Camping World announced Monday that it had continued the momentum that it had in the second quarter with very strong third quarter earnings.
The company’s revenue was $1.7 billion for the quarter, an increase of 21 percent compared with the same quarter a year ago, and net income was $155 million, an increase of 337 percent over the same quarter a year ago – a quarter in which it ended with a net loss.
“I am very pleased with our team’s performance in the third quarter,” said Marcus Lemonis, chairman and CEO of Camping World Holdings. “Coming off of an extremely positive second quarter, demand remained strong and we were able to achieve record-breaking third quarter results with net income of $155 million and adjusted EBITDA of $217 million. Our ability to focus on fundamentals including maximizing gross margins and maintaining expense controls was key to our success in the quarter. Our year-to-date net income was $304 million and adjusted EBITDA was $474 million.”
In terms of revenue, the majority came from the sale of new units by an almost three-to-one margin, the company said.
