Lazydays’ preliminary first-quarter 2022 results showing the RV dealership group expects record earnings and RV unit sales.
Lazydays projects first-quarter 2022 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 61% to a record $44.8 million compared with $27.8 million in the first quarter of 2021.
RV unit sales increased 17% to 3,748 units versus 3,195 units in the first quarter of 2021. The total would be record first-quarter unit sales and would be the second-highest quarterly total in company history, behind the 4,208 sold in the second quarter of 2021.
Total revenue is projected to increase 39% to $376 million compared with $271 million in the first quarter of 2021. The total would be a quarterly company record, topping the $322.8 million recorded in the second quarter of 2021.
Lazydays ended the quarter with a cash balance of $89.6 million.
Founded in 1976, Lazydays provides RV sales, service, accessories and ownership experience to customers.
