Lazydays Holdings’ preliminary Q3 results indicate revenue of $318.7 million, an increase of $103 million over the third quarter of last year. Net income in the quarter was $30.2 million, up $26.5 million from the same period the year before.
The company said it’s important to note that the results are preliminary, unaudited and have not been subject to a quarterly review.
“We are very pleased to set a new all-time quarterly EBITDA (earnings before earnings before interest, taxes, depreciation, and amortization) record for Lazydays, surpassing the $41.3 million record we set in the second quarter of this year,” said William P. Murnane, chairman and CEO of Lazydays. “More importantly, our growth strategy continues to drive strong year over year results that outpace the market. Our revenue is up 48 percent and EBITDA has more than doubled versus what was then a strong third quarter 2020. We are very proud of the Lazydays team for these outstanding accomplishments.”
Lazydays said in its report that while dealership inventory levels increased slightly during the quarter, they are still well below historical and target levels.
Lazydays also noted that it added three dealerships to its network in the recent quarter with the acquisition of B. Young RV in Oregon and Washington, and Burlington RV in Wisconsin.
