Lazydays Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 06:31 am EDT
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Lazydays Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 280.68 million compared to USD 333.76 million a year ago. Net loss was USD 5.59 million compared to net income of USD 7.67 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to basic earnings per share from continuing operations of USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 0.48 compared to diluted earnings per share from continuing operations of USD 0.35 a year ago.
For the nine months, revenue was USD 884.72 million compared to USD 1,083.47 million a year ago. Net loss was USD 2.3 million compared to net income of USD 67.79 million a year ago. Basic loss per share from continuing operations was USD 0.44 compared to basic earnings per share from continuing operations of USD 3.57 a year ago.
Lazydays Holdings, Inc. is a holding company. The Company operates recreational vehicle (RV) dealerships and offers a portfolio of products and services for RV owners and outdoor enthusiasts. The Company provides a spectrum of RV products: new and pre-owned RV sales, RV-parts and service, financing and insurance products, third-party protection plans, after-market parts and accessories, and RV camping facilities. It provides these offerings through its Lazydays branded dealerships. It operates approximately 24 Lazydays dealership and service locations across 15 states. Its RV brands include Forest River, Thor, and East to West, among others. It also has dealerships located at the Villages, Florida; Tucson and Phoenix, Arizona; Minneapolis, Minnesota; Knoxville, Nashville and Maryville, Tennessee; Loveland and Denver, Colorado; Elkhart and Burns Harbor, Indiana; Portland, Oregon; Vancouver, Washington, and Milwaukee, Wisconsin. It also has a service center location near Houston, Texas.