Lumida
/LCII
⌘K
LCI Industries

LCI Industries

LCII
$108.17USD↓-0.29%-0.31 today

MARKET CAP

2.6B

P/E (TTM)

13.0x

FWD P/E

11.2x

DAY RANGE

$107 – $111

52W RANGE

$84
$160

AI Summary

Stalk
TrimMedium

LCII is in a Stage 3 distribution phase, marked by failed rallies at key moving averages and emerging lower highs on moderate volume. Medium-term directional asymmetry favors the downside, reinforced by flattening EMAs and persistent churn below the 50 SMA. In the short term, price is oscillating between the 9 and 21 EMAs without clear rejection or exhaustion, suggesting caution. Therefore, it is prudent to defer selling into structurally significant resistance zones rather than sell immediately.

  • ↑Q1 revenue $1.1B (+4% YoY) with net income $63M (+27% YoY).
  • ↑Operating margin improved to 8.7% (+0.9pp YoY), boosting profitability.
  • ↓RV wholesale forecast cut by 20K units signals slowing demand.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

LCI Industries (NYSE: LCII) is a leading provider of engineered components primarily for the recreational vehicle (RV), marine, and adjacent industries. By specializing in Original Equipment Manufacturer (OEM) and aftermarket products, LCI demonstrates resilience in a cyclical market, capitalizing on growth opportunities through strategic diversification and innovation. The company currently operates in a market characterized by increased consumer interest in outdoor lifestyles and RVing.

Bull says

  • ↑Q1 revenue $1.1B (+4% YoY) with net income $63M (+27% YoY).
  • ↑Operating margin improved to 8.7% (+0.9pp YoY), boosting profitability.
  • ↑Friedman Seating and TransAir acquisitions add ~$200M in annual revenue.
  • ↑Free cash flow exceeded $250M over past 12 months.
  • ↑4.1% dividend yield (56% payout) underlines strong shareholder returns.
  • ↑Quality balance sheet and strong liquidity support growth initiatives.

Bear says

  • ↓RV wholesale forecast cut by 20K units signals slowing demand.
  • ↓Tariff-driven material costs squeezing margins and profitability.
  • ↓Weak profitability factors suggest challenges converting sales into earnings.
  • ↓Negative stock momentum implies limited near-term upside.
  • ↓Inflation and higher rates risk dampening RV consumer purchases.
  • ↓Integration risks on recent acquisitions may erode expected synergies.

Investment themes with LCII

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026bullish

Transcript signals

Bull points

  • In the first quarter, LCI delivered revenue growth, margin expansion, and significantly higher earnings per share despite weaker industry fundamentals and a full year RV unit outlook that has deteriorated in recent months.
  • consolidated net sales grew 4% year over year to $1.1 billion, driven by a 17% increase in adjacent industries OEM.
  • Content per towable RV unit remains the tailwind for us, increasing to $5,826 which was up 13% year-over-year and 3% sequentially, driven by approximately 3% organic growth from innovation and recent product launches.

Bear points

  • RV wholesale shipments are now expected to be $315,000 to $330,000, as Jason mentioned. Despite the subdued industry backdrop driven by our self-help initiatives and growth platforms,
  • RV OEM revenue declined 4% due to lower North American travel trailer and fifth wheel shipments, which is a strong outcome considering RV wholesale shipments are down more than 12% through the first quarter.
  • RV wholesale shipments to be in the range of 315 to 330,000 units, which reflects a reduction of 20,000 units at both the high and the low ends of prior expectations.
Read full transcript analysis ›