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 .
Wed Feb 28, 2018
Camping World Holdings Inc. reported a 32.9 percent gain for the fourth quarter ending Dec. 31, with revenues increasing to $889 million, according to a corporate press release.
Gross profit increased 37.1 percent to $266.6 million, the company says, and gross margin increased 92 basis points to 30 percent. Income from operations increased 37.9 percent to $44.3 million and operating margin increased 28 basis points to 7.4 percent.
“We had a very strong fourth quarter and fiscal year and are pleased with the continued performance of our business and underlying trends in the RV market,” says Marcus Lemonis, chairman and CEO. “Demand for towable and smaller recreational vehicles remained strong throughout 2017, and we made the strategic decision to carry a little more inventory in order to drive volumes and gain market share in the final months of the year. This decision paid off and we generated record fourth quarter revenue and Adjusted EBITDA.”
Net loss was $52.5 million and included a $99.8 million tax receivable liability adjustment to other income and $165.4 million of income taxes related to changes stemming from the U.S. tax reform enacted in December 2017, the release states.
The read the entire quarterly statement, CLICK HERE.