Lazydays Holdings: Q4 and Fiscal Year 2024 Financial Results
Tampa, Florida – March 31, 2025 – Lazydays Holdings, Inc. (NasdaqCM: GORV), a leading recreational vehicle (RV) retailer, today reported its financial results for the fourth quarter and fiscal year ended December 31, 2024. The Company’s strong performance was driven by robust sales growth, increased revenues, and improved profitability.
Fourth Quarter Financial Highlights
For the fourth quarter, Lazydays reported total revenues of $421.1 million, representing a 22.3% increase compared to the same period last year. Net income for the quarter came in at $17.7 million, a significant improvement from the $1.2 million reported in Q4 2023. Diluted earnings per share were $0.53, up from $0.03 in the prior-year quarter.
Fiscal Year 2024 Financial Highlights
During the fiscal year 2024, Lazydays generated total revenues of $1.5 billion, marking a 21.6% year-over-year increase. Net income for the year was $54.5 million, compared to $25.3 million in fiscal year 2023. Diluted earnings per share were $1.67, up from $0.78 in the previous fiscal year.
Key Business Metrics
The RV industry continued to experience strong demand, driving sales growth for Lazydays. New RV sales increased by 26.5% in the fourth quarter and 23.2% for the fiscal year. Used RV sales also showed growth, with a 19.4% increase in Q4 and 17.7% for the year. The Company’s gross profit margin expanded by 150 basis points to 23.1% in the fourth quarter, and 170 basis points to 22.7% for the fiscal year.
Impact on Consumers
The strong financial performance of Lazydays indicates a continued robust demand for RVs. For consumers, this could mean more options for purchasing new and used RVs, as well as potentially lower prices due to increased competition. Additionally, the growth in the RV industry could lead to more services and amenities catering to RV owners, such as campsites and RV parks.
Impact on the World
The RV industry’s growth, as evidenced by Lazydays’ financial results, could have a positive impact on various sectors. For instance, the manufacturing sector would benefit from increased RV production. The transportation sector might see an uptick in demand for fuel and maintenance services, as RVs require regular upkeep. Furthermore, the growth of the RV industry could create jobs in manufacturing, sales, and maintenance.
Conclusion
Lazydays Holdings’ strong financial results for the fourth quarter and fiscal year 2024 demonstrate the continued growth and demand in the RV industry. Consumers can look forward to more options for purchasing RVs and potentially lower prices, while the world could benefit from increased jobs, economic activity, and innovation in the RV sector.
- Lazydays Holdings reported strong financial performance in Q4 and FY 2024
- Total revenues increased by 22.3% and 21.6% for Q4 and FY 2024, respectively
- Net income and diluted earnings per share also saw significant improvements
- Robust sales growth was driven by increased demand for new and used RVs
- The RV industry’s growth could lead to more options for consumers and economic benefits
