Camping World Holdings reported fourth quarter sales of $1.4 billion, a record for a quarter and a 21.5 percent increase over the same period a year ago.
For the full year, the company had $6.9 billion in sales, a nearly 27 percent increase over 2020.
The company reported net income in the fourth quarter of $59.3 million, which was a nearly 47 percent increase over Q4 net income in 2020. For the full year, the company had $642.1 million, an increase of 86.5 percent.
“Since we took the company public at the end of 2016, we have almost doubled our annual revenue to $6.9 billion and more than tripled our annual net income and Adjusted EBITDA to $642 million and $942 million, respectively,” said Marcus Lemonis, chairman and CEO. “It is our management team’s plan to continue positioning the company for growth over the next five years. The long-term trends along with our strong cash flow have us focused on three things: growing our business, repurchasing our shares and returning capital to our shareholders.”
He continued, “During 2021, we opened 16 locations, which included 12 RV dealerships acquired in 2021, three RV dealerships acquired in 2020, and one greenfield location. We currently have operating dealerships, agreements to acquire land or existing RV dealerships, or have dealerships under construction in 46 of the 48 contiguous states.”