Lazydays Holdings, Inc.’s preliminary fourth-quarter results show the dealership posting large increases in revenue and profits.
Preliminary revenue for the quarter ending Dec. 31 rose 156% to $323 million, up $126 million compared with the fourth quarter of 2020. Fourth-quarter profits rose 595% to $15.3 million, up $13.1 million when compared with fourth quarter 2020 profits of $2.2 million.
Adjusted earnings increased 110% to $32.7 million. The company reported $15.5 million in earnings in the fourth quarter of 2020.
RV unit sales increased 50.6% to 3,211 units in the fourth quarter of 2021. There were 2,132 units sold in the fourth quarter of 2020.
Lazydays’ total revenue increased 64% to $322.5 million compared to $196.6 million in the fourth quarter of 2020.
The news follows a record-breaking third quarter with adjusted earnings reported to be about $41.5 million, more than doubling the earnings reported for third quarter 2020.
