LCI INDUSTRIES Business Summary

LCI Industries (LCII) is a leading supplier of engineered components for the recreational vehicle (RV), marine, and adjacent transportation markets, generating revenue through high-volume product sales to Original Equipment Manufacturers (OEMs) and a high-margin Aftermarket segment. The company operates through two primary segments: the OEM Segment, which manufactures chassis, axles, slide-outs, and seating for RVs, buses, and trailers; and the Aftermarket Segment, which provides replacement parts and accessories directly to dealers and consumers. With a 2026 revenue guidance of $4.2 billion to $4.3 billion, LCII leverages a "content per unit" strategy to increase its dollar-value footprint in every vehicle produced. It competes directly with Patrick Industries, Malibu Boats, and Brunswick, maintaining a dominant market share by acting as a critical, vertically integrated partner to major manufacturers like Thor Industries and Forest River. The executive team is led by President and CEO Jason Lippert, a third-generation leader who has been with the company for over 30 years and served as CEO since 2013, driving its transition from Drew Industries into a global industrial powerhouse. He is supported by EVP and CFO Lillian Etzkorn, who oversees financial strategy with a background in automotive manufacturing, and Group Presidents Jamie Schnur (Aftermarket) and Ryan Smith (North America). The company’s governance is managed by Chairman Tracy Graham and a board that includes industry veterans like Stephanie Mains and Kieran O’Sullivan, following the 2026 retirement of long-standing director James Gero. Originally founded as Drew Industries in 1962, the company’s growth is rooted in the Lippert family’s 1956 founding of its core subsidiary, Lippert Components, and it remains a favored holding for major institutional investors like BlackRock and Vanguard.