LCI Industries
NYSE:LCII

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LCI Industries
NYSE:LCII
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Price: 120.99 USD -0.63% Market Closed
Market Cap: 2.9B USD

LCI Industries
Investor Relations

In the heart of the recreational vehicle industry, LCI Industries stands as a pivotal player, weaving its narrative through innovation and adaptation. Enriching the RV experience, LCI, through its subsidiary Lippert Components, has carved a niche by focusing on manufacturing and supplying an extensive range of products. The company's spectrum of offerings stretches beyond the conventional, encapsulating everything from suspension products, chassis, axles, and electronic components to slide-out mechanisms and windows. This strategic diversification not only cements its importance in the RV manufacturing ecosystem but ensures stability against the cyclical nature of consumer preferences and economic fluctuations.

LCI Industries thrives on its ability to closely align with customer desires in the RV and related markets. By embedding itself deeply into the fabric of vehicle component manufacturing, LCI is able to keep its finger on the pulse of evolving consumer trends, such as the growing demand for outdoor lifestyle products. This sensitivity to market dynamics is complemented by its lean manufacturing processes and just-in-time production model, which optimize efficiency and reduce costs. In essence, LCI's revenue stream is fueled by its commitment to innovation and adaptability, crafting products that not only meet but anticipate the needs of adventure-loving consumers around the globe. Through these efforts, LCI Industries not only captures market share but fosters loyalty within a growing community of RV enthusiasts.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Strong Revenue Growth: LCI reported 13% sales growth to over $1 billion, driven by double-digit gains in RV and Adjacent businesses and successful integration of acquisitions.

Margin Expansion: Operating margin improved by 140 basis points year-over-year to 7.3%, surpassing expectations and supported by cost management and footprint optimization.

Improved Guidance: Management expects mid-teens revenue growth in Q4 and full-year operating margin improvements, matching Q3 expansion levels.

Aftermarket Strength: Aftermarket net sales grew 7% year-over-year, fueled by new product introductions and expanded service infrastructure.

Capital Allocation: Returned $215 million to shareholders year-to-date through dividends and share repurchases, and lowered full-year CapEx guidance.

Industry Outlook: North American RV shipments projected at 340,000–350,000 units for 2025, with expected growth to 345,000–360,000 in 2026.

Product Mix Shift: Shift away from single-axle trailers is benefiting content and margins, and content per unit continues to rise.

Key Financials
Revenue
$1 billion
Operating Margin
7.3%
Operating Profit
$75 million
Adjusted EBITDA
$106 million
Net Income
$62 million
EPS (Earnings Per Share)
$2.55
OEM Net Sales
$790 million
RV OEM Net Sales
$470 million
Adjacent Businesses OEM Net Sales
$320 million
Aftermarket Net Sales
$246 million
RV Content per Towable Unit
$5,431
RV Content per Motorized Unit
$3,839
OEM Segment Operating Margin
5.5%
Aftermarket Segment Operating Margin
12.9%
Cash and Cash Equivalents
$200 million
Operating Cash Flow (YTD to September 30, 2025)
$252 million
Capital Expenditures
$38 million (YTD); Full-year guidance: $45–$55 million
Net Inventory Balance
$741 million
Net Debt
$748 million
Return to Shareholders (YTD)
$215 million
Share Repurchases (YTD)
$129 million
Dividends Paid (YTD)
$86 million
Dividend Per Share (Quarterly)
$1.15 per share
RV Wholesale Shipments (2025 Guidance)
340,000–350,000 units
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jason D. Lippert
CEO, President & Director
No Bio Available
Ms. Lillian D. Etzkorn
Executive VP & CFO
No Bio Available
Mr. Andrew J. Namenye
Executive VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Jamie M. Schnur
Group President of Aftermarket
No Bio Available
Mr. Ryan Richard Smith
Group President of North America
No Bio Available
Mr. Kip A. Emenhiser
VP of Finance, Corporate Controller, Principal Accounting Officer & Treasurer
No Bio Available
Ms. Eileen S. Pruitt
Executive VP, CHRO & Sr. Legal Counsel
No Bio Available

Contacts

Address
INDIANA
Elkhart
3501 County Road 6 E
Contacts
+15745351125.0
www.lci1.com