Lazydays Holdings Inc. said its preliminary financial expectations are to post record revenues in the third quarter of 2021.
The dealership group said third-quarter preliminary revenues rose 47.8% from the third quarter of 2020 and 101% from the third quarter of 2019.
Profits rose 716.2% from the third quarter of 2020.
“We are very pleased to set a new all-time quarterly EBITDA record for Lazydays, surpassing the $41.3 million record we set in the second quarter of this year,” company Chairman and CEO William P. Murnane said. “More importantly, our growth strategy continues to drive strong year over year results that outpace the market. Our revenue is up 48% and EBITDA has more than doubled versus what was then a strong third quarter 2020.”
Lazydays said preliminary results found RV sales up 35% in the third quarter from the third quarter of 2020 and up 81% from the third quarter of 2019.
“Dealership inventory levels increased slightly during the quarter,” Lazydays stated, “but remain well below historical and target levels. Customer demand remained strong during the quarter.”
