Mergers & Acquisitions ·
LCI Industries reported second quarter 2026 results with net sales of $968.7 million, a 13% decrease from the prior…
LCIILci Industries
LCI Industries reported second quarter 2026 results with net sales of $968.7 million, a 13% decrease from the prior year period. Adjusted net sales declined 4% to $1,057.5 million after excluding an $88.8 million reduction for IEEPA tariff refunds expected to be passed through to customers. Net income increased 16% to $67.1 million, or $2.75 per diluted share, compared to $57.6 million in the same period of 2025. Adjusted net income rose to $65.9 million, yielding adjusted diluted EPS of $2.70. Operating profit margin expanded 200 basis points year-over-year to 9.9%, driven by cost improvement actions and tariff refund benefits, partially offset by merger-related expenses. The company also announced a definitive agreement to combine with Patrick Industries in an all-stock merger expected to close in the first half of 2027. LCI Industries operates as a leading supplier of engineered components to the outdoor recreation and transportation markets.