LCI Industries · NYSE:LCII
LCI Industries — Q3 2026 Earnings Presentation
24 slides from LCI Industries's earnings presentation, Nov 5, 2026
Slide 1: Q3 2026 Earnings Conference Call
Q3 2026 EARNINGS CONFERENCE CALL | November 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, Patrick has filed relevant materials with the Securities and Exchange Commission (the "SEC"), including, among other filings, a
Slide 4: Third Quarter 2026 Highlights
Third Quarter 2026 Highlights Diversification and Strong Execution Drives Operating Margin Expansion Quarterly Financial Performance Capital Allocation • Strong liquidity position with $246 million of cash and • Net sales of $992.5 million, down 4% YoY cash equivalents and $595 million of availabili
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 • Q3 2026 RV OEM sales down 17% YoY, primarily due to a decrease in North American travel trailer and fifth-wheel shipments and change in RV sales mix toward more lower content single axle trailers, partially offset by increases in selling prices contractually tied to i
Slide 7: Transportation OEM
Transportation OEM Performance and Trends • Q3 2026 Transportation OEM sales up 8% YoY • Increase driven by sales in the resilient bus market where integration efforts and synergies from 2025 acquisitions are driving results • Trans Air (acquired in March 2025) - bus climate control systems • Freedm
Slide 8: Marine OEM
Marine OEM Performance and Trends • Q3 2026 Marine sales up 4% YoY • Sales growth driven by recent innovations and improving run rates • Building momentum with newer products Quarterly Net Sales LCI Industries | Q3 2026 Earnings Presentation 8 88
Slide 9: Housing OEM
Housing OEM Performance and Trends • Q3 2026 Housing OEM sales up 7% YoY • 2026 manufactured housing unit shipments were down about 3% through August • Expanding presence in residential window market through 2025 acquisition of Moss Supply Company and new distribution partnerships Quarterly Net Sale
Slide 10: Aftermarket
Aftermarket Performance and Trends • Q3 2026 sales up 6% YoY primarily driven by increases in volume in the automotive aftermarket • Driving portfolio expansion in diversified markets with towing and truck accessories, boating accessories, appliances, and electronics • Meeting repair and replacement
Slide 11: Consolidated Results
Consolidated Results 11
Slide 12: Q3 2026 Financial Performance
Q3 2026 Financial Performance -4% +30 bps -20% +5% * Additional information regarding Adjusted EBITDA, as well as reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure, is provided in the Appendix. LCI Industries | Q3 2026 Earnings Presentation 12 1
Slide 13: Capital Allocation Highlights
Capital Allocation Highlights Executing on our capital allocation strategy through complementary acquisitions, focus on quality, and returning capital to shareholders Returning Capital to Shareholders Strategic Acquisitions • Paid quarterly dividend of $1.15 per share, • Acquisitions completed in 20
Slide 14: Liquidity and Cash Flow
Liquidity and Cash Flow As of and for the nine months ended September 30 2026 2025 Cash and Cash Equivalents $246M $200M Remaining Availability under $595M $595M Revolving Credit Facility(1) Capital Expenditures $42M $38M Dividends $84M $86M Share Repurchases $— $129M Debt / Net Income (TTM) 4.3x 5.
Slide 15: 2026 Outlook
2026 Outlook 15
Slide 16: 2026 Outlook
2026 Outlook October 2026 Results • October 2026 net sales of approximately $341 million, down 10% YoY RV Industry • Our current full year 2026 North American forecast is 285K - 295K wholesale unit shipments Other Markets • Transportation - expect market to be down low single digits • Marine - expec
Slide 17: 2026 Outlook: Full Year Financial 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 - $4.0 billion Adjusted Operating Profit Margin 6.8% 7.5% - 8.0%* Adjusted Diluted EPS $7
Slide 18: Appendix
APPENDIX
Slide 19: Reconciliation of Non-GAAP Measures
Appendix Reconciliation of Non-GAAP Measures ADJUSTED EBITDA Three months ended September 30, Nine months ended September 30, Twelve months ended September 30, ($ in thousands) 2026 2025 2026 2025 2026 2025 Net income $ 50,087 $ 62,493 $ 180,175 $ 169,566 $ 198,859 $ 179,113 Interest expense, net 8,
Slide 20: Reconciliation of Non-GAAP Measures (cont.)
Appendix Reconciliation of Non-GAAP Measures (cont.) ADJUSTED NET INCOME Three months ended September 30, Nine months ended September 30, ($ in thousands, except per share amounts) 2026 2025 2026 2025 Net income $ 50,087 $ 62,493 $ 180,175 $ 169,566 Loss on extinguishment of debt — 806 — 8,859 (19,7
Slide 21: Reconciliation of Non-GAAP Measures (cont.)
Appendix Reconciliation of Non-GAAP Measures (cont.) ADJUSTED OPERATING PROFIT MARGIN Three months ended September 30, Nine months ended September 30, 2026 2025 2026 2025 Operating profit margin 7.6 % 7.3 % 8.7 % 7.7 % Restructuring costs 0.2 % — % 0.2 % — % Merger expenses 0.5 % — % 0.6 % — % Net i
Slide 22: 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: Supplemental Adjusted Net Income Reconciliation, Q3
Supplemental Adjusted Net Income Reconciliation Three months ended September 30, 2026 Three months ended September 30, 2025 Loss on Tariff Refund Merger Restructuring Gain on Sale of Extinguishment Gain on Sale of (In thousands, except per share amounts) As Reported Impact Expenses Costs Real Estate
Slide 24: Supplemental Adjusted Net Income Reconciliation, Nine Months
Supplemental Adjusted Net Income Reconciliation Nine months ended September 30, 2026 Nine months ended September 30, 2025 Loss on Tariff Refund Merger Restructuring Gain on Sale of Extinguishment Executive Gain on Sale of (In thousands, except per share amounts) As Reported Impact Expenses Costs Rea