Table of Contents FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION (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, 2025 or Washington, D.C. 20549 ¨ 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) | ...

Exhibit 99.1 LAZYDAYS REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS Tampa, FL (August 14, 2025) – Lazydays Holdings, Inc. (NasdaqCM: GORV) ("Lazydays," the "Company" or "we") today reports financial results for the second quarter ended June 30, 2025. Ron Fleming, CEO, said, "We continued to advance our turnaround plan in the second quarter of 2025. Our focus on operational performance resulted in increases in gross profit margins across all products and services compared to the prior year period, and our pu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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.) | | 4042 Park Oaks Blvd, Tampa, Florida | 33610 | | (Address of Principal Executive Offices) | (Zip Code) | FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...

Exhibit 99.1 Lazydays has been a prominent player in the RV industry since our inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs. Our wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to de ...

[Part I](index=5&type=section&id=PART%20I) [Business](index=5&type=section&id=Item%201.%20Business) Lazydays operates 22 RV dealerships, selling and servicing RVs and related products, and began selling dealerships to Camping World in 2024 to streamline operations - The company operates **22 RV dealerships** across multiple states, with its largest, located near Tampa, Florida, considered the **world's largest** in terms of on-site inventory[17](index=17&type=chunk)[18](index=18&type=chunk) - Core business includes selling new and pre-owned RVs, arranging financing and insurance, and providing parts and services; the company represents **over 30 original equipment manufacturers (OEMs)**[16](index=16&type=chunk)[21](index=21&type=chunk) - In November 2024, the company agreed to sell several dealerships and associated real estate to Camping World Holdings, Inc; however, in March 2025, Camping World opted not to close on two of these locations (Portland, OR and Council Bluffs, IA)[23](index=23&type=chunk) - The company received a notice from Nasdaq on January 23, 2025, for failing to meet the **$1.00** minimum bid price requirement for continued listing, and has until July 22, 2025, to regain compliance[49](index=49&type=chunk)[50](index=50&type=chunk) [Risk Factors](index=10&type=page&id=Item%201A.%20Risk%20Factors) The company faces substantial doubt about its going concern ability due to a **$180.0 million** net loss, limited credit, internal control weaknesses, and delisting risk - The company's financial condition raises **substantial doubt about its ability to continue as a going concern**, having incurred a **$180.0 million** net loss in 2024 and having its revolving credit facility eliminated[58](index=58&type=chunk)[59](index=59&type=chunk) - Management identified material weaknesses in internal controls related to IT general controls (user access, change management) and turnover in key accounting positions[61](index=61&type=chunk) - The business is heavily dependent on a few key manufacturers, with Thor Industries, Winnebago Industries, and Forest River, Inc. supplying approximately **51%**, **26%**, and **19%** of new RV inventory, respectively, in 2024[66](index=66&type=chunk) - The company's credit facilities contain restrictive covenants; a change in control is an event of default, and the company must comply with various financial ratios and tests to avoid default[120](index=120&type=chunk)[126](index=126&type=chunk)[127](index=127&type=chunk) - As of December 31, 2024, Coliseum and its affiliates hold **72%** of the company's common stock (on an as-exercised warrant basis), giving them significant influence over corporate actions[133](index=133&type=chunk) - The company's common stock is at risk of being delisted from the Nasdaq Capital Market for failing to maintain a minimum bid price of **$1.00** per share[136](index=136&type=chunk) [Unresolved Staff Comments](index=23&type=section&id=Item%201B.%20Unresolved%20Staf%20Comments) The company reports no unresolved staff comments from the SEC - None[138](index=138&type=chunk) [Cybersecurity](index=23&type=section&id=Item%201C.%20Cybersecurity) The company maintains a cybersecurity program led by its CTO, reporting quarterly to the Board, and has identified no material cybersecurity threats - Cybersecurity risk management is overseen by the Chief Technical Officer (CTO), who has **over 25 years of experience** in technology and information security[143](index=143&type=chunk) - The Board of Directors receives quarterly reports on cybersecurity risks and material incidents from the CTO[144](index=144&type=chunk) - The company has not identified any risks from cybersecurity threats that have materially affected or are reasonably likely to materially affect its business strategy, results of operations, or financial condition[142](index=142&type=chunk) [Properties](index=24&type=section&id=Item%202.%20Properties) As of March 24, 2025, Lazydays owns **5 properties** and leases **12 properties**, with its largest being a **126-acre** leased facility in Tampa, Florida - As of March 24, 2025, the company owns **5 properties** and leases **12 properties**[145](index=145&type=chunk) - The largest dealership property is located in Tampa, Florida, covering **126 acres** with a **384,000 square foot facility**; the lease for this property expires in 2035[146](index=146&type=chunk) [Legal Proceedings](index=24&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings not expected to materially affect its financial condition or operations - The company is a party to multiple legal proceedings from the ordinary course of business but does not expect a material adverse effect from their resolution[147](index=147&type=chunk) [Mine Safety Disclosures](index=24&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - None[148](index=148&type=chunk) [Part II](index=25&type=section&id=PART%20II) [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=25&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on Nasdaq under "GORV", has **not paid dividends**, and issued significant shares in late 2024 via a PIPE offering and preferred stock exchange - The company's common stock is listed on the Nasdaq Capital Market under the symbol "GORV"[150](index=150&type=chunk) - **No cash dividends have been paid, and none are planned for the foreseeable future**[152](index=152&type=chunk) - | Date | Common Stock Issued | | :--- | :--- | | November 15, 2024 | 45,748,450 | | December 27, 2024 | 49,866,710 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In FY2024, Lazydays faced significant financial challenges with a **$180.0 million** net loss and **19.5%** revenue decline, leading to strategic asset sales, a PIPE offering, and credit facility amendments [Recent Developments](index=27&type=section&id=Recent%20Developments) The company undertook strategic transactions in late 2024 and early 2025, including dealership sales to Camping World, a **$28.3 million** PIPE offering, and preferred stock exchange, amid a Nasdaq deficiency notice - Entered into agreements to sell seven dealerships and certain real estate to Camping World for **approximately $48.5 million** for the real estate and **$1.0 million per facility** for the assets; in March 2025, Camping World elected not to close on two of the locations[168](index=168&type=chunk)[171](index=171&type=chunk) - Raised net proceeds of **approximately $28.3 million** on November 15, 2024, by selling **29,126,212 shares** of common stock at **$1.03 per share** in a PIPE offering[174](index=174&type=chunk) - Exchanged **all 600,000 outstanding shares** of Series A Convertible Preferred Stock for **66,488,948 shares** of common stock, eliminating a liquidation preference of **approximately $68.5 million**[175](index=175&type=chunk)[176](index=176&type=chunk) - Received a Nasdaq deficiency notice on January 23, 2025, for its stock price being below the **$1.00** minimum bid requirement and has until July 22, 2025, to regain compliance[177](index=177&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) In 2024, total revenue decreased **19.5%** to **$871.6 million**, gross profit fell **29.7%**, and net loss widened to **$180.0 million** due to market contraction, discounting, and impairment charges - | Metric | 2024 | 2023 | Variance | % Change | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$871.6M** | **$1,082.7M** | **($211.2M)** | **(19.5)%** | | New Vehicle Revenue | $513.0M | $631.7M | ($118.7M) | (18.8)% | | Pre-owned Vehicle Revenue | $224.9M | $323.3M | ($98.4M) | (30.4)% | | **Total Gross Profit** | **$160.9M** | **$228.7M** | **($67.9M)** | **(29.7)%** | | Gross Margin | 18.5% | 21.1% | (260 bps) | | - New vehicle revenue decreased due to a **4.9%** drop in units sold and a **14.6%** decrease in average selling price per unit, as the company discounted older model year inventory[184](index=184&type=chunk)[186](index=186&type=chunk) - Pre-owned vehicle revenue decreased due to a **15.5%** drop in units sold and a **17.6%** decrease in average selling price; the company also recorded **$3.0 million** in write-downs on pre-owned inventory[187](index=187&type=chunk)[188](index=188&type=chunk) - Impairment charges totaled **$39.1 million** in 2024, primarily from a **$21.4 million** loss on assets held for sale and a **$17.7 million** impairment of definite-lived intangible assets associated with those dealerships[196](index=196&type=chunk) - Net loss widened to **$179.96 million** in 2024 from **$110.27 million** in 2023[206](index=206&type=chunk) - Adjusted EBITDA was **negative $58.7 million** in 2024, a sharp decline from a **positive $11.6 million** in 2023[206](index=206&type=chunk) [Liquidity and Capital Resources](index=34&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity is severely pressured, raising going concern doubts, with cash at **$24.7 million**, eliminated revolving credit, and reduced floor plan facilities, relying on operations and outside capital - The company's financial state raises **substantial doubt about its ability to continue as a going concern**; it incurred a **$180.0 million** net loss in 2024 and has no access to a revolving credit facility for general working capital[238](index=238&type=chunk)[239](index=239&type=chunk) - | Cash Flow Summary (in thousands) | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $94,354 | ($36,480) | | Net cash used in investing activities | ($8,128) | ($192,964) | | Net cash (used in) provided by financing activities | ($119,609) | $225,842 | | **Net decrease in cash** | **($33,383)** | **($3,602)** | - The M&T Credit Agreement was amended, permanently eliminating the ability to borrow under the Revolving Credit Facility; the Floor Plan Credit Facility commitment was reduced from **$400.0 million** to **$325.0 million**, and further to **$265.0 million** in March 2025[219](index=219&type=chunk)[222](index=222&type=chunk)[224](index=224&type=chunk) - The company has a term loan from Coliseum (a related party) with an outstanding principal of **$42.9 million** as of Dec 31, 2024; the loan is secured by most of the company's real estate[230](index=230&type=chunk)[232](index=232&type=chunk)[234](index=234&type=chunk) [Critical Accounting Policies and Estimates](index=40&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) Critical accounting policies involve significant judgment in intangible and long-lived asset impairment, leading to **$21.4 million** and **$17.7 million** charges in 2024, and LIFO inventory valuation - The company evaluates indefinite-lived intangible assets (trade names) for impairment annually or when trigger events occur, using a relief from royalty method; no impairment was recorded in 2024 for these assets[248](index=248&type=chunk) - Long-lived and definite-lived intangible assets are tested for impairment when circumstances indicate their carrying amount may not be recoverable; in 2024, this resulted in a **$21.4 million** loss on assets held for sale and a **$17.7 million** impairment on definite-lived intangibles associated with those dealerships[250](index=250&type=chunk) - Inventories are valued at the lower of cost or net realizable value, using the Last-In, First-Out (LIFO) method; the LIFO reserve was **$28.4 million** at the end of 2024, up from **$24.6 million** in 2023[251](index=251&type=chunk)[252](index=252&type=chunk) [Financial Statements and Supplementary Data](index=42&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the audited consolidated financial statements for 2023-2024, including the auditor's unqualified opinion with a going concern emphasis, detailing financial position, operations, and cash flows [Report of Independent Registered Public Accounting Firm](index=43&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) The auditor issued an unqualified opinion but highlighted **substantial doubt about the company's ability to continue as a going concern** due to losses and limited capital, identifying asset impairment testing as a critical audit matter - The auditor's report explicitly raises "**substantial doubt about the Company's ability to continue as a going concern**" due to recurring losses, current liabilities exceeding current assets, and lack of borrowing capacity[259](index=259&type=chunk) - Critical Audit Matters identified were the impairment testing of long-lived assets to be held and used, and the impairment testing of indefinite-lived intangible assets, both of which involve significant management judgment and estimates[263](index=263&type=chunk)[266](index=266&type=chunk)[268](index=268&type=chunk) [Consolidated Financial Statements](index=45&type=section&id=Consolidated%20Financial%20Statements) The 2024 consolidated financial statements show cash decreased to **$24.7 million**, a **$180.0 million** net loss, and negative **$119.6 million** financing cash flow, reflecting financial deterioration - | Balance Sheet (in thousands) | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Cash | $24,702 | $58,085 | | Total Assets | $675,830 | $937,739 | | Floor plan notes payable | $306,036 | $446,783 | | Total Liabilities | $602,481 | $724,549 | | Total Stockholders' Equity | $73,349 | $156,997 | - | Statement of Operations (in thousands) | Year Ended Dec 31, 2024 | Year Ended Dec 31, 2023 | | :--- | :--- | :--- | | Total Revenue | $871,562 | $1,082,747 | | Gross Profit | $160,855 | $228,742 | | Net Loss | ($179,963) | ($110,266) | | Loss Per Share (Basic) | ($8.90) | ($8.41) | [Notes to Consolidated Financial Statements](index=50&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail the going concern uncertainty, asset impairments (**$118.0 million** goodwill, **$17.7 million** intangibles), asset sales (**$21.4 million** loss), amended credit facilities, and significant equity transactions - Note 2 reiterates that conditions exist which raise **substantial doubt about the Company's ability to continue as a going concern**[286](index=286&type=chunk)[287](index=287&type=chunk)[288](index=288&type=chunk) - Note 8 discloses a full **$118.0 million** goodwill impairment charge in 2023 and a **$17.7 million** impairment of definite-lived intangible assets in 2024 related to dealerships held for sale[345](index=345&type=chunk)[348](index=348&type=chunk) - Note 9 details the assets and liabilities of dealerships held for sale, which resulted in a recorded loss of **$21.4 million** in 2024[357](index=357&type=chunk)[358](index=358&type=chunk) - Note 14 details the amended M&T Credit Agreement, which eliminated the revolving credit facility and reduced the floor plan facility to **$265.0 million** subsequent to year-end; it also details the **$35 million** term loan from related party Coliseum, which was increased by **$15 million** in May 2024[372](index=372&type=chunk)[378](index=378&type=chunk)[388](index=388&type=chunk)[390](index=390&type=chunk) - Note 19 describes the November 2024 PIPE offering that raised **approximately $28.3 million** and the exchange of **all 600,000 shares** of Series A Preferred Stock for common stock[407](index=407&type=chunk)[413](index=413&type=chunk) - Note 22 discloses subsequent events, including the closing of five dealership sales to Camping World in early 2025, Camping World's decision not to purchase two other locations, the Nasdaq deficiency notice, and a new non-binding letter of intent to sell three more stores to General RV Center[436](index=436&type=chunk)[437](index=437&type=chunk)[447](index=447&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=77&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes or disagreements with its accountants on accounting and financial disclosure - None[448](index=448&type=chunk) [Controls and Procedures](index=77&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded disclosure controls were **not effective** as of December 31, 2024, due to material weaknesses in IT general controls and accounting personnel turnover, with remediation efforts ongoing - Management concluded that disclosure controls and procedures were **not effective** as of December 31, 2024[450](index=450&type=chunk) - A material weakness exists due to ineffective design and implementation of IT general controls (ITGCs) in user access, program change management, and security administration[455](index=455&type=chunk)[457](index=457&type=chunk) - An additional material weakness was identified due to turnover in accounting positions, resulting in insufficient resources to perform financial reviews and maintain effective controls[455](index=455&type=chunk)[458](index=458&type=chunk) - Remediation efforts include hiring a new CFO and CTO, engaging third-party experts, and redesigning controls; however, the material weaknesses are not yet considered fully remediated[459](index=459&type=chunk)[461](index=461&type=chunk) [Other Information](index=79&type=section&id=Item%209B.%20Other%20Information) No officers or directors adopted or terminated Rule 10b5-1 trading arrangements in Q4 2024 - No officers or directors adopted or terminated Rule 10b5-1 trading arrangements in Q4 2024[462](index=462&type=chunk) [Part III](index=80&type=section&id=PART%20III) Part III incorporates information on directors, executive officers, corporate governance, compensation, security ownership, and related transactions by reference from the forthcoming 2025 proxy statement [Directors, Executive Officers and Corporate Governance](index=80&type=section&id=Item%2010.%20Directors%2C%20Executive%20Of%20icers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance, including the Code of Business Conduct, is incorporated by reference from the 2025 proxy statement - The company has adopted a Code of Business Conduct applicable to all directors, officers, and employees, which is available on its website[465](index=465&type=chunk) - All other information required by this item is incorporated by reference from the proxy statement for the 2025 annual meeting of stockholders[467](index=467&type=chunk) [Executive Compensation](index=80&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation information is incorporated by reference from the company's 2025 annual meeting proxy statement - Information is incorporated by reference from the proxy statement for the 2025 annual meeting of stockholders[468](index=468&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=80&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information for beneficial owners and management is incorporated by reference from the 2025 proxy statement - Information is incorporated by reference from the proxy statement for the 2025 annual meeting of stockholders[469](index=469&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=80&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on related party transactions and director independence is incorporated by reference from the 2025 proxy statement - Information is incorporated by reference from the proxy statement for the 2025 annual meeting of stockholders[470](index=470&type=chunk) [Principal Accounting Fees and Services](index=80&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Principal accounting fees and services information is incorporated by reference from the 2025 proxy statement - Information is incorporated by reference from the proxy statement for the 2025 annual meeting of stockholders[471](index=471&type=chunk) [Part IV](index=81&type=section&id=PART%20IV) [Exhibits, Financial Statement Schedules](index=81&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists financial statements, schedules, and exhibits filed with the Form 10-K, including key agreements like asset purchase, credit, and loan agreements - This section references the financial statements from Item 8 and confirms all required schedules are included within the financial statements or notes[473](index=473&type=chunk)[474](index=474&type=chunk) - A comprehensive list of exhibits is provided, including major contracts, credit agreements, and governance documents filed with the report[475](index=475&type=chunk)[476](index=476&type=chunk)[477](index=477&type=chunk) [Form 10-K Summary](index=83&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company has not provided a Form 10-K summary - None[479](index=479&type=chunk)

Lazydays Holdings, Inc. (LAZY) Q4 2024 Earnings Conference Call March 31, 2025 08:30 AM ET Company Participants Operator - Conference Call OperatorJeff Needles - Chief Financial OfficerRon Fleming - CEOAmber Dillard - Chief Operating Officer Operator Greetings and welcome to the Lazy Day RV Holdings 2024 Earnings Release Conference Call. At this time, all participants are on a listen-only mode. If anyone requires operator assistance during the conference, please press star zero on your telephone keypad. As ...

Financial Performance - Total revenue for Q4 2024 was $159.9 million, a decrease of 19.1% from $198.0 million in Q4 2023[2] - Total revenue for the fiscal year 2024 was $871.6 million, down 19.5% from $1,082.7 million in 2023[2] - Q4 2024 net loss was $96.1 million, an improvement from a net loss of $108.0 million in Q4 2023[3] - Net loss for the fiscal year 2024 was $180.0 million, compared to a net loss of $110.3 million in 2023[4] - Net loss per diluted share for the fiscal year 2024 was $8.90, compared to $8.45 in 2023[4] - The Company reported a net loss of $96,097,000 for the three months ended December 31, 2024, compared to a net loss of $107,965,000 for the same period in 2023[24] - The Company’s EBITDA for the three months ended December 31, 2024, was $(79,802,000), an improvement from $(121,963,000) in the same period of 2023[24] Adjusted EBITDA - Adjusted EBITDA for Q4 2024 was $(24.3) million, compared to $(10.7) million in Q4 2023[3] - Adjusted EBITDA for the fiscal year 2024 was $(58.7) million, down from $11.6 million in 2023[4] - Adjusted EBITDA for the three months ended December 31, 2024, was $(24,287,000), a decline from $(10,664,000) in the same period of 2023[24] Revenue and Sales Metrics - Gross profit margin for new vehicle retail decreased to 11.2% in Q4 2024 from 12.8% in Q4 2023[18] - Total retail units sold decreased to 2,068 in Q4 2024 from 2,428 in Q4 2023, representing a decline of 14.8%[18] - Average selling price for new vehicle retail increased to $80,801 in Q4 2024 from $78,600 in Q4 2023[18] - Average gross profit per retail unit for new vehicle retail decreased to $9,052 in Q4 2024 from $10,044 in Q4 2023[18] Assets and Liabilities - Total current assets decreased to $353,774,000 as of December 31, 2024, from $546,896,000 in 2023[19] - Total liabilities decreased to $602,481,000 as of December 31, 2024, from $724,549,000 in 2023[19] - Cash at the end of the period decreased to $24,702,000 in 2024 from $58,085,000 in 2023[20] - The company reported a significant increase in inventories, with a net value of $211,946,000 in 2024 compared to $456,087,000 in 2023[19] Impairment and Charges - The company recognized impairment charges of $39.1 million related to assets held for sale in Q4 2024[3] - The Company incurred impairment charges of $39,093,000 for both the three months and year ended December 31, 2024, consistent with the previous year[24] Other Financial Metrics - Interest expense, net, increased to $11,245,000 for the three months ended December 31, 2024, from $10,774,000 in 2023[24] - Depreciation and amortization expenses remained stable at approximately $5,038,000 for the three months ended December 31, 2024, compared to $5,048,000 in 2023[24] - The Company experienced a significant change in income tax expense, reporting $12,000 for the three months ended December 31, 2024, compared to a benefit of $(29,820,000) in 2023[24] - The loss on the sale of property and equipment was $1,438,000 for the three months ended December 31, 2024, compared to $10,000 in 2023[24] - The Company reported a LIFO adjustment of $3,765,000 for the three months ended December 31, 2024, compared to a negative adjustment of $(297,000) in 2023[24] - Stock-based compensation expense was $256,000 for the three months ended December 31, 2024, up from $183,000 in 2023[24] Strategic Actions - The company plans to divest three store locations to strengthen its balance sheet and reduce indebtedness[6] - Recent sales of facilities to Camping World included locations in Elkhart, Indiana, and Surprise, Arizona, among others[7]

Core Viewpoint - Lazydays Holdings, Inc. has appointed Jeff Needles as the new Chief Financial Officer, effective January 6, 2025, succeeding Interim CFO Jeff Huddleston [1][2] Group 1: Leadership Changes - Jeff Needles brings over 20 years of financial management experience, having previously served as CFO at Warbird Marine Holdings and held positions at United Enertech Holdings, Schnellecke Logistics USA, Mastercraft Boat Company, and Harley Davidson Motor Company [4] - The transition comes at a crucial time for Lazydays, which has recently completed a series of financing transactions and is pursuing further transformational actions [3][4] Group 2: Company Background - Lazydays RV has been a significant player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences [6] - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a comprehensive range of accessories and parts, positioning itself as a go-to destination for RV enthusiasts [7]

Core Viewpoint - Lazydays Holdings, Inc. reported disappointing third-quarter 2024 results, with both earnings and revenues missing expectations, leading to a 5.3% decline in share price during after-hours trading [1]. Financial Performance - The company reported an adjusted loss per share of $1.27, which was wider than the Zacks Consensus Estimate of a loss of 89 cents, compared to a loss of 29 cents per share in the same quarter last year [3]. - Total revenues for the quarter were $213.5 million, falling short of the Zacks Consensus Estimate of $228 million, and representing a year-over-year decline of 23.9% [4]. - New vehicle retail sales decreased by 29.3% year over year to $122.3 million, driven by a 13.1% drop in average selling price per retail unit and an 18.6% decrease in units sold [5]. - Pre-owned vehicle retail revenues declined by 19.8% to $60.2 million, while service, body, and parts revenues fell by 9.5% to $12.9 million [5]. Gross Margin and Balance Sheet - The company's gross margin improved by 180 basis points year over year to 21.2%, although gross margins for new and pre-owned vehicle retail decreased by 160 and 230 basis points to 9.2% and 18.2%, respectively [6]. - As of September 30, 2024, cash reserves were $13.5 million, down from $58.1 million at the end of fiscal 2023, while long-term debt slightly decreased to $27.6 million from $28.1 million [7]. Market Position - Lazydays Holdings, Inc. currently holds a Zacks Rank of 2 (Buy) [8].

Core Viewpoint - Camping World Holdings, Inc. is acquiring seven dealerships from Lazydays Holdings, Inc., enhancing its market presence and product offerings in the RV sector [1][2]. Acquisition Details - The acquisition includes locations in Surprise, AZ, Murfreesboro, TN, Sturtevant, WI, Council Bluffs, IA, Elkhart, IN, Portland, OR, and Woodland, WA [1]. - The transaction is valued at approximately book value, with a net cash outlay expected to be between $10 million and $20 million after real estate financing [1]. Market Opportunity - The market within a 50-mile radius of each dealership accounts for over 65,000 new and used RV units sold annually, indicating significant growth potential for market share expansion [3]. - The acquired locations generated nearly $200 million in revenues over the trailing twelve months, showcasing their financial viability despite a challenging RV market [3]. Company Performance - Camping World shares have increased by 15.9% in the past six months, outperforming the Zacks Leisure and Recreation Services industry's growth of 11% [4]. - The company benefits from strong same-store sales and ongoing acquisitions, although it faces challenges from high costs and price fluctuations [4]. Strategic Focus - Camping World is focused on strategic investments in acquisitions to expand its footprint and maximize working capital returns [6]. - In the first nine months of 2024, the company acquired nine locations for approximately $69.4 million [6]. Future Plans - For 2025, Camping World plans to rebuild its used vehicle business and maintain its leadership in the RV market, with a Zacks Consensus Estimate indicating 7% sales growth and 357.5% EPS growth year-over-year [7].