LCI INDUSTRIES — Form 8-K

LCI Industries (market cap ~$1.6B) reported Q2 2026 net sales of $969M (down 13% YoY; adjusted down 4% excluding $89M tariff refund pass-throughs) with net income of $67M (up 16%) and diluted EPS of $2.75 (up 20%). Operating margin expanded 200 basis points to 9.9%. Concretely: RV OEM sales fell 33% to $336M due to lower North American shipments and tariff refunds; Aftermarket segment grew 10% to $294M. The company entered into a definitive all-stock merger agreement with Patrick Industries to form a broader component solutions provider; deal expected to close H1 2027 pending stockholder and regulatory approval. Company reduced 2026 RV wholesale guidance to 280K–300K units (from 315K–330K) and full-year revenue to $3.9B–$4.1B (from prior guidance), though reaffirming 7.5%–8.0% operating margin guidance. Cash position strong at $217M; repaid $92M of convertible notes at maturity and paid $56M in dividends in H1 2026.