Lazydays Holdings has announced the financial results for its third quarter ended Sept. 30 showing revenues were $142.4 million, down $1.2 million, or 0.8 percent, versus 2017. Revenue from RV sales was $125.3 million for the quarter, down $1.5 million, or 1.1 percent. RV unit sales excluding wholesale units, were 1,801, down 18 units, or 1 percent.
Lazydays also reported how on Aug. 7 it closed on the acquisition of Shorewood RV Center located in Ramsey, Minn. And on Oct. 23, Lazydays announced entering into an agreement to acquire Tennessee RV Supercenter located just outside Knoxville.
“The third quarter highlighted the benefits of successfully executing our geographic expansion strategy and diversifying our revenue base geographically. While we were adversely impacted by market conditions in the Southeastern U.S., we were able to maintain our year-to-date top line due to contributions from markets outside the Southeast,” said William Murnane, chairman and CEO of Lazydays. “We are excited to have announced our second planned acquisition this year and to continue our geographic expansion into Tennessee. We expect to close the Tennessee acquisition before the end of the year. The opportunities for continued geographic expansion remain robust and we expect to continue our geographic expansion throughout 2019.”