Lci Industries · NYSE:LCII
Lci Industries — Q2 2026 Earnings Presentation
25 slides from Lci Industries's earnings presentation, Aug 5, 2026
Slide 1: Q2 2026 Earnings Conference Call
Q2 2026 EARNINGS CONFERENCE CALL | August 5, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain “forward-looking statements” with respect to our financial condition, results of operations, profitability, margin growth, business strategies, operating efficiencies or synergies, competitive position, growth opportunities, acquisitions,
Slide 3: Important Disclosures
Important Disclosures Important Information About the Proposed Transaction and Where to Find It In connection with the proposed transaction between the Company and Patrick, the Company and Patrick intend to file relevant materials with the SEC, including, among other filings, a Patrick registration
Slide 4: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights Diversification and Strong Execution Drives Expanded Profitability Quarterly Financial Performance Capital Allocation • Net sales of $968.7 million, down 13% YoY • Strong liquidity position with $217 million of cash and cash equivalents and $595 million of availability
Slide 5: Results by Market
Results by Market OEM Segment • RV • Transportation • Marine • Housing Aftermarket Segment 5
Slide 6: RV OEM
RV OEM Performance and Trends • Q2 2026 RV OEM sales down 33% YoY, primarily due to a reduction for IEEPA tariff refunds expected to be passed through to customers(1), a decrease in North American travel trailer and fifth-wheel shipments, and an increase in RV sales mix toward lower content single a
Slide 7: Innovation Driving RV Organic Content Growth
Innovation Driving RV Organic Content Growth Key 2026/2027 Model Year Product Wins Atlas™ Leveling System New Window Designs Furrion® 18K Chill Cube Touring Coil and Integrated Shades Air Conditioner Suspension Sequential Towable Content Growth (LTM) YoY Towable Content Growth (LTM) * "Other" includ
Slide 8: Transportation OEM
Transportation OEM Performance and Trends • Q2 2026 Transportation OEM sales down 2% YoY • Decrease primarily due to a reduction for IEEPA tariff refunds expected to be passed through to customers(1), partially offset by sales from 2025 acquisitions in the resilient bus market where integration effo
Slide 9: Marine OEM
Marine OEM Performance and Trends • Q2 2026 Marine sales up 8% YoY • Sales growth driven by recent innovations and improving run rates • Building momentum with newer products Quarterly Net Sales $79M $73M Q2 2025 Q2 2026 9 LCI Industries | Q2 2026 Earnings Presentation 99
Slide 10: Housing OEM
Housing OEM Performance and Trends • Q2 2026 Housing OEM sales up 2% YoY • 2026 manufactured housing unit shipments were down about 7% through May • Expanding presence in residential window market through 2025 acquisition of Moss Supply Company and new distribution partnerships • June 2026 privately
Slide 11: Aftermarket
Aftermarket Performance and Trends • Q2 2026 sales up 10% from the prior year period primarily driven by sales price increases for targeted products and to cover higher material costs, sales from acquired businesses, and increases in volume in the automotive aftermarket • Driving portfolio expansion
Slide 12: Consolidated Results
Consolidated Results 12
Slide 13: Q2 2026 Financial Performance
Q2 2026 Financial Performance Consolidated Net Sales Operating Margin -13% +200 bps (in thousands) $1,107,250 $968,675 9.9% 7.9% Second Quarter Second Quarter Second Quarter Second Quarter 2025 2026 2025 2026 Consolidated Net Income Adjusted EBITDA* +16% +7% (in thousands) (in thousands) $67,141 $12
Slide 14: Capital Allocation Highlights
Capital Allocation Highlights Executing on our capital allocation strategy through complementary acquisitions, focus on innovation, and returning capital to shareholders Returning Capital to Shareholders Strategic Acquisitions • Paid quarterly dividend of $1.15 per share, • Acquisitions completed in
Slide 15: Liquidity and Cash Flow
Liquidity and Cash Flow As of and for the six months ended June 30 2026 2025 Cash and Cash Equivalents $217M $192M Remaining Availability under $595M $595M Revolving Credit Facility(1) Capital Expenditures $28M $22M Dividends $56M $58M Share Repurchases $— $66M Debt / Net Income (TTM) 4.0x 6.2x Net
Slide 16: 2026 Outlook
2026 Outlook 16
Slide 17: 2026 Outlook
2026 Outlook July 2026 Results • July 2026 net sales of approximately $315 million, down 4% YoY RV Industry • Our current full year 2026 North American forecast is 280K - 300K wholesale unit shipments, down from the previous range of 315K to 330K • Expect continued momentum and product placement wit
Slide 18: 2026 Outlook
2026 Outlook Full Year 2026 Financial Outlook Based on current market and economic conditions along with existing tariffs, the Company expects the following: 2025 Actual 2026 Estimate Revenue $4.1B $3.9 billion - $4.1 billion Adjusted Operating Profit Margin 6.8% 7.5% - 8.0%* Adjusted Diluted EPS $7
Slide 19: Appendix
APPENDIX
Slide 20: Appendix Reconciliation of Non-GAAP Measures
Appendix Reconciliation of Non-GAAP Measures ADJUSTED EBITDA Three months ended June 30, Six months ended June 30, Twelve months ended June 30, ($ in thousands) 2026 2025 2026 2025 2026 2025 Net income $ 67,141 $ 57,635 $ 130,088 $ 107,073 $ 211,265 $ 152,232 Interest expense, net 6,319 9,689 16,232
Slide 21: Appendix Reconciliation of Non-GAAP Measures (cont.)
Appendix Reconciliation of Non-GAAP Measures (cont.) ADJUSTED NET INCOME Three months ended June 30, Six months ended June 30, ($ in thousands, except per share amounts) 2026 2025 2026 2025 Net income $ 67,141 $ 57,635 $ 130,088 $ 107,073 Loss on extinguishment of debt — — — 8,053 Gain on sale of re
Slide 22: Appendix Reconciliation of Non-GAAP Measures (cont.)
Appendix Reconciliation of Non-GAAP Measures (cont.) Adjusted EBITDA, Adjusted Net Sales, Adjusted EBITDA as a Percentage of Adjusted Net Sales, and Free Cash Flow Adjusted EBITDA, adjusted net sales, Adjusted EBITDA as a percentage of adjusted net sales, and free cash flow are non-GAAP performance
Slide 23: Historical Unit Mix as Percentage of LCI RV OEM Chassis Shipments
Appendix Historical Unit Mix as Percentage of LCI RV OEM Chassis Shipments 100.0% 84.5% 84.2% 84.5% 84.1% 84.6% 81.4% 82.1% 81.1% 81.3% 79.5% 80.7% 79.5% 78.6% 80.0% 77.0% 75.7% 76.3% 76.3% 76.6% 60.0% 40.0% 23.0% 24.3% 23.7% 23.7% 23.4% 20.5% 19.3% 20.5% 21.4% 18.6% 17.9% 18.9% 18.7% 20.0% 15.5% 15
Slide 24: Supplemental Adjusted Net Income Reconciliation
Supplemental Adjusted Net Income Reconciliation Three months ended June 30, 2026 Three months ended June 30, 2025 Tariff Refund Merger Restructuring Gain on Sale of Executive (In thousands, except per share amounts) As Reported Impact Expenses Costs Real Estate Adjusted As Reported Separation Costs
Slide 25: Supplemental Adjusted Net Income Reconciliation
Supplemental Adjusted Net Income Reconciliation Six months ended June 30, 2026 Six months ended June 30, 2025 Loss on Tariff Refund Merger Restructuring Gain on Sale of Extinguishment Executive (In thousands, except per share amounts) As Reported Impact Expenses Costs Real Estate Adjusted As Reporte