LCI Industries Q3 sales fall 4%, miss estimates

LCI Industries

Yesterday 12:48

Overview
US RV components supplier's Q3 sales fell about 4% yr/yr and missed analyst expectations
Adjusted EPS for Q3 rose 12% year-over-year
Company cited margin expansion and growth in adjacent industries and aftermarket as key drivers

Outlook
Company expects 2026 revenue of $3.9 bln to $4.0 bln
Company sees 2026 adjusted EPS of $8.25 to $8.50
Company forecasts 2026 adjusted operating profit margin of 7.5% to 8.0%

Result Drivers
RV OEM WEAKNESS - Co said lower North American RV wholesale shipments and a shift toward lower-content travel trailers drove sales decline
COST IMPROVEMENT ACTIONS - Margin expansion attributed to cost improvement actions, including materials sourcing strategies
AFTERMARKET AND ADJACENT INDUSTRIES - Growth in automotive aftermarket and adjacent industries partially offset lower RV OEM sales

Company press release: ID:nBw9PPHcha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$992.48 mln
$1.03 bln (11 Analysts)
Q3 Net Income
 
$50.09 mln
 
Q3 Capex
 
$13.45 mln
 
Q3 Gross Profit
 
$263.80 mln
 
Q3 Operating income
 
$75.02 mln
 
Q3 Pretax Profit
 
$68.31 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $114.00, about 9.3% above its November 4 closing price of $104.28
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
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Nov 4 - Canada's Linamar Q3 sales rise on industrial demand, market-share gains

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.)