LCI Industries Forecasts $3.9B-$4B Revenue for 2026
The RV parts maker projects 2026 adjusted revenue and earnings as weaker RV demand and merger synergies shape its outlook.
Updated on Nov. 7, 2026 in Business Strategy
LCI Industries expects adjusted revenue of $3.9 billion to $4 billion in 2026 and adjusted earnings per share of $8.25 to $8.50. The company reported a 4% year-over-year revenue decline in the third quarter of 2026, with sales to RV original equipment manufacturers down 17%.
Why it matters
The forecast reflects softer demand across the recreational vehicle industry, which accounts for much of the company's business. Management also expects about $150 million in net run-rate cost synergies from its Patrick merger, a figure that could offset some of the pressure on margins.
Q3 2026 operating profit margin widened 100 basis points to 8.3%, while the company projects 285,000 to 295,000 RV industry wholesale shipments in 2026. The guidance depends on RV demand that management has flagged as a risk, and the timing of commodity cost pass-through remains uncertain.
The players
LCI Industries
LCI Industries is a manufacturer of components for recreational vehicles and other specialty vehicles, and it supplies original equipment makers and aftermarket customers.
Patrick Industries
Patrick Industries is a supplier of building products and components to the RV and manufactured housing markets, and its merger with LCI Industries is the source of the expected cost synergies.
The details
LCI Industries said its third-quarter 2026 operating margin improved even as revenue fell, and it tied its full-year outlook to a $150 million cost-synergy target from the Patrick merger, to be realized within three years after closing. Management identified weaker RV demand and a one-to-two-quarter lag in passing commodity price changes as the main risks to the forecast.
Timeline
Q3 2026: Revenue fell 4% and RV OEM sales dropped 17% year over year.
2026: Company projects adjusted revenue of $3.9 billion to $4 billion.
Within three years after closing: Patrick merger synergies of about $150 million are expected to be realized.
Market Landscape
The forecast fits the RV industry's slowdown in wholesale demand after the post-2022 inventory correction and dealer destocking cycle. LCI Industries is pairing that softer demand with consolidation through the Patrick merger to protect margins.
Consumers shopping for recreational vehicles may see continued softness in RV availability and pricing as manufacturers and suppliers adjust to weaker demand. Dealers and buyers should watch whether the projected 285,000 to 295,000 wholesale shipments materialize, since that volume will shape inventory levels.
The takeaway
Companies facing softer end-market demand are leaning on cost synergies and margin discipline to hold earnings steady. Watch whether the expected $150 million in Patrick merger savings arrive on schedule, as they will determine how much of the revenue weakness reaches the bottom line.
Further reading
For more on how companies are reshaping their operations through acquisitions, see Business Strategy.
Source note: This article includes information reported by TokenPost.
