Lippert announced first-quarter financial results Tuesday morning. President and CEO Jason Lippert commented briefly on the company’s decision to decline a merger opportunity with Patrick Industries.
“With regards to the discussions with Patrick,” he said, “our board has determined that the best path forward is to continue executing our strategy as a standalone company, a strategy we feel has and will continue to position us and our stakeholders well into our future.”
The RV supplier reported increased sales and profits in the first quarter of 2026. The company’s net sales were $1.1 billion, up 4.3% from the first quarter of 2025. Profits increased 27% to $62.9 million in the first quarter from the first quarter of 2025.
Lippert’s content per towable RV rose 13% in the first quarter to $5,826 from the first quarter of 2025.
“I am so pleased with our team’s performance across the business,” Jason Lippert said, “helping get us off to a very strong start despite very challenging retail and wholesale environments in the leisure markets we serve.”
RV OEM sales fell 4% in the first quarter from the first quarter of 2025, due primarily to lower RV wholesale shipments. Aftermarket sales rose 7% from the first quarter of 2025 to $237.7 million in the first quarter of 2026.
“This strong performance and the growth we achieved during a muted quarter for industry output further validates the success of our targeted investments in operational excellence and diversification,” Jason Lippert said. “Our team’s emphasis on footprint and cost structure optimization efforts has amplified these results, enhancing the long-term earnings power of our platform.”
