Lazydays Holdings, Inc. (NASDAQ:LAZY) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET

Company Participants

Debbie Harrell - Corporate Controller

Robert DeVincenzi - CEO

Nicholas Tomashot - CFO

Conference Call Participants

Fred Wightman - Wolfe Research

Mike Swartz - Truist Securities

Steve Dyer - Craig-Hallum

Operator

Good morning. My name is Rob, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Lazydays Holdings, Inc. Second Quarter 2022 Financial Results Conference Call. [Operator Instructions] Thank you.

Debbie Harrell, Corporate Controller, you may begin your conference.

Debbie Harrell

Thank you, operator. Good morning, and thank you for joining us for our second quarter 2022 financial results conference call. I'm Debbie Harrell, Corporate Controller at Lazydays. We issued the company's earnings press release this morning. A copy of the earnings release is available under the Events & Presentations section of the Investor Relations page of our website, and has been furnished as an exhibit to our current report on Form 8-K with the SEC.

With me on the call today are Mr. Bob DeVincenzi, our interim Chief Executive Officer; and Mr. Nick Tomashot, our Chief Financial Officer.

As a reminder, please note that some of the information you will hear today during our discussion may consist of forward-looking statements, including, without limitation, statements regarding unit sales, revenue, gross margins, operating expenses, stock-based compensation expense, taxes, product mix shift and geographic expansion. Actual results or trends for future periods could differ materially from the forward-looking statements as a result of many factors. For additional information, please refer to the risk factors discussed in the Form 10-K filed with the SEC on March 11, 2022. We will also discuss non-GAAP measures of financial performance that we believe are useful for understanding the company's results, including EBITDA and adjusted EBITDA. Please refer to our earnings press release for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures.

For the 3 months ended June 30, 2022 and 2021, the financial information presented represents the operating results of Lazydays Holdings, Inc.

Now it is my pleasure to introduce Bob DeVincenzi, who will provide some opening remarks; before Nick Tomashot shares an overview of the 2022 second quarter financials.

Robert DeVincenzi

Thank you, Debbie. Let me start by providing a few financial performance highlights. The second quarter of our 2022 financial year again demonstrated remarkable performance. We are pleased with our ability to respond to the industry normalization underway that I referred to in our first quarter conference call. In our preliminary second quarter results, which were released on July 20, 2022, we indicated an expectation of reporting revenue of $373.6 million, adjusted EBITDA of $38.4 million and net income of $31.8 million. Today, we are announcing results that conform identically with our earlier expressed expectations. Nick Tomashot will provide more detail on our second quarter financial results a bit later in the call.