NASDAQ$GORV

Lazydays Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results for the third quarter ended September 30, 2022.

Lazydays reported a revenue increase to $333.8 million from $318.7 million in the third quarter of 2021. Net income per diluted share was $0.35, compared to $1.16 in the third quarter of 2021. Net income for the quarter was $7.7 million, compared to $31.0 million in the third quarter of 2021.

  • Third quarter revenue increased to $333.8 million from $318.7 million in the third quarter of 2021.
  • Net income per diluted share was $0.35 compared to $1.16 in the third quarter of 2021.
  • Adjusted net income per diluted share was $0.54 compared to $1.16 for the same period in 2021.
  • Acquired Dave’s Claremore RV in Tulsa, Oklahoma in July 2022.

Headline financials

Total Revenue

$334M

Previous: $319M+4.7%
EPS (adj)

$0.54

Previous: $1.16-53.4%
Capital Expenditures

-$23.5M

Previous: -$16.9M-39.0%
Free Cash Flow

-$31M

Previous: $69.3M-144.7%
Net Income

$7.67M

Previous: $31M-75.2%
Operating Income

$15.8M

Previous: $38.1M-58.5%
Gross Profit

$75.8M

Previous: $90.3M-16.0%
Cash & Equivalents

$101M

Previous: $67M+50.3%
Total Assets

$797M

Previous: $562M+41.7%
Stock-Based Comp

$831K

Previous: $132K+529.5%

Revenue & EPS history

Lazydays · Revenue · Quarterly

$334M

Q3 2022+4.7%vs Q3 2021
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

Lazydays · $266M total across 4 segments · Q3 2023

  • New Vehicle Retail
    $173M
  • Pre-Owned Vehicle Retail
    $75.1M
  • Finance and Insurance
    $16.5M
  • Vehicle Wholesale
    $2.06M

Forward guidance

The company estimates the locations acquired in July and October will add anticipated annual revenues of over $60 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports

Historical avg

-2.5%

Avg return

Earnings day

-9.6%

Avg return

5 days after

-12.6%

Avg return

30 days after

34%

10 / 29 earnings

Positive

+23.4%

Q1 2020

Best reaction

-30.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025-19.6%-30.4%
Q2 2025-3.6%-16.2%-41.8%
Q1 2025-14.2%+17.1%+53.5%
Q4 2024-30.8%-52.1%-57.9%
Q3 2024-20.3%-9.8%-32.0%
Q2 2024-7.6%-22.6%-40.6%
Q1 2024-4.4%-1.6%-16.4%
Q4 2023+18.2%+18.7%+1.1%
Q3 2023-9.3%-7.3%+18.1%
Q2 2023+4.2%+2.4%-10.1%
Q1 2023-4.8%-9.2%-3.5%
Q4 2022-7.9%-3.9%-8.9%
Q3 2022+8.9%
Q2 2022+1.1%
Q1 2022-1.9%
Q4 2021+17.4%
Q3 2021-2.2%
Q2 2021+18.9%
Q1 2021-7.0%
Q4 2020-4.1%
Q3 2020+6.9%
Q2 2020-3.7%
Q1 2020+23.4%
Q4 2019-21.5%
Q3 2019+14.4%
Q2 2019+3.4%
Q1 2019-5.6%
Q4 2018-7.7%
Q3 2018-14.3%

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