The beat on EPS and revenue, combined with raised adjusted EPS guidance, supports a bullish near-term view. However, the lowered RV wholesale shipment forecast and April sales decline signal ongoing end-market softness. Monitor the Q2 2026 earnings call for updates on RV retail demand and tariff impacts.
Price Chart
Executive Summary
LCI Industries reported Q1 2026 results with net sales up 4.3% YoY to $1.09B and diluted EPS of $2.53, a 30% YoY increase. The company reaffirmed its full-year 2026 revenue guidance of $4.2B-$4.3B and raised the lower end of adjusted EPS guidance to $8.75-$9.25, but lowered its North American RV wholesale shipment forecast to 315K-330K units from 335K-350K.
Key Financial Metrics
Key Facts
- Q1 2026 net sales of $1.09B, up 4.3% YoY from $1.05B
- Diluted EPS of $2.53, up 30% YoY from $1.94
- Adjusted diluted EPS of $2.59, up 18% YoY from $2.19
- Operating profit margin expanded 90 bps to 8.7% from 7.8%
- Adjusted EBITDA of $125M, up 13% YoY from $110.9M
- Full-year 2026 revenue guidance reaffirmed at $4.2B-$4.3B
- Full-year 2026 adjusted EPS guidance raised to $8.75-$9.25 (from $8.25-$9.25)
- North American RV wholesale shipment forecast lowered to 315K-330K from 335K-350K
- April 2026 net sales of approximately $374M, down 4% YoY
- Cash and cash equivalents of $142.2M at March 31, 2026
- Long-term indebtedness of $945.0M at March 31, 2026
Financial Impact
Q1 2026 net sales $1.09B, net income $62.9M, diluted EPS $2.53
Risk Factors
- Lowered North American RV wholesale shipment forecast indicates softening demand
- April 2026 net sales down 4% YoY suggests continued headwinds
- Tariffs on steel and aluminum continue to pressure material costs
- Aftermarket segment operating margin declined 90 bps YoY to 7.8%
- Operating cash flow negative $33.5M in Q1 2026 vs positive $42.7M in Q1 2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000763744-26-000024 |
| Document: lcii-20260505.htm | 0000763744-26-000024 |
| Document: lcii-irshortdeck1q26vfin.htm | 0000763744-26-000024 |
| Document: 0000763744-26-000024-index-headers.html | 0000763744-26-000024 |
| Document: 0000763744-26-000024-index.html | 0000763744-26-000024 |
| Document: 0000763744-26-000024.txt | 0000763744-26-000024 |
| 8-K Data (Synthetic) | 0000763744-26-000024 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | $107.32 $96.04 | ▼ −10.51% | ▼ −9.45% | $82.11 (−23.49%) |
Aug 7, 2026 8w ago | 8-K | $108.80 $102.60 | ▲ +5.70% | ▲ +5.30% | $82.11 (+24.53%) |
Aug 7, 2026 8w ago | 8-K | $108.80 $102.60 | ▼ −5.70% | ▼ −5.30% | $82.11 (−24.53%) |
Aug 5, 2026 8w ago | 8-K | $107.17 $102.69 | ▲ +4.18% | ▲ +3.58% | $82.11 (+23.38%) |
Jul 22, 2026 10w ago | 8-K | $106.01 $107.70 | ▲ +1.59% | ▼ −1.30% | $82.11 (−22.55%) |
Jul 21, 2026 10w ago | 425 | $104.78 $103.27 | ▼ −1.44% | ▼ −4.00% | $82.11 (−21.64%) |
Jul 1, 2026 13w ago | 425 | $103.36 $102.65 | ▼ −0.69% | ▼ −0.27% | $82.11 (−20.56%) |
Jul 1, 2026 13w ago | 425 | $102.04 $106.55 | ▲ +4.42% | ▲ +6.61% | $82.11 (−19.53%) |
Jun 30, 2026 13w ago | 425 | $102.04 $106.55 | ▲ +4.42% | ▲ +6.61% | $82.11 (−19.53%) |
Jun 30, 2026 13w ago | 425 | $102.04 $106.55 | ▲ +4.42% | ▲ +6.61% | $82.11 (−19.53%) |
US Market Status
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