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LCI Industries Q3 sales fall 4%, miss estimates

By Reuters News


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:


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

  • Nov 3 - Aptiv Q3 revenue rises on regional sales growth

  • Nov 3 - Schaeffler to cut 3,460 jobs, shut five European plants as auto slump bites

  • 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.)

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