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Camping World Holdings , Inc. Reports Second Quarter 2021 Results and Raises Full Year Guidance due to Continued Demand Exhibit 99.1 LINCOLNSHIRE , IL - August 3 , 2021 ( BUSINESS WIRE ) -- Camping World Holdings , Inc. ( NYSE : CWH ) ( the " Company " ) , America's Recreation Dealer , today reported results for the second quarter ended June 30 , 2021 . Second Quarter Operating Highlights ( 1 ) Revenue was a record $ 2.062 billion , an increase of $ 455.1 million , or 28.3 % Gross profit was a record $ 759.8 million , an increase of $ 271.2 million , or 55.5 % , and gross margin was 36.9 % , an increase of 644 basis points Net income was a record $ 246.1 million , an increase of $ 82.9 million , or 50.8 % . Net income margin was 11.9 % versus 10.2 % for the second quarter of 2020 Diluted earnings per share of Class A common stock was $ 2.33 and adjusted earnings per share - diluted ( 2 ) of Class A common stock was $ 2.51 Adjusted EBITDA ( 2 ) was a record $ 333.3 million , an increase of $ 112.6 million , or 51.0 % , and adjusted EBITDA margin ( 2 ) was 16.2 % for the second quarter versus 13.7 % for the second quarter of 2020 Vehicle inventories increased by $ 67.3 million : new vehicle inventories were down $ 65.5 million and used vehicle inventories were up $ 132.8 million On June 3 , 2021 , we refinanced our senior secured credit facilities , reducing our outstanding principal by $ 38.6 million , extending the term to 2028 , and lowering the applicable margin rate by 25 bps . Nine RV dealership locations were acquired in the second quarter of 2021. We currently have operating dealerships , agreements to acquire land or existing RV dealerships , or have dealerships under construction in 46 of the 48 contiguous states . 2021 Adjusted EBITDA Guidance Update Marcus Lemonis , Chairman and CEO of Camping World Holdings , Inc. stated , " Our team's strong performance for the quarter has allowed us to reach a Company high Trailing Twelve - Month Adjusted EBITDA ( 2 ) of $ 831 million . As a result , we are raising our 2021 fiscal year guidance ( ³ ) of Adjusted EBITDA of $ 770 million to $ 810 million to a revised Adjusted EBITDA of $ 840 million to $ 860 million . " ( 1 ) Unless otherwise indicated , all financial comparisons in this press release compare our financial results for the second quarter ended June 30 , 2021 to our financial results from the second quarter ended June 30 , 2020 . ( 2 ) Adjusted earnings per share - diluted , adjusted EBITDA , adjusted EBITDA Margin , and Trailing Twelve Month Adjusted EBITDA are non - GAAP measures . For a reconciliation of these non - GAAP measures to the most directly comparable GAAP measures , see the " Non - GAAP Financial Measures " section later in this press release . A reconciliation for the Company's Adjusted EBITDA outlook to the corresponding GAAP measure on a forward - looking basis cannot be provided without unreasonable efforts , as we are unable to provide reconciling information with respect to certain items . However , in 2021 the Company expects equity - based compensation of approximately $ 27-30 million , depreciation and amortization of approximately $ 53-58 million , other interest expense of approximately $ 47-50 million , and restructuring charges of approximately $ 10-13 million , each of which is a reconciling item to Net Income . ( 3 ) Prior guidance provided on May 4 , 2021 . Stock Repurchase Program On October 30 , 2020 , the Company's Board of Directors authorized a stock repurchase program for the repurchase of up to $ 100.0 million of the Company's Class A common stock , expiring on October 31 , 2022 .