RVIA Economic Impact Study

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 .

Camping World Files Secondary Offering with SEC

Fri Mar 31, 2017

145434773794726.pngCamping World Holdings Inc. has filed with the U.S. Securities and Exchange Commission for a secondary offering. The company intends to offer 7 million shares, with an overallotment option for an additional 1 million shares. At the most recent closing price of $31.72, the entire offering is valued up to $253.76 million.

The underwriters for the offering are Goldman Sachs and JPMorgan.

The company believes that it is the only provider of a comprehensive portfolio of services, protection plans, products and resources for recreational vehicle enthusiasts, according to a press release by Yahoo Finance. Roughly 9 million households in the United States own an RV, and of that installed base, it has about 3.3 million active customers.

Camping World generates recurring revenue by providing RV owners and enthusiasts the full spectrum of services, protection plans, products and resources that it believes are essential to operate, maintain and protect their RV and to enjoy the RV lifestyle. The firm provides these offerings through its two iconic brands: Good Sam and Camping World.

In terms of its finances, the company detailed in the filing:

The Active Customer database had about 3.3 million customers on Dec, 31, 2016, representing a 6.4 percent five-year compound annual growth rate (CAGR).

The total revenue was $3.5 billion for the fiscal year ended Dec. 31, 2016, representing a 17.4 percent five-year CAGR.

The net income was $203.2 million for the fiscal year ended Dec. 31, 2016, representing a 48 percent five-year CAGR.

The Adjusted EBITDA was $291.3 million for the fiscal year ended Dec. 31, 2016, representing a 22.5 percent five-year CAGR.

The selling stockholders will receive all the proceeds from this offering.