Lci Industries · NYSE:LCII
Lci Industries — Q1 2026 Earnings Presentation
21 slides from Lci Industries's earnings presentation, May 5, 2026
Slide 1: Q1 2026 Earnings Conference Call
Q1 2026 EARNINGS CONFERENCE CALL | May 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: First Quarter 2026 Highlights
First Quarter 2026 Highlights Strong Execution Drives Revenue Growth, Margin Expansion and Earnings Performance Quarterly Financial Performance Capital Allocation • Net sales of $1.1 billion, up 4% YoY • Strong liquidity position with $142 million of cash and cash equivalents and $595 million of ava
Slide 4: Results by Market
Results by Market OEM Segment • RV • Transportation • Marine • Housing Aftermarket Segment 4
Slide 5: RV OEM
RV OEM Performance and Trends • Q1 2026 RV OEM sales down 4% YoY, primarily due to a decrease in North American travel trailer and fifth-wheel shipments, partially offset by sales price increases to cover higher material costs, increased mix in higher-content fifth wheels, and recent innovations • 7
Slide 6: Innovation Driving RV Organic Content Growth
Innovation Driving RV Organic Content Growth Key 2026/2027 Model Year Product Wins Bi-Fold SunDeck 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" includes impa
Slide 7: Transportation OEM
Transportation OEM Performance and Trends • Q1 2026 Transportation OEM sales up 24% YoY • Increase primarily due to sales from 2025 acquisitions in the resilient bus market where integration efforts and synergies are driving results • Trans Air (acquired in March 2025) - bus climate control systems
Slide 8: Marine OEM
Marine OEM Performance and Trends • Q1 2026 Marine sales up 11% YoY • Sales growth driven by recent innovations and improving run rates • Building momentum with newer products Quarterly Net Sales $80M $72M Q1 2025 Q1 2026 8 LCI Industries | Q1 2026 Earnings Presentation 88
Slide 9: Housing OEM
Housing OEM Performance and Trends • Q1 2026 Housing OEM sales down 1% YoY • 2026 manufactured housing unit shipments were down about 11% through February • Expanding presence in residential window market through 2025 acquisition of Moss Supply Company • March 2026 privately-owned housing starts up
Slide 10: Aftermarket
Aftermarket Performance and Trends • Q1 2026 sales up 7% from the prior year period primarily driven by sales price increases to cover higher material costs and sales from acquired businesses • Driving portfolio expansion in diversified markets with towing and truck accessories, boating accessories,
Slide 11: Consolidated Results
Consolidated Results 11
Slide 12: Q1 2026 Financial Performance
Q1 2026 Financial Performance Consolidated Net Sales Operating Margin +4% +90 bps (in thousands) $1,045,590 $1,090,517 8.7% 7.8% First Quarter First Quarter First Quarter First Quarter 2025 2026 2025 2026 Consolidated Net Income Adjusted EBITDA* +27% +13% (in thousands) (in thousands) $62,947 $110,8
Slide 13: 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 14: Liquidity and Cash Flow
Liquidity and Cash Flow As of and for the three months ended March 31 2026 2025 Cash and Cash Equivalents $142M $231M Remaining Availability under $595M $595M Revolving Credit Facility(1) Capital Expenditures $10M $9M Dividends $28M $29M Share Repurchases $—M $28M Debt / Net Income (TTM) 4.7x 6.0x N
Slide 15: 2026 Outlook
2026 Outlook 15
Slide 16: 2026 Outlook
2026 Outlook April 2026 Results • April 2026 net sales of approximately $374 million, down 4% YoY RV Industry • Our current full year 2026 North American forecast is 315K - 330K wholesale unit shipments, lowering from the previous range of 335K to 350K • Expect continued momentum and product placeme
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 $4.2 billion - $4.3 billion Operating Profit Margin 6.8% 7.5% - 8.0% Adjusted Diluted EPS $7.46 $8.75
Slide 18: Appendix
APPENDIX
Slide 19: Appendix Reconciliation of Non-GAAP Measures
Appendix Reconciliation of Non-GAAP Measures ADJUSTED EBITDA Three months ended March 31, ADJUSTED EBITDA (TTM) Twelve months ended March 31, ($ in thousands) 2026 2025 ($ in thousands) 2026 2025 Net income $ 62,947 $ 49,438 Net income $ 201,759 $ 155,760 Interest expense, net 9,913 5,991 Interest e
Slide 20: Appendix Reconciliation of Non-GAAP Measures (cont.)
Appendix Reconciliation of Non-GAAP Measures (cont.) ADJUSTED NET INCOME Three months ended March 31, ($ in thousands, except per share amounts) 2026 2025 Net income $ 62,947 $ 49,438 Loss on extinguishment of debt — 8,053 Tax effect of adjustment — (1,930) Adjusted net income $ 62,947 $ 55,561 Weig
Slide 21: 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% 60.0% 40.0% 23.0% 24.3% 23.7% 23.7% 20.5% 19.3% 20.5% 21.4% 18.6% 17.9% 18.9% 18.7% 20.0% 15.5% 15.8% 15.5% 15