TAMPA, Fla. - Lazydays Holdings, Inc. (NasdaqCM: GORV), a company well-established in the RV industry, announced today the promotion of Amber Dillard to the position of Chief Operating Officer. Dillard, who has been with the company since 2011, will report directly to Ron Fleming, Lazydays' Interim CEO.
Dillard's (NYSE:DDS) promotion comes after more than a decade of experience within the company, where she has held roles in various departments including accounting, supply chain, vehicle purchasing, inventory management, and dealership operations. Her breadth of experience has seen her work closely with all of Lazydays' OEM partners and across most functions of the business.
Ron Fleming praised Dillard's contributions and her ability to exceed expectations in her previous roles. As COO, Dillard will continue to lead efforts in operational performance and fulfilling customer needs, a testament to her dedication to the company's growth and service quality.
In her response, Dillard expressed gratitude for the growth opportunities at Lazydays and her commitment to meeting customer needs. Her background includes a bachelor's degree in Accounting from Florida State University and further education at the University of South Florida. Dillard's expertise is also recognized by her inclusion in the inaugural class of the RVIA 40 under 40 award winners in 2017.
Established in 1976, Lazydays has built a reputation for exceptional sales, service, and overall RV ownership experiences. The company offers a wide selection of RV brands, state-of-the-art service facilities, and an extensive range of accessories and parts. Publicly listed on the Nasdaq stock exchange, Lazydays is a destination for RV enthusiasts and a trusted resource for the RV lifestyle.
The information in this article is based on a press release statement. It should be noted that forward-looking statements are not guarantees of future performance and may involve risks and uncertainties. Actual results could differ materially from those projected due to various factors including economic conditions, customer demand, and relationships with vehicle manufacturers and suppliers.
In other recent news, Lazydays Holdings has seen significant changes in its leadership and financial outlook. Ronald Fleming has been appointed as the interim CEO and Director, following John North's resignation. Fleming, who boasts over forty years of experience in the recreational vehicle industry, is expected to steer the company through its current challenges.
In addition to the leadership change, Truist Securities has adjusted its price target for Lazydays Holdings, reducing it from $4.00 to $2.00. This adjustment reflects concerns about the company's liquidity and lowered estimates for the years 2024 and 2025. Despite these changes, the firm maintains a Hold rating on the stock.
Furthermore, Robert DeVincenzi has taken over as Chairman of the Board, succeeding Christopher Shackelton. The Board now comprises seven directors, six of whom are independent. These are among the recent developments that are shaping the future of Lazydays Holdings.
InvestingPro Insights
As Lazydays Holdings, Inc. (NasdaqCM: GORV) ushers in a new chapter with Amber Dillard's promotion to COO, the company's financial health and market performance remain crucial for investors. According to InvestingPro data, Lazydays Holdings currently has a market capitalization of approximately $21.11 million. This size reflects the company's valuation in the market and is an essential metric for investors to consider when evaluating the company's scale and potential for growth.
Despite the challenging economic conditions that have affected many sectors, including the RV industry, the company's Price / Book multiple, as of the last twelve months leading up to Q2 2024, stands at 0.24. This metric suggests that the stock is trading at a low valuation relative to the company's book value, which could be enticing for value investors looking for potential bargains in the market.
However, InvestingPro Tips highlight some areas of concern for Lazydays Holdings. The company operates with a significant debt burden, which is a critical factor for investors to monitor. Additionally, the company's stock price movements have been quite volatile, which might deter investors who prefer stability. For those interested in exploring these factors further, InvestingPro offers additional tips and insights on their platform.
Investors looking to make informed decisions will also note that analysts have revised their earnings expectations downwards for the upcoming period, indicating potential headwinds for the company's financial performance. With a total of 19 InvestingPro Tips available, investors can gain a more in-depth understanding of Lazydays Holdings' prospects and challenges by visiting https://www.investing.com/pro/GORV.
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