Filing Flows › LCI Industries (LCII) › Q1 2026
LCI Industries (LCII) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
LCI Industries (LCII) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +4% from a year earlier and +17% from the quarter before. Operating margin was 8.7%, net earnings $62.9M (5.8% of revenue).
LCI Industries, Q1 2026: revenue $1.1B (+4% year over year), operating margin 8.7%, net earnings $62.9M, operating cash flow −$33.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +17% | +4% |
| Gross profit | $274M | +33% | +9% |
| Operating profit | $95.2M | +169% | +17% |
| Net earnings | $62.9M | +237% | +27% |
| Operating cash flow | −$33.5M | -142% | -178% |
What changed
Revenue was $1.1B in Q1 2026, up 4% year over year and up 17% from the previous quarter. Travel trailers and fifth-wheels was the largest line at 41% of revenue. Adjacent industries OEMs added $0.05B year over year (up 17%), 112% of the total change. Travel trailers and fifth-wheels declined 6%.
Gross margin was 25.1%, up 1.0 points from Q1 2025. Operating profit was $0.10B, a 8.7% margin (up 0.9 points year over year). Of the extra revenue versus Q1 2025, 31% reached operating profit, above the 8% margin then. Operating expenses grew 5% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.06B, up 27% year over year. The effective tax rate was 26.2%.
Operating cash flow was −$0.03B. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was LCI Industries' revenue in the first quarter 2026?
LCI Industries (LCII) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +4% from a year earlier and +17% from the quarter before.
Was LCI Industries profitable in the first quarter 2026?
Operating profit was $95.2M (8.7% of revenue) and net earnings $62.9M.
Source: LCI Industries 10-Q on SEC EDGAR.