LCI Industries Q2 sales miss on RV shipment decline

LCI Industries

05/08/2026 12:14

Overview
US engineered components supplier's Q2 net sales fell 13% yr/yr, missing analyst expectations
Adjusted diluted EPS for Q2 rose 13% yr/yr, supported by margin expansion and cost actions
Company entered definitive agreement to merge with Patrick Industries in an all-stock deal

Outlook
Company sees July 2026 net sales of about $315 mln, down 4% from prior year
Company lowers 2026 North American RV wholesale shipment forecast to 280,000-300,000 units from 315,000-330,000
Company cuts 2026 revenue outlook to $3.9 bln-$4.1 bln, citing softened market conditions

Result Drivers
RV SHIPMENT DECLINE - Co said lower North American RV wholesale shipments were the main driver of decreased net sales
COST ACTIONS - Margin expansion was attributed to disciplined operational efficiencies, strategic cost reduction actions, and materials sourcing strategies
AFTERMARKET GROWTH - Aftermarket segment sales rose on price increases, acquired businesses, and higher automotive aftermarket volumes

Company press release: ID:nBwNHCMMa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$968.68 mln
$1.14 bln (10 Analysts)
Q2 Net Income
 
$67.14 mln
 
Q2 Capex
 
$18.76 mln
 
Q2 Gross Profit
 
$301.14 mln
 
Q2 Operating income
 
$95.96 mln
 
Q2 Pretax Profit
 
$90.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for LCI Industries is $137.00, about 28% above its August 4 closing price of $107.05
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 4 - Core Molding Q2 production revenue falls 1.2% on weak truck demand
Aug 4 - Standard Motor Products beats Q2 adjusted EPS estimates, reaffirms FY guidance 
Aug 4 - TransDigm lifts 2026 forecast on robust aftermarket aircraft parts demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)