Every material Form 8-K LCI Industries has filed with the SEC since March 25, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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
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.
LCI Industries announced it will release its third quarter 2026 financial results before market open on Thursday, November 5, 2026, and host a conference call and webcast that morning at 8:30 a.m. ET. The release contains a scheduling notice only and no financial results, so it does not change the company's reported performance.
Third quarter 2026 results to be released before market open on Thursday, November 5, 2026
Conference call and webcast scheduled for November 5, 2026, at 8:30 a.m. ET
Replay available for two weeks by dialing (833) 309-1852 for U.S. participants
LCI Industries reported second quarter 2026 net sales down 13% to $969 million, mainly on lower North American RV wholesale shipments, while net income rose 16% to $67 million and diluted EPS rose 20% to $2.75. The company cut its 2026 revenue outlook to $3.9 billion to $4.1 billion and lowered its North American RV wholesale shipment forecast, which weighs on shareholders even as profit improved.
Net sales fell to $968.7 million from $1,107.3 million; adjusted net sales, which exclude an $88.8 million IEEPA tariff refund reduction, fell 4.5% to $1,057.5 million
Net income rose to $67.1 million, or $2.75 per diluted share, versus $2.29 a year earlier; adjusted diluted EPS was $2.70 versus $2.39
2026 outlook: revenue cut to $3.9 billion to $4.1 billion; North American RV wholesale shipments lowered to 280,000 to 300,000 from 315,000 to 330,000; operating margin of 7.5% to 8.0% reaffirmed
July 2026 net sales expected at about $315 million, down 4% from prior year; company is also pursuing an all-stock merger with Patrick Industries
LCI Industries increased its board to seven members and elected Robert P. Hureau, a director effective July 18, 2026, with a term ending at the 2027 annual meeting. He joins the Audit, Compensation and Human Capital, and Risk committees, adding a director with CEO and CFO experience at industrial companies.
Board expanded from six to seven members; Hureau's term expires at the 2027 annual meeting
Hureau received 1,133 restricted stock units on July 18, 2026, vesting in full on the first anniversary of the grant
Hureau is President and CEO of Alamo Group Inc. since September 2025 and previously served as CEO of American Trailer World
LCI Industries and Patrick Industries signed a merger agreement on June 30, 2026 under which LCI would become a wholly owned subsidiary of Patrick, and LCI shareholders would receive 1.2440 Patrick shares for each LCI share. After closing, Patrick holders would own about 52% of the combined company and LCI holders about 48%, and the deal is expected to close in the first half of 2027, subject to shareholder, regulatory and other conditions.
Exchange ratio: 1.2440 shares of Patrick common stock for each LCI common share, plus cash in lieu of fractional shares
Ownership after closing: Patrick shareholders about 52%, LCI shareholders about 48%
The companies estimate more than $150 million of run-rate cost synergies, achieved within three years of closing
Outside Date for completion is March 30, 2027; expected closing is the first half of 2027
LCI Industries' subsidiary Lippert Components entered into amended and restated employment agreements with Ryan R. Smith and Jamie M. Schnur, effective June 19, 2026. The agreements set severance eligibility upon an Approved Retirement or death, and Mr. Smith's cash severance multiple is reduced from three times to two times base salary and average bonus.
Agreements with Ryan R. Smith (Group President, North America) and Jamie M. Schnur (President, Aftermarket & Technology Groups) are effective June 19, 2026.
Mr. Smith's cash severance multiple falls from three times to two times base salary and average bonus.
Mr. Smith's severance payment and post-employment restrictive covenant period is reduced from 36 months to 24 months.
Full agreements are expected to be filed with the next Form 10-Q.
LCI Industries said CEO Jason Lippert retired and left the Board effective June 3, 2026, and Board Chair Tracy Graham also resigned from the Board. Director John A. Sirpilla was appointed interim CEO, and the Board will search for a permanent CEO, which means the company has no permanent chief executive for now.
Jason Lippert retired as CEO and resigned from the Board effective June 3, 2026; the filing says the departure did not result from any disagreement with the company.
John A. Sirpilla became interim CEO effective immediately, with a base salary of $1,100,000 and a target bonus of 140% of base salary.
Sirpilla received a one-time RSU grant with a grant-date value of $1,800,000, and Lippert will receive $100,000 per month for consulting services through June 3, 2027.
Virginia Henkels was named Board Chair, and Stephanie K. Mains became Audit Committee Chair, both effective June 3, 2026.
LCI Industries reported first-quarter 2026 results on May 5, 2026, with net sales up 4% to $1.1 billion and diluted EPS up 30% to $2.53 from $1.94. The company raised the low end of its 2026 adjusted EPS outlook to $8.75 to $9.25 but cut its North American RV wholesale shipment forecast, and it expects April 2026 net sales to fall 4% from a year earlier. For shareholders, earnings improved while the volume outlook weakened.
Net sales rose 4.3% to $1.1 billion in Q1 2026; diluted EPS was $2.53 versus $1.94, and adjusted diluted EPS was $2.59 versus $2.19
2026 adjusted diluted EPS outlook of $8.75 to $9.25, with the lower end raised from $8.25 and the upper end reaffirmed
2026 North American RV wholesale shipments lowered to 315,000 to 330,000 from 335,000 to 350,000
April 2026 net sales expected at approximately $374 million, down 4% from the prior year
LCI Industries reported fourth quarter and full year 2025 results on February 18, 2026. Fourth quarter net sales rose 16.1% to $932.7 million and diluted EPS was $0.77, up from $0.37, while the company also gave 2026 guidance of $4.2 billion to $4.3 billion in revenue and adjusted diluted EPS of $8.25 to $9.25.
Q4 2025 net sales $932.7 million, up 16.1% from $803.1 million; OEM Segment operating profit $26.9 million versus $1.9 million a year earlier
Full year 2025 net sales $4.1 billion and diluted EPS $7.57, up from $5.60 in 2024
2026 outlook: revenue of $4.2 billion to $4.3 billion, operating profit margin of 7.5% to 8.0%, and adjusted diluted EPS of $8.25 to $9.25
Q4 2025 results include $3.9 million of restructuring costs tied to closing the glass operations in Ireland
LCI Industries said director James Gero, who has served on its board for 33 years, will retire when his term ends at the 2026 Annual Meeting of Stockholders. The company said his decision was not due to any disagreement with management on operations, policies or practices.
Gero notified the company on February 11, 2026, that he will not stand for re-election.
Gero served as board chairman from May 2014 to May 2021 and has 33 years of service.
The board will evaluate its size and composition in light of his retirement in May, according to the press release.
LCI Industries reported third quarter 2025 net sales up 13.2% to $1.04 billion, with net income of $62.5 million, or $2.55 per diluted share, up 75% from a year earlier. The company also issued an outlook for October 2025 net sales of about $380 million and a 2026 operating profit margin of 7.0% to 8.0%, which gives shareholders updated expectations for the business.
Q3 2025 net sales of $1.04 billion, up 13.2% from $915.5 million, driven by OEM sales price increases, acquisitions and higher North American RV sales
Q3 net income of $62.5 million, or $2.55 per diluted share, versus $1.39 a year earlier; adjusted net income of $48.1 million, or $1.97 per diluted share, up 35%
Outlook: October 2025 net sales projected at about $380 million, up 15%; 2026 operating profit margin of 7.0% to 8.0%
Q3 included a $19.7 million net gain on the sale of real estate and a $0.8 million loss on extinguishment of debt
LCI Industries and subsidiaries entered into Amendment No. 1 to its credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, dated September 26, 2025. The amendment refinances existing term loans in the principal amount of $399 million and lowers the applicable margin by 0.25%, while revolving credit facility rates and commitment fees are unchanged.
Repriced term loans: $399 million principal amount
Margin cut 0.25%: base rate margin from 1.25%, or term SOFR margin from 2.25%
Revolving credit facility commitment fees and rates unchanged
Credit agreement originally dated March 25, 2025; amendment dated September 26, 2025
LCI Industries reported second quarter 2025 net sales of $1.1 billion, up 5% year over year, driven by acquired businesses and higher North American RV sales. Net income fell to $58 million, or $2.29 per diluted share, from $61 million, or $2.40, a year earlier, as operating margin narrowed and executive separation costs weighed on results.
Net sales of $1,107.3 million, up 5.0% from $1,054.5 million in the second quarter of 2024
Net income of $57.6 million, or $2.29 per diluted share, versus $2.40 a year earlier; adjusted net income of $2.39 per diluted share excludes $3.2 million in executive separation costs
Adjusted EBITDA of $121.3 million, or 11.0% of net sales, compared with $122.6 million in the second quarter of 2024
Freedman Seating Company acquisition completed, representing approximately $125 million in annual revenue; $62 million in share repurchases made in July and August 2025
LCI Industries said its Executive Vice President, Chief Legal and HR Officer and Corporate Secretary, Andrew Namenye, will voluntarily resign, with employment ending July 31, 2025 under a Separation Agreement signed June 6, 2025. His duties will be transitioned to others before that date, and the filing lists severance and benefits he will receive, which could add cost for the company.
Namenye notified the company of his resignation on June 6, 2025; his salary, benefits and title stay the same until the Separation Date of July 31, 2025.
Severance includes $1.25 million in base salary payable over 24 months and $887,418 in bonus-based pay payable over 24 months.
Additional payments include $662,500 tied to the current management incentive plan, due no later than January 9, 2026, and a $15,000 COBRA lump sum.
The agreement also accelerates vesting of all unvested restricted stock units and provides six months of outplacement services, subject to a further release.
LCI Industries said director David Reed retired from its Board of Directors effective May 15, 2025, after 22 years of service. The filing states his decision was not the result of any disagreement with the company on operations, policies, or practices. The change is administrative and does not involve financial results or guidance.
David Reed joined the LCI Industries board in 2003 and retired effective May 15, 2025.
Reed served on the Audit Committee, Risk Committee, and Strategy, Acquisition, and Capital Deployment Committee.
The filing states the retirement was not due to any disagreement with the company.
Reed previously spent 26 years at Ernst & Young LLP, retiring as Senior Vice Chair in 2000.
LCI Industries reported first quarter 2025 net sales of $1.05 billion, up 8% year over year, and net income of $49.4 million, or $1.94 per diluted share, up 35% from a year earlier. Adjusted net income, excluding a $8.1 million loss on debt extinguishment, was $2.19 per diluted share, up 52%. Revenue and profit both rose, which supports the company's results, though the Aftermarket segment's operating profit fell.
Net sales of $1,045.6 million, up 8% from $968.0 million; OEM segment sales up $65.2 million
Net income $49.4 million, or $1.94 per diluted share, versus $1.44 a year earlier
Aftermarket segment operating profit fell $5.4 million to $19.3 million, with margin down to 8.7% from 11.8%
April 2025 consolidated net sales were approximately $392 million, up 3% from April 2024
On March 25, 2025, LCI Industries entered a new Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, providing a $600.0 million five-year revolving facility and a $400.0 million seven-year term loan. The company used the term loan proceeds to repay in full about $281.3 million outstanding under its prior credit agreement and terminated that agreement. The filing describes new debt obligations secured by substantially all personal property, along with quarterly financial covenants that shareholders may watch as a measure of the company's borrowing capacity.
Revolving facility of $600.0 million and term loan facility of $400.0 million under the new Credit Agreement
Term loan was fully funded on March 25, 2025; revolving facility remained undrawn apart from letters of credit transferred from the prior agreement
Prior Credit Agreement had about $281.3 million outstanding, repaid in full and terminated on March 25, 2025
Term loan matures March 25, 2032; revolving facility terminates March 25, 2030
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