Adjusted EPS climbed to $2.70 despite a 4% sales decline to $1.1 billion, driven by efficiency gains and aftermarket growth.
LCI Industries reported a 13% increase in second-quarter adjusted earnings per share to $2.70, even as adjusted sales fell 4% year-over-year to $1.1 billion. OEM sales dropped 10%, but cost reductions and operational efficiencies lifted adjusted operating margin to 9.3%, up from the prior year.
Aftermarket sales rose 11%, and content per towable RV unit increased 11% to $5,831. The company lowered its full-year RV shipment guidance to 280,000–300,000 units and adjusted revenue outlook to $3.9 billion–$4.1 billion, while maintaining its margin target.
LCI ended the quarter with $812 million in liquidity and continues normal operations amid regulatory review of its proposed merger with Patrick Industries.