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Lazydays Holdings (GORV)
NASDAQ:GORV
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$1.09Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: -23.01%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were significant strategic and financial restructuring efforts that strengthened the company's financial foundation and improved capital structure, these were offset by substantial revenue declines and operational challenges, particularly due to natural disasters and market headwinds. The sentiment reflects cautious optimism about the future, given the strengthened capital position, but acknowledges the current economic and operational difficulties.Company Guidance
During the GORV earnings call for Q3 2024, several key metrics and strategic changes were highlighted to strengthen Lazydays Holdings' financial position and operational focus. The company reported a total revenue of $213.5 million for the quarter, marking a 23.9% decrease compared to the same period in 2023. New unit sales declined by 18.6%, while gross profit per unit excluding LIFO saw a 26.1% decrease. Despite these challenges, the company achieved a 15.9% increase in finance and insurance average gross profit per unit. Lazydays executed transformative transactions, including selling seven dealerships for $65.6 million and closing a $30 million common equity PIPE, which contributed to a significant liquidity improvement, raising available cash to approximately $35 million. Additionally, debt reduction measures are expected to save around $16 million annually in interest expenses and preferred dividends. These strategic moves have removed the going concern status from their financial reports, reflecting newfound stability and positioning the company for future growth.Transformative Transactions
The company announced a series of transformative transactions, including changes to capital structure and sales of certain assets, providing a significantly strengthened financial foundation and a more focused dealership portfolio.
Strengthened Capital Structure
Lazydays closed a $30 million common equity PIPE, providing immediate additional liquidity. Plans to launch a $25 million rights offering are also underway, with further simplification of capital structure by eliminating preferred stock liquidation preference of $68 million and annual preferred dividend requirements of $9 million.
Financial Covenant Flexibility
Executed an amendment to the credit facility with M&T Bank, providing significant financial covenant flexibility through the first quarter of 2026, allowing the company to continue operational turnaround efforts.
Finance and Insurance Revenue Resilience
Finance and insurance revenue was slightly down by only 0.8% for the quarter, with F&I average gross profit per unit increasing by 15.9%.
Gross Profit Margin Increase
Gross profit margin increased to 21.2% during the quarter, an improvement of 180 basis points compared to last year's third quarter.
Removal of Going Concern
As a result of the recapitalization and asset sale transactions, the company is now able to remove the going concern warning, reflecting improved financial stability.
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GORV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GORV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $1.13 | $0.90 | -20.35% |
| May 15, 2024 | $3.66 | $3.66 | 0.00% |
| Mar 08, 2024 | $3.79 | $4.29 | +13.19% |
| Nov 03, 2023 | $6.46 | $6.31 | -2.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lazydays Holdings (GORV) report earnings?
Lazydays Holdings (GORV) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Lazydays Holdings (GORV) earnings time?
Lazydays Holdings (GORV) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GORV EPS forecast?
Currently, no data Available
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