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Dec 31, 2025
LCI Q4 2025 Earnings Report
LCI Industries reported strong revenue growth and doubled operating income in Q4 2025, driven by organic growth in RV OEM and strategic acquisitions.
Key Takeaways
LCI Industries delivered a very strong fourth quarter of 2025, with net sales increasing 16% to $933 million and operating profit more than doubling. This performance was primarily driven by organic growth in RV OEM, market share gains, and contributions from acquired businesses, despite a challenging wholesale environment.
Net sales increased 16% to $933 million, primarily due to organic growth in RV OEM.
Operating profit margin expanded 180 bps to 3.8% from 2.0% in the prior year.
Net income surged by 96% to $19 million, with diluted EPS more than doubling to $0.77.
Adjusted EBITDA increased 53% to $70 million, representing 7.5% of net sales.
Revenue by Segment
Forward Guidance
LCI Industries expects continued growth in 2026, with projected revenue between $4.2 billion and $4.3 billion, and an operating profit margin of 7.5% to 8.0%.
Positive Outlook
- Projected 2026 revenue of $4.2 billion to $4.3 billion, indicating continued growth.
- Anticipated 2026 operating profit margin of 7.5% to 8.0%, suggesting improved profitability.
- Expected 2026 adjusted EPS of $8.25 to $9.25, reflecting strong earnings outlook.
- January 2026 net sales up 4% from prior year, showing a positive start to the new fiscal year.
- North American RV wholesale shipments projected at 335,000 to 350,000 units for 2026.
Challenges Ahead
- Current market and economic conditions could impact actual results.
- Existing tariffs may continue to affect material costs.
- Potential for hold times of up to 15 minutes for conference calls due to high volume of companies reporting earnings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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