LINCOLNSHIRE, Ill. — Camping World Holdings reported that its total revenue increased 25 percent to $1.24 billion in quarter 3, while gross profit increased 27.3 percent to $356.7 million and gross margin increased 51 basis points to 28.8 percent.
In addition, income from operations increased 27.8 percent to $112.1 million and operating margin increased 20 basis points to 9 percent, while net income increased 24.6 percent to $85.3 million, net income margin decreased 2 basis points to 6.9 percent and adjusted pro forma net income(1) increased 53.4 percent to $68.6 million
Diluted earnings per share(2) was $0.68 and adjusted pro forma earnings per fully exchanged and diluted share (1) increased 44.7 percent to $0.77; and adjusted EBITDA(1) increased 35.2percent to $122.1 million while adjusted EBITDA margin(1) increased 74 basis points to 9.9 percent.
Marcus Lemonis, chairman and CEO stated, “We are very pleased with our third quarter results and the continued strength in the underlying trends across our business. For the quarter, total revenue grew 25 percent, adjusted pro forma net income increased 53.4 percent and adjusted EBITDA grew 35.2 percent, once again demonstrating the power and leverage of our unique business and operating model. Looking ahead, we believe we are well positioned to continue gaining share in the RV market and broadening our reach across the outdoor lifestyle consumer market.”
A conference call to discuss the fiscal 2017 third quarter financial results is scheduled for Nov. 9, at 4:30 p.m. Eastern Time. Investors and analysts can participate on the conference call by dialing (800) 441-0022 and using conference ID # 6378900. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the company’s website at http://investor.campingworld.com. The replay of the conference call webcast will be available at the investor relations website until Nov. 16.
SOURCE: Camping World press release