Lazydays (LAZY)

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Lazydays (LAZY) - 2024 Q4 - Annual Report
2025-03-31 20:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION (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, 2024 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) Washington, D.C. 20549 FORM 10-K | Delaware ...
Lazydays (LAZY) - 2024 Q4 - Earnings Call Transcript
2025-03-31 12:30
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 ...
Lazydays (LAZY) - 2024 Q4 - Annual Results
2025-03-31 11:27
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]
Lazydays Appoints Jeff Needles as Chief Financial Officer
Prnewswire· 2025-01-06 13:30
TAMPA, Fla., Jan. 6, 2025 /PRNewswire/ -- Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: GORV) announced that Jeff Needles has been appointed Chief Financial Officer ("CFO"), effective January 6, 2025. Mr. Needles, the former CFO of Warbird Marine Holdings, LLC, will oversee the Company's financial operations including finance, accounting, treasury, SEC reporting, and financial planning and analysis. Mr. Needles will report to Ron Fleming, Interim CEO of Lazydays.Mr. Needles succeeds Inter ...
Lazydays Q3 Earnings & Revenues Miss Estimates, Decline Y/Y
ZACKS· 2024-11-19 15:20
Lazydays Holdings, Inc. (GORV) reported third-quarter 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimate. Both the top and bottom lines decreased year over year. Following the results, the company’s shares declined 5.3% in the after-hours trading session yesterday.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.GORV Q3 Earnings and RevenuesLazydays reported an adjusted loss per share of $1.27, wider than the Zacks Consensus Estimate of a loss of 89 cents ...
Lazydays (LAZY) - 2024 Q3 - Quarterly Results
2024-11-19 00:39
Exhibit 99.1 LAZYDAYS REPORTS THIRD QUARTER 2024 RESULTS Tampa, FL (November 18, 2024) – Lazydays Holdings, Inc. (Nasdaq: GORV) today announced its third quarter 2024 earnings results. Ron Fleming, Interim CEO, said, "Despite challenging financial results during the third quarter, which continued to be impacted by economic and other industry-wide demand headwinds, we are very encouraged by the completion of last week's recapitalization transactions. These transformative transactions have fortified the Compa ...
Lazydays (LAZY) - 2024 Q3 - Quarterly Report
2024-11-18 21:48
Table of Contents Delaware 82-4183498 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, 2024 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 Sp ...
Camping World Expands Reach With Seven Lazydays Dealership Acquisition
ZACKS· 2024-11-18 15:41
Camping World Holdings, Inc. (CWH) has entered into an agreement to acquire seven dealerships from Lazydays Holdings, Inc. The company will acquire locations in Surprise, AZ, Murfreesboro, TN, Sturtevant, WI, Council Bluffs, IA, Elkhart, IN, Portland, OR and Woodland, WA.This transaction is estimated to be valued at approximately book value, with Camping World expecting a net cash outlay between $10 million and $20 million after real estate financing proceeds.This acquisition allows Camping World to enhance ...
LAZYDAYS ANNOUNCES COMPREHENSIVE RECAPITALIZATION AND ASSET SALES RESULTING IN SIGNIFICANTLY STRENGTHENED BALANCE SHEET AND STREAMLINED OPERATIONAL FOOTPRINT
Prnewswire· 2024-11-15 15:45
Transactions meaningfully reduce debt, interest and preferred stock dividend payments, add substantial cash to the balance sheet, and position Lazydays to return to profitability Company expected to have $35 million of cash, bringing net debt down to $26 millionTAMPA, Fla., Nov. 15, 2024 /PRNewswire/ -- Lazydays Holdings, Inc. ("Lazydays," the "Company," "we" or "us") (NasdaqCM: GORV) today announced a series of transformative transactions designed to provide the Company with a significantly strengthened ...
LAZYDAYS APPOINTS AMBER DILLARD CHIEF OPERATING OFFICER
Prnewswire· 2024-09-17 13:00
Ron Fleming, Interim CEO of Lazydays said, "I have worked with Amber for over a decade and am extraordinarily pleased to see her continue to exceed expectations and further extend her contributions to Lazydays. In her new and expanded role, Amber will continue to lead our work with our OEM partners and dealership General Managers to drive operational performance and meet the needs of our customers." Ms. Dillard said, "it has been a privilege to continue to grow within the Lazydays organization. Over the las ...