AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 net sales fell 12.5% to $968.7M on RV market softness, but operating profit rose to $96.0M (+9.3% YoY) driven by $104.8M IEEPA tariff refund benefit and cost improvements.
Biggest Revenue Drivers
Aftermarket Segment$293.9M+9.8% YoY
Price increases for targeted products, acquired business sales, and automotive aftermarket growth, partially offset by tariff pass-through reductions.
Biggest Revenue Drivers
Total revenue: $968.7M-12.5% YoY
Aftermarket Segment$293.9M+9.8% YoY
Price increases for targeted products, acquired business sales, and automotive aftermarket growth, partially offset by tariff pass-through reductions.
Largest Expense Items
Cost of sales$667.5M-20.3% YoY
Included $104.8M reduction from IEEPA tariff refund recovery; higher material and freight costs from tariffs, steel/aluminum, fuel partially offset by cost improvement actions.
Selling, general and administrative expenses$143.8M+12.3% YoY
Merger-related expenses of $14.1M; investments in capacity and distribution for Aftermarket Segment.
Margins: Operating profit margin expanded to 9.9% from 7.9% YoY, primarily due to the net $16.0M benefit from IEEPA tariff refunds ($104.8M cost reduction less $88.8M customer pass-through), supplemented by pricing actions and cost improvements, partially offset by merger costs and higher commodity prices.
Watch Items from the Filing
RV wholesale shipments for travel trailers/fifth-wheels declined 20% YoY in Q2 2026 (65,500 units vs. 81,400); full-year guidance notes tariff uncertainties and ongoing margin pressures from material costs and fixed overhead spread.
Company expects to receive $119.3M in IEEPA tariff refunds but must pass through ~$88.8M to customers; remaining $24.4M receivable as of June 30 subject to U.S. government appeal—ultimate recovery timing and amount uncertain.
Merger with Patrick Industries announced June 30, 2026 (pending 1H 2027 close); company incurred $14.1M Q2 merger costs; $94.2M termination fee payable if either party terminates under specified circumstances.
Leadership transition: Jason Lippert retired as CEO June 3, 2026; interim CEO John Sirpilla appointed; new tariff regimes (10% forced labor, Section 232 modifications) create ongoing cost uncertainty.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About LCI INDUSTRIES (LCII): stock profile, AI score and financials
LCI INDUSTRIES (LCII) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores LCII at 55.2/100 on a composite quality score built from its SEC filings, placing it at rank #1,264 of 2,925 stocks — the top half of the AI-ranked universe. LCII scores in the top quartile across balance sheet strength (75.6). Areas of concern include institutional flow (11.2) and revenue growth (33.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), LCI INDUSTRIES reports quarterly revenue of $968.7M, net income of $67.1M, an operating margin of 9.9%. Top institutional holders of LCII by reported 13-F value include BlackRock, KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. LCII trades on the NYSE exchange and files with the SEC under CIK 763744. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LCII daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LCI INDUSTRIES directly from SEC EDGAR.