The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Mon Nov 14, 2016
LINCOLNSHIRE, Illinois - Camping World Holdings, Inc. reported a 4.6 percent increase in its total revenue for the third quarter, as well as an 8.8 percent increase to the gross profit.
Highlights of the report include:
-Total revenue increased 4.6 percent to $1.01 billion
-Gross profit increased 8.8 percent to $282.1 million and gross margin increased 110 basis points to 28 percent
-Income from operations increased 14.4 percent to $87 million and operating margin increased 74 basis points to 8.6 percent
-Net income increased 17.7 percent to $67.7 million and net income as a percentage of revenue increased 75 basis points to 6.7 percent
-Pro forma earnings per unit increased 17.7 percent to $0.94
-Adjusted EBITDA increased 16.1 percent to $89.5 million and Adjusted EBITDA margin increased 88 basis points to 8.9 percent
“We are very pleased with our third quarter results and the underlying trends across our business," Camping World Chairman and CEO Marcus Lemonis says. "We believe we have built a unique business that is capable of delivering sustainable long-term earnings and cash flow growth through a diversified operating model that offers a comprehensive portfolio of RV-related services, protection plans, products and resources across a growing base of proprietary customers. We believe we are the only provider of a full suite of RV-related services and products and are operating the largest national network of RV-centric retail locations in the United States.
"As a result, we believe we are well positioned to benefit from continued growth in the installed base of RV owners that is being partially driven by higher levels of first-time buyers and new younger consumers, as well as the aging of the baby boomer demographic. Continued expansion of our business to include younger consumers is benefiting our overall margins and flow-through to our bottom line. We believe our third quarter results, where net income increased 17.7 percent on a 4.6 percent increase in revenue over last year’s third quarter results, demonstrate the strength in our underlying model and the positive trends in our business.”
To view the entire report, click on the link below.