Significant Growth in Adjusted EBITDA
Adjusted EBITDA grew by over 40% to $95.7 million, indicating strong operational performance and efficiency improvements.
Record Unit Volume in RV Sales
The company achieved record unit volume, selling nearly 14% of new and used RVs in North America, emphasizing consumer focus on value and affordability.
Improved Net Leverage
Net leverage reduced by nearly 3 turns since the beginning of the year, achieved through debt paydown, earnings improvement, and cash generation.
Potential Upside in 2026
The company anticipates potential upside from SG&A cost takeouts, used RV sales, dealership acquisitions, and new RV sales.
Strong Cash Position
The quarter ended with $230 million of cash on the balance sheet, $427 million of used inventory owned outright, and nearly $260 million of real estate without an associated mortgage.