LCI Industries (NYSE:LCII)reported fourth-quarter earnings that nearly doubled from a year ago, fueled by a sharp recovery in the recreational vehicle sector and an increase in the high-value components it supplies to manufacturers.
The company, which operates primarily through its Lippert subsidiary, posted fourth-quarter net income of $19 million, or 77 cents per share.
On an adjusted basis, earnings reached 89 cents per share, a 138 percent increase that handily beat the 69-cent average estimate from analysts surveyed by Zacks Investment Research.
Net sales for the quarter climbed 16 percent to $933 million, surpassing the $913 million expected by Wall Street.
The growth was largely driven by organic gains in the RV original equipment manufacturer (OEM) segment.
Notably, the company’s "content per unit"—a key metric measuring the dollar value of LCI components in each vehicle—rose 11 percent to a record $5,670 for towable RVs.
The manufacturer also saw significant margin recovery.
Operating profit margins expanded by 180 basis points to 3.8 percent in the quarter, as the company benefited from previous facility consolidations and a more favorable product mix.
For the full year 2025, LCI reported total revenue of $4.1 billion and net income of $188 million, up 32 percent year-over-year.
Looking ahead, LCI issued a confident outlook for 2026, projecting full-year revenue between $4.2 billion and $4.3 billion.
The company expects adjusted diluted earnings to rise to a range of $8.25 to $9.25 per share, supported by a robust liquidity position of $818 million.