Lci Industries (LCII)
NYSE:LCII
Want to see LCII full AI Analyst Report?
Top Page
LCI Industries
(NYSE:LCII)
Select Model
Select Model
Rating:64Neutral
Price Target:
$121.00
▼(-1.97% Downside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by improving financial performance and a constructive earnings outlook focused on margin expansion and product/content gains, supported by reasonable valuation and a strong dividend yield. These positives are tempered by weak technical momentum and ongoing RV industry softness alongside tariff/material cost and execution risks.
Positive Factors
Product & content gains
LCI's recent product launches carry a >$270M annualized run-rate with another ~$140M expected from 2027 placements. Durable content-per-unit gains raise revenue per RV and build a larger installed base for recurring aftermarket sales, reducing reliance on unit volume recovery.
Negative Factors
RV market cyclicality and softness
LCI's core OEM revenue is tied to RV production; a >12% industry drop and reduced shipment guidance directly lower component demand. Even with market-share and content gains, sustained weak RV volumes can materially depress revenue and delay leverage recovery across multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Product & content gains
LCI's recent product launches carry a >$270M annualized run-rate with another ~$140M expected from 2027 placements. Durable content-per-unit gains raise revenue per RV and build a larger installed base for recurring aftermarket sales, reducing reliance on unit volume recovery.
Read all positive factors
LCI Industries (LCII) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.71B
Dividend Yield3.72%
Average Volume (3M)420.31K
Price to Earnings (P/E)14.8
Beta (1Y)0.79
Revenue Growth9.12%
EPS Growth34.38%
CountryUS
Employees11,500
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)10.16
Shares Outstanding24,285,202
10 Day Avg. Volume230,022
30 Day Avg. Volume420,315
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)2.21
Price to Sales (P/S)0.73
P/FCF Ratio10.81
Enterprise Value/Market Cap1.40
Enterprise Value/Revenue0.73
Enterprise Value/Gross Profit3.03
Enterprise Value/Ebitda7.09
Forecast
1Y Price Target
$149.20Price Target Upside20.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)8.92
Revenue Forecast (FY)$4.26B
LCI Industries Business Overview & Revenue Model
Company Description
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equip...
How the Company Makes Money
LCI Industries makes money mainly by selling manufactured components and assemblies to original equipment manufacturers (OEMs), especially RV manufacturers, and by selling replacement parts and accessories into the aftermarket.
1) OEM component s...
LCI Industries Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call presented a largely positive operational and financial picture: revenue growth, margin expansion, strong cash/liquidity and successful diversification and product innovation drove outperformance despite a weak RV industry. Management highlighted meaningful self-help cost savings, successful integration of acquisitions, and sizable aftermarket and product-driven upside (e.g., $270M run rate from new products and ~$140M incremental placements). Key headwinds remain industry softness in RV wholesale and retail demand, tariff and material cost pressures (with some margin impact in Aftermarket), and execution/disruption risk from planned facility consolidations. Overall, the positives—particularly margin expansion, cash position, product/content gains and diversification—outweigh the near-term industry-related lowlights.Positive Updates
Top-Line Growth
Consolidated revenue grew 4% year-over-year to $1.1 billion in Q1 2026, driven by OEM net sales up 4% to $853 million and Aftermarket net sales up 7% to $238 million.
Negative Updates
RV Market Weakness and Revenue Impact
RV OEM revenue declined 4% year-over-year despite company outperformance versus industry—industry RV wholesale shipments were down more than 12% through Q1; company reduced its RV wholesale shipment outlook to 315,000–330,000 units (a 20,000 unit reduction at both ends of prior expectations).
Read all updates
Q1-2026 Updates
Positive
Negative
Top-Line Growth
Consolidated revenue grew 4% year-over-year to $1.1 billion in Q1 2026, driven by OEM net sales up 4% to $853 million and Aftermarket net sales up 7% to $238 million.
Read all positive updates
Company Guidance
LCI updated its 2026 guidance and targets: RV wholesale shipments now 315,000–330,000 (reduced 20,000 at both ends), full‑year revenue $4.2B–$4.3B, operating profit margin 7.5%–8.0% (targeting 70–120 bps improvement in 2026 on the path to double‑digit EBIT), and adjusted EPS $8.75–$9.25 (up to ~24% YoY at the high end). Other forward metrics: capital expenditures $55M–$75M, expect to address 8–10 facilities this year, ~$140M incremental annualized run‑rate from new 2027 model placements, marine OEMs flat to low‑single‑digit growth, ~$70M auto aftermarket opportunity from First Brands, liquidity >$700M (cash $142M; revolver ~ $600M), net debt/adjusted EBITDA ~1.9x (target 1.5–2x), $300M repurchase program and quarterly dividend $1.15 (yield >3.5%).LCI Industries Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.21B | 4.12B | 3.74B | 3.78B | 5.21B | 4.47B |
| Gross Profit | 1.25B | 980.29M | 879.72M | 776.19M | 1.27B | 1.04B |
| EBITDA | 536.97M | 412.01M | 343.93M | 255.20M | 682.24M | 513.03M |
| Net Income | 251.20M | 188.25M | 142.87M | 64.19M | 394.97M | 287.74M |
Balance Sheet | ||||||
| Total Assets | 3.22B | 3.18B | 2.89B | 2.96B | 3.25B | 3.29B |
| Cash, Cash Equivalents and Short-Term Investments | 142.24M | 222.62M | 165.76M | 66.16M | 47.50M | 62.90M |
| Total Debt | 1.24B | 1.24B | 995.85M | 1.11B | 1.38B | 1.48B |
| Total Liabilities | 1.83B | 1.82B | 1.51B | 1.60B | 1.87B | 2.20B |
| Stockholders Equity | 1.39B | 1.36B | 1.39B | 1.36B | 1.38B | 1.09B |
Cash Flow | ||||||
| Free Cash Flow | 235.21M | 278.33M | 327.95M | 465.02M | 471.87M | -210.11M |
| Operating Cash Flow | 297.52M | 330.98M | 370.28M | 527.23M | 602.51M | -111.57M |
| Investing Cash Flow | -156.67M | -147.07M | -61.10M | -83.75M | -241.79M | -281.22M |
| Financing Cash Flow | -161.04M | -125.49M | -208.22M | -426.18M | -374.87M | 404.56M |
LCI Industries Technical Analysis
Neutral
123.43
Price Trends
118.90
Negative
128.78
Negative
115.49
Negative
Market Momentum
-3.02
Positive
44.62
Neutral
40.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LCII, the sentiment is Neutral. The current price of 123.43 is above the 20-day moving average (MA) of 113.55, above the 50-day MA of 118.90, and above the 200-day MA of 115.49, indicating a bearish trend. The MACD of -3.02 indicates Positive momentum. The RSI at 44.62 is Neutral, neither overbought nor oversold. The STOCH value of 40.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LCII.
LCI Industries Risk Analysis
LCI Industries disclosed 40 risk factors in its most recent earnings report. LCI Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LCI Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $2.71B | 14.80 | 14.69% | 3.72% | 9.12% | 34.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $5.26B | 57.24 | -8.07% | 2.27% | 8.35% | -271.39% | |
61 Neutral | $3.86B | -16.50 | -45.60% | 3.99% | 4.30% | -1186.05% | |
60 Neutral | $2.50B | 22.45 | 7.04% | 3.47% | -9.82% | -33.48% | |
55 Neutral | $841.76M | 58.59 | 3.39% | 3.42% | 5.81% | ― | |
51 Neutral | $4.05B | 82.80 | 7.01% | 1.94% | 4.59% | 49.09% |
* Consumer Cyclical Sector Average
LCII
LCI Industries
111.67
27.93
33.35%
BC
Brunswick
80.96
32.37
66.62%
HOG
Harley-Davidson
23.73
0.19
0.81%
PII
Polaris
67.83
31.67
87.61%
THO
Thor Industries
77.01
-0.86
-1.11%
WGO
Winnebago Industries
29.78
-2.54
-7.87%
LCI Industries Corporate Events
Dividends
LCI Industries Declares Regular Quarterly Cash Dividend
Positive
May 12, 2026
On May 12, 2026, LCI Industries announced that its board of directors had approved a regular quarterly cash dividend of $1.15 per share of common stock. The dividend is scheduled to be paid on June 12, 2026, to shareholders of record as of the clo...
Executive/Board ChangesShareholder Meetings
LCI Industries Shareholders Back Board, Pay and Incentive Plan
Positive
May 12, 2026
At its Annual Meeting of Stockholders held on May 12, 2026, LCI Industries shareholders elected eight directors to serve until the next annual meeting, with each nominee receiving strong majority support. Investors also approved, on an advisory ba...
Business Operations and StrategyFinancial Disclosures
LCI Industries Delivers Solid Q1 Growth Amid Soft Markets
Positive
May 6, 2026
On May 5, 2026, LCI Industries reported first-quarter 2026 results showing 4% year-over-year revenue growth to $1.1 billion, an EBITDA margin of 11.5% and an 18% increase in adjusted diluted EPS, achieved despite sluggish retail and wholesale leis...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
LCI Industries Ends Merger Talks, Reaffirms Standalone Strategy
Neutral
May 4, 2026
LCI Industries, a global supplier of engineered components to the outdoor recreation and transportation markets through its Lippert subsidiary, serves both OEM and aftermarket customers with a focus on innovation and advanced manufacturing. The co...
Financial Disclosures
LCI Industries Schedules First Quarter 2026 Earnings Release
Neutral
Apr 20, 2026
On April 20, 2026, LCI Industries announced that it will release its first quarter 2026 financial results before the market opens on Tuesday, May 5, 2026. The company, a major supplier to recreation and transportation markets, is aiming to provide...
Business Operations and StrategyM&A Transactions
LCI Industries in Merger Talks With Patrick Industries
Neutral
Apr 17, 2026
On April 17, 2026, LCI Industries confirmed it is engaged in discussions with Patrick Industries regarding a potential merger of equals, signaling possible large-scale consolidation in the outdoor recreation and transportation supply chain. The co...
Dividends
LCI Industries Declares Regular Quarterly Cash Dividend
Positive
Feb 27, 2026
LCI Industries, through its Lippert subsidiary, is a global supplier of engineered components to the outdoor recreation and transportation markets, serving both OEM and aftermarket customers with an emphasis on innovation and advanced manufacturin...
Business Operations and StrategyFinancial Disclosures
LCI Industries Reports Strong Q4 Growth and Margins
Positive
Feb 20, 2026
On its 18 February 2026 call discussing fourth-quarter 2025 results, LCI Industries reported 15% year-over-year revenue growth and more than doubled operating margins, underpinned by strong OEM and aftermarket performance. Management highlighted 1...
Executive/Board Changes
LCI Industries Announces Retirement of Longtime Board Director
Neutral
Feb 13, 2026
LCI Industries, a major supplier of engineered components to the outdoor recreation and transportation sectors, operates globally through its Lippert subsidiary and targets both OEM and aftermarket customers. The company emphasizes innovation and ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.