LCI Industries reported first-quarter 2026 results with revenue of $1.01 billion, up 8% from $937.8 million a year earlier. The company said the increase was driven by stronger sales across its core markets, with growth in both its original equipment and aftermarket businesses.
Gross profit rose to $223.4 million from $199.8 million in the prior-year quarter, lifting gross margin to 22.1% from 21.3%. Operating profit increased to $72.6 million from $60.5 million, while operating margin improved to 7.2% from 6.5%.
Net income came in at $51.1 million, compared with $41.2 million in the same quarter last year. Diluted earnings per share increased to $2.00 from $1.62.
Adjusted EBITDA climbed to $105.9 million from $93.0 million, and adjusted EBITDA margin edged up to 10.5% from 9.9%.
On the balance sheet, cash and cash equivalents were $113.6 million at quarter-end, compared with $104.2 million at the end of the prior quarter. Total debt was $1.18 billion, down slightly from $1.20 billion at year-end.
The company also reported that capital expenditures were $18.7 million in the quarter, versus $16.4 million a year earlier. Free cash flow was $39.6 million, compared with $32.1 million in the first quarter of 2025.
Management said demand remained steady across its business, with the quarter reflecting higher shipments and improved profitability versus the same period last year. Following these announcements, the company's shares moved 4.36%, and are now trading at a price of $116.91. For the full picture, make sure to review LCI INDUSTRIES's 8-K report.
