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ELKHART, Ind. - On Thursday, LCI Industries (NYSE:LCII) reported third-quarter earnings that significantly exceeded analyst expectations, driven by strong revenue growth and margin expansion.
The recreation and transportation components supplier’s shares jumped 2.02% in pre-market trading after the results.
The company posted adjusted earnings of $1.97 per share for the third quarter, handily beating the analyst consensus of $1.44. Revenue climbed 13.2% to $1.04 billion, surpassing the $963.75 million analysts had expected.
The revenue increase was primarily fueled by organic growth in the RV OEM and Aftermarket segments, with sales from acquisitions contributing $41.9 million during the quarter. Operating profit margin expanded to 7.3%, up 140 basis points from 5.9% in the same period last year.
"Our diversification strategy has continued to fundamentally contribute to our strong performance, as our team’s outstanding efforts resulted in 13% revenue growth, which drove strong margin expansion and a meaningful increase in adjusted earnings per share of 42%," said Jason Lippert, President and CEO.
The company’s OEM segment saw a 15% increase in net sales to $790 million, with RV OEM sales rising 11% to $470.1 million. Adjacent Industries OEM sales grew 22% YoY to $319.9 million. The Aftermarket segment posted a 7% growth to $246.5 million.
Looking ahead, LCI Industries expects October 2025 net sales of approximately $380 million, representing a 15% increase from the prior year. The company also anticipates delivering an 85 basis point operating profit margin improvement for full-year 2025 compared to 2024.
The strong quarterly performance and positive outlook reflect the company’s successful implementation of its diversification strategy and operational optimization efforts amid an industry recovery.
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