LCI Industries Reports 5% Net Sales Increase to $1.107 Billion in Q2 2025

LCI Industries reported its financial results for the second quarter of 2025, revealing a net sales increase of 5% to $1.107 billion, compared to $1.055 billion in the same period of 2024. The company's net income for the quarter was $57.6 million, or $2.29 per diluted share, down from $61.2 million, or $2.40 per diluted share, in the prior year. The decrease in net income was attributed to executive separation costs and a shift in sales mix towards lower-margin products, which impacted the operating profit margin, which fell to 7.9% from 8.6% year-over-year.

In the first half of 2025, LCI Industries achieved net sales of $2.153 billion, a 6.4% increase from $2.023 billion in the same period of 2024. The company’s operating profit for the first six months rose to $169.1 million, compared to $148.2 million in the previous year. The growth in sales was primarily driven by acquisitions, including Freedman Seating Company and Trans/Air Manufacturing Corporation, which contributed approximately $35 million in revenue during the second quarter. The OEM segment accounted for 77% of total sales, with significant contributions from the RV market, while the Aftermarket segment represented 23%.

Operationally, LCI Industries expanded its manufacturing and distribution capabilities, operating over 110 facilities across North America and Europe. The company reported a significant increase in accounts receivable, which rose to $386.1 million from $199.6 million year-over-year, reflecting higher sales volumes. The inventory levels decreased slightly to $710.3 million, down from $736.6 million, indicating effective inventory management amidst rising demand. The company also reported a total employee headcount of 25,157, a slight decrease from 25,473 in the previous year.

Looking ahead, LCI Industries remains focused on strategic growth through diversification beyond the RV market, targeting adjacent industries such as marine and building products. The company is optimistic about its ability to navigate economic challenges, including inflation and interest rate fluctuations, by leveraging its supply chain strategies and maintaining strong customer relationships. The management anticipates continued revenue growth driven by market share gains and product innovations, while also managing costs effectively to sustain profitability.