LCI Industries President and CEO Jason Lippert Announces Retirement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
LCI Industries announced that Jason Lippert has announced his retirement and has stepped down as the Company's President and Chief Executive Officer and as a member of the Board of Directors after 32 years in the business. The Board of Directors has appointed Independent Director Johnny Sirpilla to serve as interim Chief Executive Officer, effective immediately. Jason Lippert has agreed to serve in an advisory capacity for a period of one year to support the transition. The Board will conduct a search for a permanent CEO and expects to consider both internal and external candidates.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy LCII?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on LCII
Wall Street analysts forecast LCII stock price to rise
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 89.730
Low
110.00
Averages
115.20
High
130.00
Current: 89.730
Low
110.00
Averages
115.20
High
130.00
About LCII
LCI Industries, through its wholly owned subsidiary, Lippert Components, Inc. (Lippert), and its subsidiaries are engaged in supplying engineered components to the outdoor recreation and transportation markets. In addition to serving original equipment manufacturers (OEMs), it also caters to aftermarket needs, selling through retail dealers, wholesale distributors, and service centers, as well as directly to consumers online. Its OEM segment manufactures and distributes an array of engineered components for the OEMs of recreational vehicles and adjacent industries, including boats; buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; trains; and modular housing. Its Aftermarket segment supplies many of its engineered components to the related aftermarket channels of the recreation and transportation markets. Its portfolio includes chassis and suspension solutions, and outdoor living systems, among others. It also provides transportation seating solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
LCI Industries CEO Jason Lippert Retires After 32 Years
- Executive Transition: LCI Industries CEO Jason Lippert announced his retirement after 32 years with the company, effective immediately, marking a significant leadership change that could impact investor confidence.
- Interim Leadership: Independent director Johnny Sirpilla has been appointed as interim CEO, while the board initiates a search for a permanent successor, considering both internal and external candidates, demonstrating the company's adaptability during this leadership transition.
- Board Restructuring: Virginia Henkels has been named chair of the board, succeeding the resigned Tracy Graham, reflecting adjustments in corporate governance that may influence future strategic directions.
- Market Reaction: Following the retirement announcement, LCI Industries' stock fell 3% in premarket trading, indicating a negative market response to the executive change, which may affect the company's short-term stock performance.
See More
LCI (LCII) Q1 2026 Earnings Call Transcript
See More
Key Wall Street Rating Changes Overview
- LCI Industries Upgrade: Roth upgrades LCI Industries from Hold to Buy with a price target of $164, unchanged, following outsized Q1 EPS, indicating strong profitability that is expected to drive stock price upward.
- VF Corp Upgrade: BTIG raises VF Corp's rating from Neutral to Buy, citing more reasonable estimates reflecting positive outlook for Vans brand, which could enhance market confidence and shareholder returns.
- DaVita's Strong Performance: Deutsche Bank upgrades DaVita from Hold to Buy after reporting Q1 revenues of $3.415 billion, beating consensus by 2.2%, and EPS of $2.87, exceeding expectations by 22.1%, showcasing robust treatment growth and revenue per treatment.
- Monster Beverage Upgrade: Rothschild & Co Redburn upgrades Monster Beverage from Neutral to Buy, highlighting significant international growth potential as the company currently holds only 14% market share, suggesting substantial future market position improvement.
See More
LCI Industries Q1 Earnings Exceed Expectations
- Earnings Beat: LCI Industries reported a Q1 Non-GAAP EPS of $2.59, surpassing expectations by $0.41, which reflects the company's strong profitability in the current economic climate and boosts investor confidence.
- Revenue Growth: The company achieved Q1 revenue of $1.09 billion, a 3.8% year-over-year increase, exceeding market expectations by $20 million, indicating sustained demand and market share growth in the towable RV sector.
- Cash Flow Performance: For the last twelve months ending March 31, 2026, operating cash flows reached $255 million, showcasing effective cash management that provides a solid foundation for future investments and expansion.
- Outlook: The company anticipates 2026 North American RV wholesale shipments to decline to 315,000 to 330,000 units, with revenue expectations set at $4.2 billion to $4.3 billion; however, the adjusted EPS forecast has been raised to $8.75 to $9.25, reflecting management's confidence despite market challenges.
See More
LCI Industries Set to Announce Q1 Earnings on May 5th
- Earnings Announcement: LCI Industries is scheduled to release its Q1 2023 earnings on May 5th before the market opens, with consensus EPS estimated at $2.17, reflecting a 0.9% year-over-year decline, and revenue expected at $1.07 billion, a 1.9% increase year-over-year.
- Historical Performance: Over the past two years, LCI Industries has exceeded EPS estimates 88% of the time and revenue estimates 75% of the time, indicating a strong track record of financial performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen one upward revision and six downward revisions, while revenue estimates have also experienced one upward and six downward revisions, suggesting a cautious market outlook on the company's future performance.
- Industry Context: Despite challenges in a slowing industry, LCI Industries is striving to maintain its market position and has opted to terminate merger talks with rival Patrick Industries, reflecting a strategic choice for independent growth.
See More
Patrick Industries Terminates Merger Talks with LCI Industries
- Merger Talks Terminated: Patrick Industries (PATK) and LCI Industries (LCII) have announced the termination of their merger discussions, as they could not agree on key terms despite consensus on leadership and strategic alignment, highlighting the complexities involved in such transactions.
- Commitment to Independence: CEO Andy Nemeth emphasized that Patrick Industries remains committed to its independent brand and customer partnerships, asserting that its diversified platform and strong balance sheet will enable it to excel in its markets.
- Positive Financial Outlook: The company projects operating cash flow for 2026 to be between $370 million and $390 million, indicating robust financial health and growth potential, even in the absence of the merger.
- Market Reaction: Following the termination of merger talks, Patrick Industries' shares rose by 1.7% in premarket trading, while LCI Industries saw a decline of 1.4%, reflecting differing market expectations for the future of both companies.
See More
LCI Industries CEO Jason Lippert Retires After 32 Years
- Executive Transition: LCI Industries CEO Jason Lippert announced his retirement after 32 years with the company, effective immediately, marking a significant leadership change that could impact investor confidence.
- Interim Leadership: Independent director Johnny Sirpilla has been appointed as interim CEO, while the board initiates a search for a permanent successor, considering both internal and external candidates, demonstrating the company's adaptability during this leadership transition.
- Board Restructuring: Virginia Henkels has been named chair of the board, succeeding the resigned Tracy Graham, reflecting adjustments in corporate governance that may influence future strategic directions.
- Market Reaction: Following the retirement announcement, LCI Industries' stock fell 3% in premarket trading, indicating a negative market response to the executive change, which may affect the company's short-term stock performance.
See More
LCI (LCII) Q1 2026 Earnings Call Transcript
See More
Key Wall Street Rating Changes Overview
- LCI Industries Upgrade: Roth upgrades LCI Industries from Hold to Buy with a price target of $164, unchanged, following outsized Q1 EPS, indicating strong profitability that is expected to drive stock price upward.
- VF Corp Upgrade: BTIG raises VF Corp's rating from Neutral to Buy, citing more reasonable estimates reflecting positive outlook for Vans brand, which could enhance market confidence and shareholder returns.
- DaVita's Strong Performance: Deutsche Bank upgrades DaVita from Hold to Buy after reporting Q1 revenues of $3.415 billion, beating consensus by 2.2%, and EPS of $2.87, exceeding expectations by 22.1%, showcasing robust treatment growth and revenue per treatment.
- Monster Beverage Upgrade: Rothschild & Co Redburn upgrades Monster Beverage from Neutral to Buy, highlighting significant international growth potential as the company currently holds only 14% market share, suggesting substantial future market position improvement.
See More
LCI Industries Q1 Earnings Exceed Expectations
- Earnings Beat: LCI Industries reported a Q1 Non-GAAP EPS of $2.59, surpassing expectations by $0.41, which reflects the company's strong profitability in the current economic climate and boosts investor confidence.
- Revenue Growth: The company achieved Q1 revenue of $1.09 billion, a 3.8% year-over-year increase, exceeding market expectations by $20 million, indicating sustained demand and market share growth in the towable RV sector.
- Cash Flow Performance: For the last twelve months ending March 31, 2026, operating cash flows reached $255 million, showcasing effective cash management that provides a solid foundation for future investments and expansion.
- Outlook: The company anticipates 2026 North American RV wholesale shipments to decline to 315,000 to 330,000 units, with revenue expectations set at $4.2 billion to $4.3 billion; however, the adjusted EPS forecast has been raised to $8.75 to $9.25, reflecting management's confidence despite market challenges.
See More
LCI Industries Set to Announce Q1 Earnings on May 5th
- Earnings Announcement: LCI Industries is scheduled to release its Q1 2023 earnings on May 5th before the market opens, with consensus EPS estimated at $2.17, reflecting a 0.9% year-over-year decline, and revenue expected at $1.07 billion, a 1.9% increase year-over-year.
- Historical Performance: Over the past two years, LCI Industries has exceeded EPS estimates 88% of the time and revenue estimates 75% of the time, indicating a strong track record of financial performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen one upward revision and six downward revisions, while revenue estimates have also experienced one upward and six downward revisions, suggesting a cautious market outlook on the company's future performance.
- Industry Context: Despite challenges in a slowing industry, LCI Industries is striving to maintain its market position and has opted to terminate merger talks with rival Patrick Industries, reflecting a strategic choice for independent growth.
See More
Patrick Industries Terminates Merger Talks with LCI Industries
- Merger Talks Terminated: Patrick Industries (PATK) and LCI Industries (LCII) have announced the termination of their merger discussions, as they could not agree on key terms despite consensus on leadership and strategic alignment, highlighting the complexities involved in such transactions.
- Commitment to Independence: CEO Andy Nemeth emphasized that Patrick Industries remains committed to its independent brand and customer partnerships, asserting that its diversified platform and strong balance sheet will enable it to excel in its markets.
- Positive Financial Outlook: The company projects operating cash flow for 2026 to be between $370 million and $390 million, indicating robust financial health and growth potential, even in the absence of the merger.
- Market Reaction: Following the termination of merger talks, Patrick Industries' shares rose by 1.7% in premarket trading, while LCI Industries saw a decline of 1.4%, reflecting differing market expectations for the future of both companies.
See More
