Latest news with #RonFleming
Yahoo
3 days ago
- Business
- Yahoo
LAZYDAYS AND GENERAL RV COMPLETE FT. PIERCE, FLORIDA TRANSACTION
TAMPA, Fla., June 6, 2025 /PRNewswire/ -- Lazydays Holdings, Inc. (NASDAQCM: GORV) ("Lazydays" or the "Company") announced today that it has closed on the asset sale and real estate sale of its Ft. Pierce, Florida location to General R.V. Center, Inc. ("General RV"). The companies expect to complete the remaining divestiture in Longmont, Colorado in the coming weeks. "We have truly appreciated the work and cooperation demonstrated by the Lazydays team to help us expand our ability to provide premier service to our Fort Pierce customers," said General RV CEO and third-generation family owner Loren Baidas. "When we opened our existing Fort Pierce Supercenter in 2023, we never stopped looking for ways to make it even better for our current and future customers. This acquisition does just that with a large Supercenter facility and easily accessible location on I-95." Ron Fleming, Interim CEO of Lazydays, said, "We have completed our second previously announced sale of our location in Ft. Pierce, Florida to General RV. The closing of the Ft. Pierce sale continues to streamline our operations and right size our dealership footprint, while paying off meaningful debt on our balance sheet and bringing cash to our balance sheet. We are again pleased with the smooth process and look forward to working with General RV to complete the last remaining divestiture." In the past three years, General RV has nearly doubled its number of Supercenters nationwide offering sales and service of thousands of RVs ranging from affordable travel trailers to luxury motorhomes. The third-generation family-owned company currently has more than 20 locations in nine states including Florida, Illinois, Ohio, Virginia, Utah, North Carolina, Pennsylvania, Arizona and Michigan, where its corporate offices are located. The most recent addition to the General RV family is the Mesa, Arizona location acquired in May 2025. About Lazydays Lazydays has been a prominent player in the RV industry since our inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs. Our wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you're a seasoned RVer or just starting your adventure, our dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary. Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker "GORV." About General RV Founded in Michigan in 1962, General RV Center is the nation's premier RV dealer. The company operates more than 20 full-service dealerships in Michigan, Illinois, Ohio, Virginia, Florida, Utah, North Carolina, Arizona and Pennsylvania. Each location offers the largest selection of RVs for sale, state-of-the-art RV service facilities and retail RV parts and accessories. Visit for more information. Forward Looking Statements This press release includes "forward-looking statements" within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future financing transactions and business strategy, and often contain words such as "project," "outlook," "expect," "anticipate," "intend," "plan," "believe," "estimate," "may," "seek," "would," "should," "likely," "goal," "strategy," "future," "maintain," "continue," "remain," "target" or "will" and similar references to future periods. Examples of forward-looking statements in this press release include, among others, the benefits of the potential transaction described herein and the future financial performance of the Company following such transaction. By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this press release. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation, the ability of the parties to successfully close future transactions referenced herein (i.e. the sale of our Longmont, Colorado dealership assets), future economic and financial conditions (both nationally and locally), changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks associated with our indebtedness (including our ability to obtain further waivers or amendments to credit agreements, the actions or inactions of our lenders, available borrowing capacity, our compliance with financial covenants and our ability to refinance or repay indebtedness on terms acceptable to us), acts of God or other incidents which may adversely impact our operations and financial performance, government regulations, legislation and others set forth throughout under the headers "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and in the notes to our financial statements, in our most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in our other filings with the U.S. Securities and Exchange Commission. We urge you to carefully consider this information and not place undue reliance on forward-looking statements. We undertake no duty to update our forward-looking statements, which are made as of the date of this release. Contactinvestors@ View original content to download multimedia: SOURCE Lazydays RV Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Associated Press
23-05-2025
- Automotive
- Associated Press
LAZYDAYS AND GENERAL RV COMPLETE MESA, ARIZONA TRANSACTION
TAMPA, Fla., May 23, 2025 /PRNewswire/ -- Lazydays Holdings, Inc. (NASDAQCM: GORV) ('Lazydays' or the 'Company') announced today that it has closed on the asset sale of its Mesa, Arizona location to General R.V. Center, Inc. ('General RV'). The companies expect to complete the remaining two divestitures in Longmont, Colorado and Fort Pierce, Florida in the coming weeks. 'Introducing General RV to a new state is always exciting, and we have appreciated the collaboration by the Lazydays team to help us achieve this,' said General RV CEO and third-generation family owner Loren Baidas. 'Having seen great success with our two Utah Supercenters, we are looking forward to leveraging what we've learned there to provide the premier customer service and expansive RV selection to our new and existing customers in Arizona.' Ron Fleming, Interim CEO of Lazydays, said, 'We have completed our previously announced asset sale of our location in Mesa, Arizona to General RV. This transaction furthers our commitment to rightsizing our dealership footprint and continuing our operational turnaround plan. We are pleased with the expedient and smooth process and look forward to working with General RV to complete the remaining two divestitures.' In the past three years, General RV has nearly doubled its number of Supercenters nationwide offering sales and service of thousands of RVs ranging from affordable travel trailers to luxury motorhomes. The third-generation family-owned company currently has more than 20 locations in eight states including Florida, Illinois, Ohio, Virginia, Utah, North Carolina, Pennsylvania and Michigan, where its corporate offices are located. This is General RV's first location in the state of Arizona. About Lazydays Lazydays has been a prominent player in the RV industry since our inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs. Our wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you're a seasoned RVer or just starting your adventure, our dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary. Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker 'GORV.' About General RV Founded in Michigan in 1962, General RV Center is the nation's premier RV dealer. The company operates more than 20 full-service dealerships in Michigan, Illinois, Ohio, Virginia, Florida, Utah, North Carolina and Pennsylvania. Each location offers the largest selection of RVs for sale, state-of-the-art RV service facilities and retail RV parts and accessories. Visit for more information. Forward Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'Safe-Harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future financing transactions and business strategy, and often contain words such as 'project,' 'outlook,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'believe,' 'estimate,' 'may,' 'seek,' 'would,' 'should,' 'likely,' 'goal,' 'strategy,' 'future,' 'maintain,' 'continue,' 'remain,' 'target' or 'will' and similar references to future periods. Examples of forward-looking statements in this press release include, among others, the benefits of the potential transaction described herein and the future financial performance of the Company following such transaction. By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this press release. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation, the ability of the parties to successfully close future transactions referenced herein (i.e. the sale of our Longmont, Colorado and Fort Pierce, Florida dealership assets), future economic and financial conditions (both nationally and locally), changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks associated with our indebtedness (including our ability to obtain further waivers or amendments to credit agreements, the actions or inactions of our lenders, available borrowing capacity, our compliance with financial covenants and our ability to refinance or repay indebtedness on terms acceptable to us), acts of God or other incidents which may adversely impact our operations and financial performance, government regulations, legislation and others set forth throughout under the headers 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and 'Risk Factors' and in the notes to our financial statements, in our most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in our other filings with the U.S. Securities and Exchange Commission. We urge you to carefully consider this information and not place undue reliance on forward-looking statements. We undertake no duty to update our forward-looking statements, which are made as of the date of this release. Contact [email protected] View original content to download multimedia: SOURCE Lazydays RV
Yahoo
23-05-2025
- Automotive
- Yahoo
LAZYDAYS AND GENERAL RV COMPLETE MESA, ARIZONA TRANSACTION
TAMPA, Fla., May 23, 2025 /PRNewswire/ -- Lazydays Holdings, Inc. (NASDAQCM: GORV) ("Lazydays" or the "Company") announced today that it has closed on the asset sale of its Mesa, Arizona location to General R.V. Center, Inc. ("General RV"). The companies expect to complete the remaining two divestitures in Longmont, Colorado and Fort Pierce, Florida in the coming weeks. "Introducing General RV to a new state is always exciting, and we have appreciated the collaboration by the Lazydays team to help us achieve this," said General RV CEO and third-generation family owner Loren Baidas. "Having seen great success with our two Utah Supercenters, we are looking forward to leveraging what we've learned there to provide the premier customer service and expansive RV selection to our new and existing customers in Arizona." Ron Fleming, Interim CEO of Lazydays, said, "We have completed our previously announced asset sale of our location in Mesa, Arizona to General RV. This transaction furthers our commitment to rightsizing our dealership footprint and continuing our operational turnaround plan. We are pleased with the expedient and smooth process and look forward to working with General RV to complete the remaining two divestitures." In the past three years, General RV has nearly doubled its number of Supercenters nationwide offering sales and service of thousands of RVs ranging from affordable travel trailers to luxury motorhomes. The third-generation family-owned company currently has more than 20 locations in eight states including Florida, Illinois, Ohio, Virginia, Utah, North Carolina, Pennsylvania and Michigan, where its corporate offices are located. This is General RV's first location in the state of Arizona. About Lazydays Lazydays has been a prominent player in the RV industry since our inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs. Our wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you're a seasoned RVer or just starting your adventure, our dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary. Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker "GORV." About General RV Founded in Michigan in 1962, General RV Center is the nation's premier RV dealer. The company operates more than 20 full-service dealerships in Michigan, Illinois, Ohio, Virginia, Florida, Utah, North Carolina and Pennsylvania. Each location offers the largest selection of RVs for sale, state-of-the-art RV service facilities and retail RV parts and accessories. Visit for more information. Forward Looking Statements This press release includes "forward-looking statements" within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future financing transactions and business strategy, and often contain words such as "project," "outlook," "expect," "anticipate," "intend," "plan," "believe," "estimate," "may," "seek," "would," "should," "likely," "goal," "strategy," "future," "maintain," "continue," "remain," "target" or "will" and similar references to future periods. Examples of forward-looking statements in this press release include, among others, the benefits of the potential transaction described herein and the future financial performance of the Company following such transaction. By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this press release. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation, the ability of the parties to successfully close future transactions referenced herein (i.e. the sale of our Longmont, Colorado and Fort Pierce, Florida dealership assets), future economic and financial conditions (both nationally and locally), changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks associated with our indebtedness (including our ability to obtain further waivers or amendments to credit agreements, the actions or inactions of our lenders, available borrowing capacity, our compliance with financial covenants and our ability to refinance or repay indebtedness on terms acceptable to us), acts of God or other incidents which may adversely impact our operations and financial performance, government regulations, legislation and others set forth throughout under the headers "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and in the notes to our financial statements, in our most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in our other filings with the U.S. Securities and Exchange Commission. We urge you to carefully consider this information and not place undue reliance on forward-looking statements. We undertake no duty to update our forward-looking statements, which are made as of the date of this release. Contactinvestors@ View original content to download multimedia: SOURCE Lazydays RV Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Q1 2025 Global Water Resources Inc Earnings Call
Kyle Upchurch; Controller; Global Water Resources Inc Ron Fleming; Chairman of the Board, President, Chief Executive Officer; Global Water Resources Inc Michael Liebman; Chief Financial Officer, Corporate Secretary; Global Water Resources Inc Christopher Krygier; Chief Operating Officer; Global Water Resources Inc Operator Greetings, ladies and gentlemen, thank you for standing by. Welcome to the Global Water Resources Inc. first quarter of 2025 conference call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question and answer session. (Operator Instructions) I would like to remind everyone that this call is being recorded on May 15, 2025 at 10 PM Eastern time. I would now like to turn the conference over to Kyle Upchurch, Controller. Please go ahead. Kyle Upchurch Thank you, operator, and welcome everyone. Thanks for joining us on today's call. Yesterday we issued our 2025 first quarter financial results by press release, a copy of which is available on our website at Speaking today is Ron Fleming, President and Chief Executive Officer; Mike Liebman, Chief Financial Officer; and Chris Krygier, Chief Operating Officer. Ron will summarize the key operational events of the year. Mike will review the financial results for the first quarter, and Chris will review strategic initiatives and Arizona Corporation Commission activity. Ron, Mike, and Chris will be available for questions at the end of the call. Before we begin, I would like to remind you that certain information presented today may include forward-looking statements. Such statements reflect the company's current expectations, estimates, projections, and assumptions regarding future events. These forward-looking statements involve a number of assumptions, risks, uncertainties, estimates, and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements which reflect management's views as of the date hereof and are not guarantees of future performance. For additional information regarding factors that may affect future results, please read the risk factors and MD&A sections of our periodic SEC filings. Additionally, certain non-gap measures may be included within today's call. For reconciliation of those measures to the comparable GAAP measures, please see the tables included in yesterday's earnings release, which is available on our website. I will now turn the call over to Ron. Ron Fleming Thank you, Kyle. Good morning, everyone, and thank you for joining us today. We are very pleased to report the results for the first quarter of 2025. First, I will provide a few operational highlights. Total active service connections increased 4.3% to 65,163 as of March 31, 2025 from the 12 months prior. In Q1, we maintain an annualized 4% total active service connection growth rate. Year-to-date we have invested $15.2 million into infrastructure improvements and existing utilities to provide safe and reliable service. A majority of our planned investments in 2025 relate to our post-test year projects in Santa Cruz Water Company and Palo Verde Utilities Company, our two largest utilities located in Pinal County, for planned inclusion in our already filed 2024 test year rate application. Chris will provide updates on the rate case later on the call. Now I want to discuss organic customer growth and what is going on in our core utilities further. The single family dwelling unit market ended 2024 with approximately 27,156 building permits issued in the Phoenix Greater Metropolitan Statistical Area. For Q1 2025, this market realized 6,406 building permits, representing a 15% decrease from Q1 of 2024. In 2024, the city of Maricopa issued 986 single-family dwelling building permits. For Q1 2025, this Maricopa market realized 190 building permits, representing a 41.5% decrease from Q1 2024. It is important to note that a single quarter, specifically Q1, is not a trend, as timing of permits being pulled can be influenced by many factors. Regardless, the 2025 permit data showing a bit of a pullback from prior year is not surprising considering the uncertainty around tariffs and other macroeconomic drivers that occurred. We believe this is temporary, and as these things continue to cool, including inflation, there are very strong drivers for our normal growth rate to continue or even pick up. Again, as I mentioned, our Q1 annualized growth rate remained at 4%. This is because many experts still believe there is a housing shortage in Arizona, and with a strong population and job growth continuing, Metro Phoenix will retain an annual run rate approaching 30,000 housing units per year to keep pace with that net immigration and job growth, just like we saw in 2024. This demand must be met by a combination of single family dwelling units and multi-family. We believe multi-family high density growth that is occurring in our areas will be notable and at some level supplant the reduction in single family home growth. Simply put, there is a record number of additional multi-family projects in some stage of development. The fact is, the booming economy and net immigration that Arizona continues to realize requires more and more places for people to live, work, and play. That is why large scale multi-family housing, commercial and recreational projects continue to proceed at a high pace in Metro Phoenix and in our service areas. Additionally, the industrial manufacturing boom also continues. The 2024 committed capital investment of $50 billion into Arizona was a record setting. There have been significant further announcements made in 2025, including the most recent $100 billion dollar announcement on the additional planned expansions at TSMC, which is in addition to the $65 billion previously announced as the chip industry continues to explode in Metro Phoenix. Frankly, what continues to occur in Arizona is unprecedented. In fact, the all in TSMC investment of $165 billion would be the single largest direct foreign investment in the history of our country, and it's just one of many announcements not yet in the historical economic investment numbers that altogether will forever change the face of Metro Phoenix. Because of these things, we remain bullish on the future potential of our inland port, Arizona service area, where Procter and Gamble acquired land and where Lucid Motors just acquired the facility previously owned by Nicolo. Of note, we did sign the actual special industrial contract with P&G in December of 2024 and are waiting their notice to proceed. And we continue discussing discussing potential projects with several large firms that would locate adjacent to P&G. While it is hard to forecast such large scale industrial growth, we do believe it is a matter of when, not if, and it will be a meaningful utility addition to our company. Additionally, the city of Maricopa continues progress on their recently announced large industrial complex consisting of over 680 acres of projects. While this project is still several years away from generating revenue, it represents another opportunity for notable growth for our company. Based on all of these trends, we believe that in the years to come, we will continue to see considerable large scale commercial, multi-family housing and industrial growth in addition to strong organic housing growth. Based on our recent rate case activity, including the recent completion of rate cases and those still in process, layering new rates on top of all of this growth could drive meaningful revenue and earnings growth in the years to come. As I mentioned in our last earnings release, yes, high inflation and other cost drivers have caught up with us and are impacting our earnings growth. However, it's important to recognize that 2024 was a test year for our largest utilities whose last test year was five years ago in 2019. So we believe new rates to address all the cost increases over that time period and the significant investments we have made. Will drive earnings growth. As you can see from our many related announcements, we just completed the farmer's rate case with a positive outcome, including an approximate $1.1 million annual revenue increase, and we have an additional $6.5 million annual rate increase proposed and under consideration at the ACC. We believe 2025 will be another solid year for global water, putting the four ways we grow our utility company together, meaning organic connections, new greenfield utilities, acquisitions, and rate cases, you can see how global Water is going to be able to grow considerably in the years to come, just like we did over the prior five years and last rate case cycle. I will now turn the call over to Mike for financial highlights. Michael Liebman Thanks, Ron. Hello everyone. Total revenue for the first quarter of 2025 was $12.5 million, which was up $0.8 million, or 7.3% compared to Q1, 2024. The increase in revenue was primarily attributable to a 4.3% increase in active service connections and increased consumption. Operating expenses for Q1 2025 were $11.2 million compared to $10.3 million in Q1 2024. This is an increase of approximately $0.9 million or 8.3%. The notable changes in operating expenses included $394,000 increase in depreciation and amortization, which was substantially attributable to an 11.4% increase in depreciable fixed assets as a result of our increased capital investments and the commissioning of related projects. Increased O&M costs by $403,000 which was primarily attributable to additional costs for purchase power, chemicals, and repairs due to increased consumption, as well as increases in other expenses including contract IT services and labor services. And thirdly, a small increase of 62,000 in general administrative costs. Now to discuss other income and expense. Other expense for Q1 2025 was $0.5 million, which is slightly higher than other expense of $0.3 million in Q1 2024. The increased expense is primarily a charitable to the lower Buckeye earnout fees in Q1 2025 compared to Q1 2024. Net income for Q1 2025 was $0.6 million or $0.02 per diluted share as compared to $0.7 million or $0.03 per diluted share in Q1 2024. Now to talk about adjusted EBITDA, which adjusts for non-recurring and non-cash items such as restricted stock expense. Adjusted EBITDA was $5.6 million in Q1 2025 compared to $5.4 million in Q1 2024. This is an increase of approximately $0.2 million or 4.4%. Lastly, I'd like to touch on liquidity. We had a successful equity capital raise in March of $32 million and shortly after that we extended our line of credit to May of 2027 and increased it by $5 million going from $15 million to $20 million. When combining the $31.5 million of cash and the $20 million unused revolver, we have over $50 million of liquidity to support our capital expenditure program as well as the Tucson acquisition. This concludes our update on the first quarter of 2025 financial results. I'll now pass the call to Chris to review our regulatory activity and strategic initiatives for the quarter. Christopher Krygier Thank you, Mike, and hello, everyone. It has been another solid quarter since our last update. First, as you likely saw in our press releases and heard Ron allude to earlier, the Arizona Corporation Commission approved new rates for our farmers' water utility. We started charging those new rates on May 1, so you would see those results reflected in future quarters. Second, as you heard Ron also mention, we filed our Santa Cruz and Paula Verde rate case on March 5, 2025 requesting a net revenue increase of $6.5 million. The case is off to a solid start. On April 4, 2025, the ACC Utilities division staff determined that the application was administratively complete, marking off the first step in their review process. We also advanced the case further with the establishment of our procedural schedule. Commission staff testimony is due on April 1, 2025, with hearings in the case scheduled to begin in the middle of December this year. In the meantime, we have started answering the typical data requests we receive from the parties, and we will continue to keep you updated in the months ahead. Turning to the Tucson acquisition, we're targeting to close this summer. We're working on the final details and look forward to welcoming these customers into the global water family. This concludes the update on regulatory activity and acquisitions. I'll now pass the call back to Ron. Ron Fleming Thank you, Chris. I think Chris got a little excited there. Staff testimony is due on October 1, 2025. We'll give them a little bit of time. Thank you. But to close today, I just wanted to express how proud I am of our team. Yes, well there is an interesting mix of tailwinds and headwinds in the economy right now, and our stock price has pulled back over the last few years. I also believe the last five years of performance are evidence of our ability to materially improve on all meaningful utility metrics despite such conditions. Customer growth, revenue growth, rate-based growth, and earnings growth have all been exceptionally strong, and we expect that to continue. This is because of our people, our plan, and our foundation, and our unique local geographical dynamics that is not directly impacted by all the national macroeconomics. As we execute our growth plan, we intend to remain at the forefront of the water management industry and advance our mission of achieving efficiency and consolidation. We truly believe that expanding our total water management platform and applying our expertise throughout our regional service areas into new utilities will be beneficial to all stakeholders involved. We appreciate your investment in and support of us as we grow global water to address important utility, water resource, and economic development matters along the Arizona Sun corridor, allowing our communities to thrive. That highlight concludes our prepared remarks. Thank you. We're available to answer any questions. Operator We will now begin the question and answer session. (Operator Instructions) Seeing no questions. This concludes our question and answer session. I would like to turn the conference back over to Ron Fleming for any closing remarks. Ron Fleming Thank you, operator. Yeah, I just want to thank everybody for participating on the call today and your continued interest in global water. Thanks, and we look forward to talking to you again. Operator The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-03-2025
- Business
- Yahoo
Lazydays Narrows Net Loss, Plans Store Divestitures To Refocus Amid Tough Q4
Lazydays Holdings, Inc. (NASDAQ:GORV) shares are trading lower after the company released its fourth-quarter FY24 earnings results on Monday. The company reported a fourth-quarter sales decline of 19.2% year-on-year to $159.88 million from $198.03 million last year. Loss per share of $2.39 narrowed from a $7.59 loss last year. The gross profit margin (excluding LIFO) for the quarter remained same at 21.4%. Total retail units sold for the quarter decreased 14.8%. Also Read: Fourth quarter net loss was $96.1 million compared to net loss of $108.0 million for the same period in 2023. Fourth quarter Adjusted EBITDA loss was $24.3 million compared to a loss of $10.7 million last year. Lazydays held $24.7 million in cash and equivalents as of December 31, 2024. In addition, the company said it has signed a letter of intent to divest three store locations to General RV Center. The LOI is generally nonbinding, with the exception of a 75-day exclusivity provision relating to the three stores. In March 2025, Camping World elected to not close on the purchase of two of the company's dealerships located in Portland, Oregon and Council Bluffs, Iowa. 'While our fourth quarter and full year 2024 results were challenging, we believe the steps we have taken, and continue to take, will create a more durable and agile company that is positioned for the future,' said Interim CEO Ron Fleming. 'As we look ahead, we remain laser focused on ensuring we have the right dealership footprint – as evidenced by our announced letter of intent to further divest three store locations – while maximizing the operational performance of the stores within our footprint to drive long-term shareholder value.' Price Action: GORV shares traded lower by 9.38% at $0.4250 at last check Monday. Read Next:Image via Shutterstock. UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? LAZYDAYS HLDGS (GORV): Free Stock Analysis Report This article Lazydays Narrows Net Loss, Plans Store Divestitures To Refocus Amid Tough Q4 originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
