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Sep 30, 2022

Lazydays Q3 2022 Earnings Report

Reported financial results for the third quarter ended September 30, 2022.

Key Takeaways

Lazydays reported a revenue increase to $333.8 million from $318.7 million in the third quarter of 2021. Net income per diluted share was $0.35, compared to $1.16 in the third quarter of 2021. Net income for the quarter was $7.7 million, compared to $31.0 million in the third quarter of 2021.

Third quarter revenue increased to $333.8 million from $318.7 million in the third quarter of 2021.

Net income per diluted share was $0.35 compared to $1.16 in the third quarter of 2021.

Adjusted net income per diluted share was $0.54 compared to $1.16 for the same period in 2021.

Acquired Dave’s Claremore RV in Tulsa, Oklahoma in July 2022.

Total Revenue
$334M
Previous year: $319M
+4.7%
EPS
$0.54
Previous year: $1.16
-53.4%
Gross Profit
$71.6M
Previous year: $86.5M
-17.2%
Cash and Equivalents
$101M
Free Cash Flow
$13.5M
Previous year: -$5.35M
-351.6%
Total Assets
$797M
Previous year: $562M
+41.7%

Lazydays

Lazydays

Forward Guidance

The company estimates the locations acquired in July and October will add anticipated annual revenues of over $60 million.