Filing Flows › LCI Industries (LCII) › Q2 2025
LCI Industries (LCII) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
LCI Industries (LCII) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +6% from the quarter before. Operating margin was 7.9%, net earnings $57.6M (5.2% of revenue).
LCI Industries, Q2 2025: revenue $1.1B (+5% year over year), operating margin 7.9%, net earnings $57.6M, operating cash flow $112M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +6% | +5% |
| Gross profit | $270M | +7% | +1% |
| Operating profit | $87.8M | +8% | -3% |
| Net earnings | $57.6M | +17% | -6% |
| Operating cash flow | $112M | +163% | -42% |
| Free cash flow | $99.5M | +195% | -45% |
What changed
Revenue was $1.1B in Q2 2025, up 5% year over year and up 6% from the previous quarter. Travel trailers and fifth-wheels was the largest line at 40% of revenue. Adjacent industries OEMs added $0.03B year over year (up 10%), 57% of the total change. Motorhomes declined 4%.
Gross margin was 24.4%, down 0.9 points from a year earlier. Operating profit was $0.09B, a 7.9% margin (down 0.7 points year over year). Operating profit fell $2.8M even though revenue rose $0.05B versus a year earlier, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 5%. Net earnings were $0.06B, down 6% year over year. The effective tax rate was 26.2%.
Operating cash flow was $0.11B (down 42% year over year), 195% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.01B left free cash flow of $0.10B.
Questions
What was LCI Industries' revenue in the second quarter 2025?
LCI Industries (LCII) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +6% from the quarter before.
Was LCI Industries profitable in the second quarter 2025?
Operating profit was $87.8M (7.9% of revenue) and net earnings $57.6M.
Source: LCI Industries 10-Q on SEC EDGAR.