Lazydays Holdings Inc (NAS:GORV)

Q4 2024 Lazydays Holdings Inc Earnings Call Transcript

Mar 31, 2025 / 12:30 PM GMT

Release Date Price: $9.73 (-30.83%)

Transcript 10-K8-K

Key Points

Positve

Lazydays Holdings Inc (GORV) completed a comprehensive recapitalization, enhancing their capital structure and reducing debt.
The company successfully sold five dealerships to Camping World, retaining a $10 million nonrefundable deposit for two locations not closed by the buyer.
Lazydays Holdings Inc (GORV) signed a letter of intent with General RV Center to divest three locations, potentially adding meaningful cash to their balance sheet.
The company saw improved gross profit per unit sold, reflecting the benefits of inventory actions taken throughout 2024.
Finance penetration remained strong at approximately 73%, with FNI revenue per unit up 3% relative to the third quarter of 2024.

Negative

New unit sales declined by 7% in the fourth quarter, with pre-owned retail unit sales down 23%.
Net sales for the quarter decreased by $38 million or 19%, reflecting planned lower volumes.
Total gross margin decreased to 19% in the fourth quarter compared to 21% in the third quarter of 2024.
SGNA expenses increased to $53 million due to higher transaction and legal expenses related to restructuring.
The company reported an adjusted EBITDA loss of $24 million, compared to a loss of $11 million in the prior year period.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GORV.OQ - Lazydays Holdings Inc
Q4 2024 Lazydays Holdings Inc Earnings Call
Mar 31, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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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 0 on your telephone keypad. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mr. Jeff Needles, Chief Financial Officer. Mr. Needles, please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Good morning, everyone, and welcome to Lazy Day's 4th quarter and fiscal 2024

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