Lippert parent LCI Industries reported first quarter fiscal results today. Net sales increased 4% to $1.1 billion. Operating profit margin expanded to 8.7% from 7.8%, and net income increased 27% to $63 million. Diluted earnings per share increased 30% to $2.53 from $1.94.
“I am so pleased with our team’s performance across the business, helping get us off to a very strong start despite very challenging retail and wholesale environments in the leisure markets we serve,” president and CEO Jason Lippert said in a statement. “Our focus for the last year, in addition to innovation and growth, has been on plant optimizations, G&A restructuring and other self-help initiatives driving us toward stronger financial health no matter how tough the environment. As a result, we were able to generate meaningful earnings growth.”
A $44.9 million increase in consolidated net sales was primarily driven by a $29.3 million increase in the OEM segment, reflecting sales price increases to cover higher material costs, sales from acquired businesses during the year ($46.8 million in the first quarter), and an increase in North American RV sales driven by recent innovations and a higher mix of premium fifth-wheel units.
Aftermarket net sales increased 7% to $237.7 million for the first quarter, compared to the same period in 2025. The increase was primarily driven by sales price increases to cover higher material costs and sales from acquired businesses, partially offset by volume decreases in the automotive and marine aftermarkets.
LCI expects April net sales of approximately $374 million, down 4% year-over-year, full-year revenue of $4.2 billion to $4.3 billion, and an operating margin of 7.5% to 8%.
