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Lazydays Holdings(GORV) - 2021 Q1 - Earnings Call Transcript
2021-05-26 16:55
Financial Data and Key Metrics Changes - Revenues for Q1 2021 were $271 million, an increase of $80.1 million or 42% from Q1 2020 [9] - Gross profit, excluding noncash LIFO adjustments, was $66 million, up $24.3 million or 58.4% compared to 2020 [11] - Adjusted EBITDA for the quarter was $27.8 million, up $18.3 million or 192% [14] Business Line Data and Key Metrics Changes - Revenue from the sale of recreational vehicles (RVs) was $244.9 million, up $77.7 million or 46.5% [9] - Revenue from new RVs was $167.4 million, an increase of $65 million or 63.4% [9] - Revenue from pre-owned RVs was $77.5 million, up $12.8 million or 19.7% [10] - Revenue from other channels, including parts and service, was $26.1 million, up $2.4 million or 10.3% [10] Market Data and Key Metrics Changes - Total RV unit sales, excluding wholesale units, were 3,197, an increase of 781 units or 32.3% [9] - Average selling price of new RVs was $78,400, up $4,000 or 5.4% [9] - Average selling price of pre-owned RVs was $67,800, up 14.9% compared to Q1 2020 [10] Company Strategy and Development Direction - The company plans to acquire B. Young RV dealerships in Portland, Oregon, and Vancouver, Washington, aligning with its strategy to strengthen its market presence [18] - The company aims to add at least 20 fully operational dealerships by the end of 2022, with a mix of acquisitions and greenfield developments [19] - Focus on improving customer experience and service excellence through investments in people, processes, and technology [20] Management's Comments on Operating Environment and Future Outlook - Strong demand for RVs is expected to continue, with tight inventory positively impacting margins [17] - Anticipated that dealer inventories will not normalize until the second half of 2022 at the earliest, maintaining elevated margins [18] - The company is confident in its growth pipeline and backlog, indicating strong future sales potential [18] Other Important Information - The company is undergoing a restatement related to SPAC warrant accounting, which is expected to have no impact on previously reported revenue or adjusted EBITDA [7][8] - Cash on hand as of March 31, 2021, was $79.5 million, with net working capital of $54.6 million [15] Q&A Session Summary Question: How does the average customer profile look currently? - The average customer is younger, with many new entrants under 40, but older demographics are still significant buyers [23] Question: What is the breakdown of new dealerships expected? - Approximately 50% of new dealerships will be acquired, and 50% will be greenfield [24] Question: What are the early returns from the Houston service center? - The service center has seen a strong backlog, and the company is confident in its future success [26][27] Question: Can you provide context on same-store sales growth targets? - The goal is to continue growing market share, although it varies by dealership [30] Question: How does the current inventory situation compare to consumer demand? - Demand is currently stronger than shipments, leading to a decrease in inventory [32][34]
Lazydays Holdings(GORV) - 2020 Q4 - Annual Report
2021-03-19 20:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR For the transition period from _________ to ________ Commission file number: 001-38424 Lazydays Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | 82-4183498 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or org ...
Lazydays Holdings(GORV) - 2020 Q4 - Earnings Call Transcript
2021-03-18 18:37
Lazydays Holdings, Inc. (LAZY) Q4 2020 Results Conference Call March 18, 2021 10:00 AM ET Company Participants Debbie Harrell - Corporate Controller Bill Murnane - Chairman and CEO Nick Tomashot - CFO Conference Call Participants Steven Dyer - Craig-Hallum Fred Wightman - Wolfe David Kanen - Kanen Wealth Management Joseph Altobello - Raymond James Operator Ladies and gentlemen, thank you for standing by and welcome to the Lazydays Holdings, Inc. Fourth Quarter 2020 Financial Results Conference Call. [Operat ...
Lazydays Holdings(GORV) - 2020 Q3 - Quarterly Report
2020-11-06 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-38424 Lazydays Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) FORM 10-Q (Mark One) | Delaware ...
Lazydays Holdings(GORV) - 2020 Q3 - Earnings Call Transcript
2020-11-04 21:13
Lazydays Holdings, Inc. (LAZY) Q3 2020 Results Conference Call November 4, 2020 10:00 AM ET Company Participants Debbie Harrell - Corporate Controller Bill Murnane - Chairman and CEO Nick Tomashot - CFO Conference Call Participants Steven Dyer - Craig-Hallum Fred Wightman - Citigroup Operator Ladies and gentlemen, thank you for standing by. And welcome to the Lazydays Holdings, Inc. Third Quarter 2020 Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference is bei ...
Lazydays Holdings(GORV) - 2020 Q2 - Earnings Call Transcript
2020-08-01 10:48
Lazydays Holdings, Inc. (LAZY) Q2 2020 Earnings Conference Call July 30, 2020 10:00 AM ET Company Participants Debbie Harrell – Corporate Controller Nick Tomashot – Chief Financial Officer Bill Murnane – Chairman and Chief Executive Officer Conference Call Participants Steven Dyer – Craig-Hallum Capital Group Russell Lynde – Park West Asset Management Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lazydays Holdings, Inc. Second Quarter 2020 Financial Results Conference Call. At ...
Lazydays Holdings(GORV) - 2020 Q2 - Quarterly Report
2020-07-31 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission file number 001-38424 Lazydays Holdings, Inc. Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ (Exact Name of Registrant as Specified in its Charter) | Delaware | 82- ...
Lazydays Holdings(GORV) - 2020 Q1 - Quarterly Report
2020-05-08 20:06
Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Lazydays Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 82-4183498 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer | | Incorporation or Organization) | Identification No.) | | 6130 Lazy Days Blvd, Seffner, FL | 33584 | | ...
Lazydays Holdings(GORV) - 2019 Q4 - Annual Report
2020-03-20 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________ Commission file number: 001-38424 Lazydays Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | 82-4183498 ...
Lazydays Holdings(GORV) - 2019 Q3 - Quarterly Report
2019-11-08 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-38424 Lazydays Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 82 ...