Filing Flows › LCI Industries (LCII) › Q1 2025
LCI Industries (LCII) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
LCI Industries (LCII) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +8% from a year earlier and +30% from the quarter before. Operating margin was 7.8%, net earnings $49.4M (4.7% of revenue).
LCI Industries, Q1 2025: revenue $1.0B (+8% year over year), operating margin 7.8%, net earnings $49.4M, operating cash flow $42.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +30% | +8% |
| Gross profit | $252M | +49% | +12% |
| Operating profit | $81.3M | +404% | +41% |
| Net earnings | $49.4M | +418% | +35% |
| Operating cash flow | $42.7M | -60% | — |
| Free cash flow | $33.7M | -65% | — |
What changed
Revenue was $1.0B in Q1 2025, up 8% year over year and up 30% from the previous quarter. Travel trailers and fifth-wheels was the largest line at 45% of revenue. Travel trailers and fifth-wheels added $0.08B year over year (up 21%), 104% of the total change. Motorhomes declined 13%.
Gross margin was 24.1%, up 0.9 points from a year earlier. Operating profit was $0.08B, a 7.8% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 6% margin then. Operating expenses grew 2% against revenue growth of 8%. Net earnings were $0.05B, up 35% year over year. The effective tax rate was 26.5%.
Operating cash flow was $0.04B, 86% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.01B left free cash flow of $0.03B.
Questions
What was LCI Industries' revenue in the first quarter 2025?
LCI Industries (LCII) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +8% from a year earlier and +30% from the quarter before.
Was LCI Industries profitable in the first quarter 2025?
Operating profit was $81.3M (7.8% of revenue) and net earnings $49.4M.
Source: LCI Industries 10-Q on SEC EDGAR.