Nov 5, 5:04 PM ET
LCI Industries reported third-quarter 2026 results on a call furnished in an 8-K. Net sales were just under $1 billion, down 4% from a year earlier, while adjusted diluted EPS rose to $2.21 from $1.97 and GAAP diluted EPS was $2.05. The company narrowed its full-year adjusted EPS outlook to $8.25 to $8.50 and said the proposed merger with Patrick Industries remains pending.
- Q3 2026 net sales were just under $1 billion, down 4% year over year, mainly due to lower North American RV wholesale shipments.
- Adjusted diluted EPS was $2.21 versus $1.97 a year earlier; GAAP net income was $50 million, or $2.05 per diluted share.
- Full-year 2026 adjusted EPS range was tightened to $8.25 to $8.50; adjusted revenue is expected at $3.9 billion to $4 billion.
- The company said it declined a Monomoy Capital proposal because its board judged it not superior to the proposed merger with Patrick Industries.
Read the filing on SEC.gov ↗
Nov 5, 7:12 AM ET
LCI Industries reported third quarter 2026 results, with net sales of $992.5 million versus $1,036.5 million a year earlier, driven by lower North American RV wholesale shipments. GAAP diluted EPS fell to $2.05 from $2.55, while adjusted diluted EPS rose 12% to $2.21, and the company said its full-year outlook was updated, with 2026 adjusted EPS now expected at $8.25 to $8.50. The results come while the proposed all-stock merger with Patrick Industries is pending, with a stockholder vote set for November 18, 2026.
- Q3 2026 net sales were $992.5 million versus $1,036.5 million in Q3 2025; Adjacent Industries OEM sales rose 7% and Aftermarket sales rose 6%
- GAAP net income was $50.1 million ($2.05 per diluted share) versus $62.5 million ($2.55) a year earlier; adjusted net income was $54.0 million ($2.21 per diluted share) versus $1.97
- 2026 outlook: revenue of $3.9 billion to $4.0 billion, adjusted operating profit margin of 7.5% to 8.0%, adjusted diluted EPS of $8.25 to $8.50; October 2026 net sales expected at approximately $341 million, down 10%
- Patrick Industries merger: stockholder special meeting on November 18, 2026; the company continues to expect closing in the first half of 2027
Read the filing on SEC.gov ↗
Oct 30, 7:31 AM ET
LCI Industries' board unanimously determined that Monomoy Capital Partners' unsolicited, non-binding $101-per-share cash proposal is not a superior proposal and is not reasonably likely to lead to one. The board reiterated its support for the pending merger with Patrick Industries, which it expects to complete in the first half of 2027. Shareholders are asked to vote in favor of the Patrick merger at a special meeting scheduled for November 18, 2026.
- Monomoy Capital Partners proposed $101 per share in cash for all LCI shares, announced October 28, 2026
- LCI board says its standalone discounted cash flow value is in excess of $150 per share
- Merger with Patrick expected to yield approximately $150 million in net run-rate cost synergies within three years of closing
- Special shareholder meeting on the Patrick merger scheduled for November 18, 2026
Read the filing on SEC.gov ↗
Oct 28, 6:04 AM ET
LCI Industries confirmed it received an unsolicited, non-binding proposal from Monomoy Capital Partners to acquire the company for $101 per share in cash. The company said its existing all-stock merger agreement with Patrick Industries remains in place and its board continues to recommend that transaction, and it will evaluate the Monomoy proposal and update shareholders in due course.
- Monomoy Capital Partners proposed $101 per share in cash for LCI Industries; the proposal is unsolicited and non-binding.
- The June 30, 2026 all-stock merger agreement with Patrick Industries remains in place, and the board continues to recommend it.
- LCI shareholders are advised to take no action on the Monomoy proposal at this time.
- Perella Weinberg Partners LP is financial advisor and Kirkland & Ellis LLP is legal advisor to LCI.
Read the filing on SEC.gov ↗
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