LCI Industries Q1 revenue slightly beats estimates on acquisitions and pricing

LCI Industries

05/05/2026 12:25

Overview

U.S. RV components supplier's Q1 revenue rose 4%, slightly beating analyst expectations

Adjusted EPS for Q1 rose 18% year-over-year to $2.59

Company cites cost actions, innovation, and premium RV mix for margin expansion

Outlook

Company sees April 2026 net sales of about $374 mln, down 4% from prior year

Company lowers 2026 North American RV wholesale shipment forecast to 315,000-330,000 units from 335,000-350,000

LCI Industries expects 2026 revenue of $4.2 bln to $4.3 bln and operating profit margin of 7.5%-8.0%

Company raises lower end of 2026 adjusted EPS outlook to $8.75-$9.25 from $8.25-$9.25

Result Drivers

COST ACTIONS - Margin expansion primarily driven by reduced costs from materials sourcing strategies and footprint optimizations

ACQUISITIONS AND PRICING - Revenue growth supported by sales from acquired businesses and sales price increases to cover higher material costs

INNOVATION AND PREMIUM MIX - Higher North American RV sales mix toward premium fifth-wheel units and recent innovations contributed to results

Company press release: ID:nBw7tpYKWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
$1.09 bln
$1.08 bln (11 Analysts)
Q1 EPS
$2.53
Q1 Net Income
$62.95 mln
Q1 Capex
$9.67 mln
Q1 Gross Profit
$273.67 mln
Q1 Operating income
$95.16 mln
Q1 Pretax Profit
$85.25 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "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 $152.00, about 42.3% above its May 4 closing price of $106.79

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 18 three months ago

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.)