Lazydays Shares Climb After Upbeat Preliminary Q2 Results

by Shivani Kumaresan, Benzinga Staff Writer

July 13, 2021 10:33 AM | 1 min read |

Recreation vehicle (RV) operator Lazydays Holdings Inc LAZY reported preliminary second-quarter revenue growth of 50.9% year-on-year to $322.8 million, versus a consensus of $265.37 million.
Adjusted EBITDA increased 177% Y/Y to $41.3 million in the quarter. Adjusted EBITDA margin was 12.8%.
RV unit sales grew 43% Y/Y to 4,208 units.
The company held $104.3 million in cash balance as of June 30, 2021.
"Our growth strategy continues to drive strong results and outpace the market," said CEO William P. Murnane.
Price action: LAZY shares are trading higher by 5.27% at $21.37 on the last check Tuesday.

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