NEWS RELEASES
Editor's Note: This news item was retrieved and first published through PR Newswire's website.
TAMPA, Fla. (PRNewswire) - Lazydays Holdings, Inc. (NasdaqCM: LAZY) announced financial results for the fourth quarter and fiscal year ended December 31, 2019 and provided some updates and highlights regarding the first quarter ending March 31, 2020. As reported in a press release, Lazydays RV's 2020 first quarter shows that 85% of the quarter has experienced a significant increase in demand across all of its dealerships. Lazydays expects unit volume, revenue and adjusted EBITDA to show strong double digit year-over-year growth in the quarter. In addition, on February 17, 2020, the company announced the opening of its first dedicated service center in the Houston, Texas metro area. The order backlog and staffing levels are ramping according to plan. To recap, revenues for the fourth quarter were $144.9 million; up $19.1 million, or 15.1%, versus 2018. Revenue from sales of recreational vehicles was $126.5 million for the fourth quarter, up $16.4 million, or 14.9%, versus 2018.
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