Welcome to our dedicated page for Lazydays Holdings news (Ticker: LAZY), a resource for investors and traders seeking the latest updates and insights on Lazydays Holdings stock.
Lazydays, symbol LAZY, is a renowned leader in the recreational vehicle (RV) industry. Founded in 1976, Lazydays has grown to become the world’s largest RV dealership with prominent locations in Tampa, FL, and Tucson, AZ. As America’s RV destination, Lazydays provides a comprehensive range of RV services, offering an unmatched selection of RV brands such as Airstream, Fleetwood RV, Winnebago, and many others. With over 1,700 RVs available, Lazydays caters to every budget and preference.
Lazydays is committed to delivering an exceptional customer experience, as evidenced by the nearly one million RV enthusiasts who visit annually. The company prides itself on providing outstanding service and expertise, ensuring that both seasoned RVers and newcomers can maximize their RV lifestyle.
In recent financial updates, Lazydays reported a revenue decline to $280.7 million in Q3 2023, a net loss of $5.6 million, and an adjusted net loss of $2.9 million. Despite these challenges, Lazydays continues to expand, acquiring Buddy Gregg Motorhomes, Century RV, and RVzz, and opening new locations in Wilmington, Ohio, Fort Pierce, FL, and Surprise, AZ. This strategic approach to growth is expected to add significant revenue in the coming years.
With a robust selection of RV brands, state-of-the-art service facilities, and a dedication to customer satisfaction, Lazydays remains a pivotal player in the RV market. The company’s financial strategies, including a $35 million mortgage loan facility, position it well for future growth and stability. With a recent rebranding initiative, Lazydays is set to enhance its digital retail experience and solidify its standing as the go-to destination for RV enthusiasts.
Lazydays Holdings, Inc. (NasdaqCM: LAZY) announced a Business Update conference call scheduled for May 26, 2021, at 10:00 AM ET to discuss business results and developments. Interested participants can register online or via phone. The call will be accessible via a live audio webcast and later archived on the company's Investor Relations website. Lazydays RV, known for exceptional customer service in the RV industry, continues to expand its locations through acquisitions and new sites. Key risks and uncertainties affecting future results include economic conditions and the impacts of COVID-19.
Lazydays Holdings, Inc. (NASDAQ: LAZY) announced a letter of intent to acquire B. Young RV, which operates two dealerships in Portland, Oregon, and Vancouver, Washington. This acquisition aligns with Lazydays' strategy for geographic expansion in the Pacific Northwest, a significant RV market. The deal is expected to close within 90 days. Lazydays currently has twelve dealerships across several states, aiming to enhance its presence and market share in the RV industry.
Lazydays Holdings, Inc. (LAZY) announced preliminary results for Q1 2021, reporting revenue of $271 million, up $80 million from Q1 2020. Net income surged to $15 million, reflecting a $12.1 million increase year-over-year. Adjusted EBITDA reached a record $27.8 million, marking a 192% rise compared to last year. RV unit sales increased by 32% to 3,197 units. The cash balance improved to $79.5 million. Demand remains strong with high pending sales backlogs and a robust growth pipeline.
Lazydays Holdings, Inc. (NASDAQCM: LAZY) announced its acquisition of Chilhowee RV Center near Knoxville, Tennessee, on March 23, 2021. This move supports Lazydays' geographic expansion strategy, allowing it to establish dedicated Airstream dealerships in Knoxville and Nashville. The acquisition is part of a broader growth trend, marking the fifth such transaction in eleven months. Lazydays operates multiple dealerships across several states and plans further expansion, including a new location in Monticello, Minnesota, and another acquisition in Reno, Nevada.
Lazydays Holdings, Inc. (NASDAQCM: LAZY) reported an 8-K filing revealing that on March 17, 2021, two institutional investors exercised warrants for 1,005,308 shares, generating approximately $11.3 million in cash proceeds. This transaction applied a 2% discount from the original exercise price of $11.50. CFO Nicholas Tomashot stated this cash boost strengthens the balance sheet and supports ongoing geographic expansion. Lazydays plans to open additional dealerships in multiple states, including Minnesota and Tennessee, while maintaining a robust operational footprint.
Lazydays Holdings (LAZY) reported strong financial results for Q4 and the fiscal year 2020, with revenues reaching $196.6 million in Q4, marking a 35.7% increase from the previous year. RV sales surged, accounting for $176.6 million in Q4, up 39.6%. Adjusted EBITDA rose by 370% to $15.5 million for the quarter. The company noted a historical backlog of pending sales, indicating robust demand and a positive impact on future revenue. Cash at year-end stood at $63.5 million, despite recent investments in growth initiatives.
Lazydays Holdings, Inc. (LAZY) will announce its 2020 fourth quarter financial results on March 18, 2021, before market opening. A conference call is scheduled for the same day at 10:00 AM ET, available via online registration and telephonically. This announcement follows the company's ongoing geographic expansion strategy, involving acquisitions and new locations. Attracting attention, this move may significantly impact investor perception and future performance, especially considering the risks outlined related to economic conditions and the COVID-19 pandemic.
Lazydays, The RV Authority, announces the opening of 'Airstream of Nashville at Lazydays RV', marking its third dedicated Airstream dealership in the U.S. Scheduled to open in Summer 2022, the Nashville location will feature an Airstream showroom, sales staff, and service technicians. The company is also planning additional Airstream dealerships in Ramsey, Minnesota, and Knoxville, Tennessee. Currently, Lazydays operates eleven dealerships across Florida, Colorado, Arizona, Minnesota, Tennessee, and Indiana, with plans for further geographic expansion.
Lazydays, The RV Authority, announced the opening of "Airstream of Knoxville" in Tennessee, marking its second dedicated Airstream dealership in the U.S. This follows the planned launch of another Airstream dealership in Ramsey, Minnesota. The Knoxville location will feature a dedicated showroom, sales staff, and service technicians. Lazydays operates eleven dealerships across several states and is pursuing further expansions, including acquisitions in Reno, Nevada, and Knoxville, Tennessee. The company aims to enhance Airstream's market share while providing an exceptional customer experience.
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