LCI Industries
Supplies Lippert component systems and aftermarket parts for RV, marine, transportation, and housing markets.
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Profile
Supplies Lippert chassis, suspension, glass, furniture, appliance, towing, and other systems to RV, marine, transportation, and housing manufacturers, then sells replacement parts and upgrades through aftermarket channels. Most revenue comes from OEM customers, leaving demand tied to recreational-vehicle production and consumer financing.
Supplies engineered components through Lippert to manufacturers of RVs, boats, transportation equipment, and housing. Products include chassis and suspension systems, windows and glass, furniture and appliances, towing accessories, doors, awnings, leveling equipment, and slide-outs. Operations span North America and Europe.
Sells replacement parts, accessories, and upgrades through dealers, distributors, service centers, and online channels; CURT towing products account for roughly half of aftermarket sales. Metal, glass, furniture, electronics, and power-and-motion manufacturing near major customers supports short lead times.
Demand follows discretionary RV and marine purchases, OEM production cycles, dealer financing and inventories, large-customer concentration, and steel and aluminum costs. An agreed all-stock merger with Patrick Industries remains subject to shareholder, regulatory, and other closing approvals.
Company facts
Categories
Key statistics
Year to date −17.1% · Average volume (30d) 271.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | Roth Capital | Reiterate | Buy | $164 | $135 |
| Aug 6, 2026 | Robert W. Baird | Target | $140 | $119 | |
| Aug 6, 2026 | BMO Capital | Target | $155 | $118 | |
| Aug 6, 2026 | Jefferies | Reiterate | Hold | $120 | |
| Jul 20, 2026 | Stifel Nicolaus | Target | $137 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $2.58 | $2.70 | +4.7% | $1.12B | $968.7M | −13.6% | +0.11% |
| May 5, 2026Q1 FY26 | $2.22 | $2.59 | +16.7% | $1.08B | $1.09B | +1.2% | +4.39% |
| Feb 18, 2026Q4 FY25 | $0.69 | $0.89 | +29.0% | $913.1M | $932.7M | +2.1% | −5.11% |
| Oct 30, 2025Q3 FY25 | $1.44 | $1.97 | +36.8% | $964.0M | $1.04B | +7.5% | +8.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.11B | $1.04B | $932.7M | $1.09B | $968.7M | |
| Gross profit | $251.7M | $270.0M | $252.6M | $205.9M | $273.7M | $301.1M | |
| Operating income | $81.3M | $87.8M | $75.4M | $35.4M | $95.2M | $96.0M | |
| Net income | $49.4M | $57.6M | $62.5M | $18.7M | $62.9M | $67.1M | |
| Diluted EPS | $1.94 | $2.29 | $2.55 | $0.77 | $2.53 | $2.75 | |
| Gross margin | 24.1% | 24.4% | 24.4% | 22.1% | 25.1% | 31.1% | |
| Operating margin | 7.8% | 7.9% | 7.3% | 3.8% | 8.7% | 9.9% |
Fiscal years (4-quarter sums)FY21 $4.47B · FY22 $5.21B · FY23 $3.78B · FY24 $3.74B · FY25 $4.12B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $216.5M · Total debt $1.15B · Total assets $3.27B · Shareholders' equity $1.43B
Dividends
Raised for 9 straight years — most recently to $1.15 from $1.05 in Nov 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 21, 2026 | Aug 21 | Sep 4 | $1.15 | |
| May 29, 2026 | May 29 | Jun 12 | $1.15 | |
| Mar 13, 2026 | Mar 13 | Mar 27 | $1.15 | |
| Nov 28, 2025 | Nov 28 | Dec 12 | $1.15 | |
| Aug 29, 2025 | Aug 29 | Sep 12 | $1.15 | |
| May 30, 2025 | May 30 | Jun 13 | $1.15 | |
| Mar 7, 2025 | Mar 7 | Mar 21 | $1.15 | |
| Nov 29, 2024 | Nov 29 | Dec 13 | $1.15 | raised from $1.05 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 24.31M · Float 23.56M · 96.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.70M | 15.22% | 13F | Aug 7, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 1.74M | 7.16% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.50M | 6.17% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 1.49M | 6.13% | 13F | Aug 13, 2026 |
| FMR LLC | 1.19M | 4.91% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 24, 2026 | Jason Lippert | director, officer: President , CEO | −10,000 | $142.76 |
| Feb 23, 2026 | Jason Lippert | director, officer: President , CEO | −30,000 | $145.03 |
| Feb 20, 2026 | Jason Lippert | director, officer: President , CEO | −10,000 | $148.01 |
| Feb 23, 2026 | Jamie Schnur | officer: Group President - Aftermarket | −10,000 | $144.66 |
| Feb 20, 2026 | Jamie Schnur | officer: Group President - Aftermarket | −10,000 | $147.65 |
Peers
- Patrick Industries
Closest public peer across RV, marine, and housing components
- Brunswick
Marine parts, accessories, and electronics overlap
- Commercial Vehicle Group
Commercial-vehicle seating and electrical-systems peer
- Camping World
RV aftermarket channel rival for parts, service, and installs
- Modine
Thermal-management overlap in transport HVAC
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| LCI Industries | $102.96 | −0.05% | $2.50B | 12.0 | 11.5 | 0.6 | −12.5% |
| Patrick Industries | $82.51 | −1.07% | $2.75B | 19.8 | 17.5 | 0.7 | −0.6% |
| Brunswick | $76.64 | −0.01% | $4.98B | — | 15.6 | 0.9 | +7.7% |
| Commercial Vehicle Group | $3.12 | −0.16% | $105.9M | — | 25.3 | 0.2 | +13.5% |
| Camping World | $6.50 | −0.46% | $414.8M | — | 9.6 | 0.1 | −2.1% |
| Modine | $179.77 | +1.19% | $9.43B | 66.8 | 21.5 | 2.8 | +28.0% |
| Median | 43.3 | 17.5 | 0.7 | +7.7% |