revenues increased 4% to $852 million, while Aftermarket Segment revenues grew 7% to $237.7 million.
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Cash Flow Challenges
Operating cash flow was negative at $(33.5) million, impacted by a $134.5 million increase in accounts receivable.
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Strong Liquidity Position
Cash and cash equivalents stood at $142.2 million with $595.2 million available under the revolving credit facility.
What to watch
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Raw Material Cost Pressures
Higher material costs negatively impacted profit by $38.4 million YoY.
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Interest Expense Increase
Net interest expense rose to $9.9 million from $6.0 million last year, impacting profitability.
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Challenges in RV Market
Wholesale shipments of travel trailers and fifth-wheels dropped 15%, indicating potential demand weaknesses.
Management's outlook
Management expects continued revenue growth despite a challenging material cost environment.
Earlier filings 4
10-Q · October 30, 2025
LCI Industries reported Q3 2025 net sales of $1,036,477,000 and diluted EPS of $2.55, with gross profit of $252,613,000 and operating profit of $75,439,000. Revenue, gross profit and operating profit all increased…
10-Q · August 5, 2025
LCI Industries reported quarter results with net sales of $1,107,250,000 and diluted EPS of $2.29 for the three months ended June 30, 2025. Revenue and EPS improved sequentially (vs Q1 2025) and year-over-year revenue…
10-Q · May 6, 2025
LCI Industries reported a strong quarter with net sales of $1,045,590,000 (up $77,561,000 or ~8.0% vs Q1 2024) and diluted EPS of $1.94 (up $0.50 vs $1.44). Gross profit increased to $251,749,000 (gross margin ~24.1%)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.