LCI Industries, owner of leading RV components brand Lippert, has published the results of the third quarter of its 2025 financial year, in which it said that diversification strategy, innovation, and manufacturing optimisation were expected to continue to propel future gains.

The company reported that net sales had increased 13 per cent to $1billion, driven by organic growth in the RV OEM and aftermarket. Net income was recorded at $62 million, which was 6.0 per cent of net sales, or $2.55 per diluted share, up 75 per cent from $36 million, or $1.39 per diluted share.

Adjusted net income for Q3 was $48 million, up 35 per cent, while adjusted EBITDA increased 24 per cent to $106 million.

Jason Lippert, President and CEO of LCI Industries, said: “Our diversification strategy has continued to fundamentally contribute to our strong performance, as our team’s outstanding efforts resulted in 13 per cent revenue growth, which drove strong margin expansion and a meaningful increase in adjusted earnings per share of 42 per cent. Our leadership teams have worked diligently to optimise our productivity, footprint, and resources, positioning the company for strong performance as the industry begins to recover from this prolonged cycle.

“We continue to strengthen our structural competitive advantages through the implementation of operational excellence, while benefiting from our investments in innovation that have created another competitive moat. We are also once again adding outstanding businesses to our flagship brands through disciplined, strategic acquisitions. As we look ahead, we believe Lippert is well-positioned to build on our sustained incremental margin improvement and meaningfully enhance shareholder value over time.”

Read the report in full on the Lippert website.

Graphic: Lippert