LCI Industries delivered 13% revenue growth with sustained margin expansion during its third quarter 2025.
Net sales increased 13% to $1 billion, and the Group’s adjusted net income was $48 million, up 35%.
Adjusted EBITDA increased 24% to $106 million and operating profit margin grew to 7.3% from 5.9%.
“Our diversification strategy has continued to fundamentally contribute to our strong performance, as our team’s outstanding efforts resulted in 13% revenue growth, which drove strong margin expansion,” explained Jason Lippert, president and chief executive officer.
Our diversification strategy has continued to fundamentally contribute to our strong performance.
Jason Lippert
“We continue to strengthen our structural competitive advantages through implementation of operational excellence, while benefitting from our investments in innovation that have created another competitive moat.”
He continued: “We are also once again adding outstanding businesses to our flagship brands through disciplined, strategic acquisitions.”
During the quarter, OEM net sales rose $105.6 million, (15%), to $790 million, compared to the same period of 2024 and the segment’s operating profit was $43.6 million, compared to $21.8 million, in the same period in 2024.
Increase in net sales
In the Aftermarket segment, net sales grew 7% to $246.5 million compared to the same period of 2024 and the operating profit $31.9 million was flat compared to the same period of 2024.
The operating profit margin of the Aftermarket Segment was 12.9%, compared to 13.9%.
Looking forward, Lippert anticipates its October 2025 net sales will amount to around $380 million, up 15% from 2024.
Lippert supplies a range of RV, towing, and marine products.
