LCI Industries reported a consolidated net sales of $4.1 billion for the fiscal year ending December 31, 2025, marking a 10% increase from $3.7 billion in 2024. The growth was primarily attributed to higher sales from acquired businesses, price increases due to tariffs, and a 3% rise in North American RV wholesale shipments. The company's net income also rose to $188.3 million, or $7.57 per diluted share, compared to $142.9 million, or $5.60 per diluted share, in the previous year. Operating profit for 2025 was $279.9 million, up from $218.2 million in 2024, with an operating profit margin of 6.8%.
The OEM Segment, which accounted for 77% of total net sales, saw a 12% increase in sales to $3.19 billion, driven by strong demand in the RV market, particularly for travel trailers and fifth-wheel units. Sales to RV OEMs reached $1.9 billion, representing 61% of the OEM Segment's net sales. The Aftermarket Segment contributed $932.4 million, or 23% of total sales, reflecting a 6% increase from the previous year, bolstered by product innovations and an expanding relationship with Camping World.
In 2025, LCI Industries completed four acquisitions totaling $112.7 million, which contributed approximately $124.5 million in net sales. The company continues to diversify its portfolio beyond the RV market, expanding into adjacent industries such as transportation and marine. As of December 31, 2025, LCI operated over 100 manufacturing facilities across North America and Europe, employing approximately 12,300 full-time team members.
The company reported a slight decrease in employee retention, with a retention rate of 68% in 2025, down from 71% in 2024. However, the overall company culture index reached a record high of 85.2%. LCI's strategic focus remains on profitable growth through innovation, high product quality, and enhanced customer experience, with plans to continue investing in automation and operational efficiency.
Looking ahead, LCI Industries anticipates continued growth driven by strong demand in the RV market and ongoing expansion into adjacent industries. However, the company remains cautious about potential challenges, including fluctuating material costs, economic conditions, and the impact of tariffs on its supply chain. The effective tax rate for 2025 was 26.2%, and the company expects to maintain compliance with its financial covenants while managing its capital structure to support future investments and shareholder returns.
About LCI INDUSTRIES
LCI Industries is a global supplier of engineered components for the outdoor recreation, transportation, and building products industries. Its core offerings include chassis, suspension, windows, doors, interior products, and towing accessories, serving OEMs and aftermarket channels in North America and Europe. The company emphasizes innovation, quality, and operational efficiency to maintain market leadership and support diverse customer needs.
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