LCI Industries (NYSE:LCII – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.06 by $0.15, FiscalAI reports. The company had revenue of $992.48 million for the quarter, compared to analyst estimates of $990.62 million. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%. LCI Industries’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.97 earnings per share. LCI Industries updated its FY 2026 guidance to 8.250-8.500 EPS.
Here are the key takeaways from LCI Industries’ conference call:
- Third-quarter net sales fell 4% year over year, with RV OEM sales down 17% amid weak demand. Growth in aftermarket sales (+6%) and adjacent industries (+7%) helped offset the decline.
- Adjusted operating margin expanded 100 basis points to 8.3%, adjusted EPS rose to $2.21 from $1.97, and RV towable content per unit increased 6% to $5,733. Management attributed the improvement to pricing and cost actions, while noting lower sales weighed on fixed-cost absorption.
- For full-year 2026, LCI expects adjusted revenue of $3.9 billion–$4.0 billion, an adjusted operating margin of 7.5%–8.0%, and adjusted EPS of $8.25–$8.50; expected RV wholesale shipments are 285,000–295,000 units.
- LCI said its board rejected Monomoy Capital’s proposal as not superior to the proposed Patrick Industries merger, which management expects to generate about $150 million in net run-rate cost synergies within three years of closing.
- The company ended the quarter with $841 million in total liquidity and a net-debt-to-adjusted-EBITDA ratio of 1.4x, down from 1.8x at the start of the year.
LCI Industries Stock Performance
LCI Industries stock opened at $99.46 on Friday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 11.56 and a beta of 1.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.49 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $89.76 and a 200-day simple moving average of $110.94. LCI Industries has a 1-year low of $77.58 and a 1-year high of $159.66.
Wall Street Analyst Weigh In
Several equities research analysts have commented on LCII shares. Weiss Ratings lowered LCI Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. BMO Capital Markets set a $118.00 price objective on LCI Industries in a report on Thursday, August 6th. Zacks Research raised shares of LCI Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 target price on shares of LCI Industries in a report on Thursday, August 6th. Finally, Roth Capital set a $112.00 target price on shares of LCI Industries in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $113.50.
View Our Latest Analysis on LCII
More LCI Industries News
Here are the key news stories impacting LCI Industries this week:
- Positive Sentiment: Third-quarter adjusted EPS was $2.21, above analyst estimates of $2.03–$2.06 and up from $1.97 a year earlier. Revenue of $992.48 million also modestly exceeded expectations, while the company reported operating margin expansion. Article: LCI Q3 Earnings Surpass Estimates
- Positive Sentiment: LCI is targeting $150 million in merger-related synergies within three years, which could support future profitability if achieved. Article: LCI revenue outlook and merger synergies
- Neutral Sentiment: 2026 EPS guidance of $8.25–$8.50 brackets the $8.36 consensus estimate, leaving the outlook broadly in line with expectations.
- Negative Sentiment: Revenue fell 4.2% year over year, and 2026 revenue guidance of $3.9–$4.0 billion has a midpoint below analysts’ $4.0 billion estimate. That softer sales outlook may offset the earnings beat and help explain why the stock has moved lower.
LCI Industries Company Profile
LCI Industries, formerly known as Drew Industries, is a manufacturer and supplier of components and systems used primarily in recreational vehicles (RVs), as well as in the marine, powersports, automotive, and other transportation markets. Through its Lippert business, the company provides products to original equipment manufacturers and serves consumers through replacement and aftermarket channels.
Its product portfolio includes chassis and structural components, axles and suspension systems, slide-out systems, windows, doors, entry steps, awnings, leveling systems, furniture, mattresses, appliances, electronics, and plumbing products.
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