LCI Industries, the parent of components supplier Lippert, reported second-quarter net sales of $969 million, down 13% from the prior-year period, driven largely by lower North American RV wholesale shipments and a reduction tied to IEEPA tariff refunds expected to be passed through to customers.
Within the overall decline, the company’s Adjacent Industries OEM net sales, which include marine, increased 1% to $338.7 million, a gain LCI attributed primarily to sales from acquired businesses and higher sales to North American marine OEMs, partially offset by the tariff-refund reduction.
“We delivered solid second quarter results with expanded profitability despite continued soft outdoor recreation industry demand,” interim CEO Johnny Sirpilla said in a press release. “Our disciplined cost management execution and increased product content per unit has fundamentally strengthened our earnings power and positions us to generate higher returns throughout the cycle.”
Companywide net income rose to $67 million, or $2.75 per diluted share, and adjusted EBITDA increased 7% to $129 million.
LCI also lowered its full-year 2026 revenue guidance to reflect softened market conditions and reduced its North American RV wholesale shipment outlook to 280,000 to 300,000 units, from a prior range of 315,000 to 330,000, as it moves ahead with its previously announced all-stock merger with Patrick Industries.
