LCI Industries reported consolidated net sales of $1,107.3 million for the second quarter of 2025, a 5.0% increase from $1,054.5 million in Q2 2024. Net income for the quarter was $57.6 million, or $2.29 per diluted share, compared to $61.2 million, or $2.40 per diluted share, in the prior year. Adjusted EBITDA was $121.3 million, compared to $122.6 million in Q2 2024, with margin contraction primarily due to executive separation costs and product mix changes.
The OEM segment's net sales increased by $43.4 million, driven by sales from acquired businesses and higher North American RV sales. RV OEM net sales were up 3% to $503.3 million, benefiting from market share gains and an increased mix of higher content fifth-wheel units. Adjacent Industries OEM net sales rose 10% year-over-year, primarily due to sales from acquired businesses.
The Aftermarket segment reported net sales of $267.7 million, a 4% increase, fueled by product innovations and the expanding Camping World relationship within the RV aftermarket. The company used $98.2 million for acquisitions, $66.3 million for share repurchases, and $58.4 million for dividend payments in the six months ended June 30, 2025.
Management highlighted that the company remains on track to reach its $5 billion organic revenue target in 2027 and is making headway toward its 85 basis point overhead and G&A improvement goal for 2025. July 2025 consolidated net sales were approximately $327 million, up 5% from July 2024, primarily due to sales from acquired businesses and pricing.
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