Camping World Holdings, Inc.

a question and answer session and instructions will follow at that time. Please be advised that this call is being recorded and the reproduction of the call, in whole or in part, is not permitted without written authorization from the company. Joining on the call today are Marcus Limones, Chairman and Chief Executive Officer, Matthew Wagner, President, Tom Kern, Chief Financial Officer, Lindsay Christen, Chief Administrative and Legal Officer, and Brett Andrus, Senior Vice President, Investor Relations. I will turn the call over to Ms. Kristen to get us started.

Thank you, and good morning, everyone. A press release covering the company's fourth quarter and year-ended December 31, 2024 financial results was issued yesterday afternoon, and a copy of that press release can be found in the Investor Relations section on the company's website. Management's remarks on this call may contain full-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These remarks may include statements regarding our business plans and goals, industry and customer trends, inventory expectations, the expected impact of inflation, interest rates and market conditions, acquisition pipelines and plans, capital allocation, and anticipated financial performance. Actual results may differ materially from those indicated by these statements as a result of various important factors, including those discussed in the risk factors section on our Form 10-K, our Form 10-Qs, and other reports on file with the SEC. Any forward-looking statements represent our views only as of today, and we undertake no obligation to update them. Please also note that we will be referring to certain non-GAAP financial measures on today's call. such as EBITDA, adjusted EBITDA, and adjusted earnings per share diluted, which we believe may be important to investors to assess our operating performance. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in our earnings release and on our website. All comparisons of our 2024 fourth quarter and fiscal year results are made against the 2023 fourth quarter and fiscal year results. unless otherwise noted. I'll now turn the call over to Marcus.

Thanks, Lindsay. As we entered 2025, we knew it was really important to fortify and strengthen our company. We successfully raised $330 million of growth capital in October, and last week we amended and extended our RV floor plan facility with an additional five years by adding $300 million of runway. Our floor plan now totals $2,150,000,000. As we deploy capital across growing our used inventory in multiple dealership M&A transactions, expected to close by the end of spring, we are reaffirming our guideposts to deliver 10% to 15% unit growth on used, low single-digit growth on new, significant improvement in total gross profit, and a 600 to 700 basis point improvement in SG&A. We ended 2024 with record combined new and used market share, hitting 11.2%. We're seeing combined unit momentum carry into our early 2025 results and expect to set a new record at 12%, selling over 130,000 units up from 121,500 in 2024. The early 25 results through today are encouraging, with healthy mid-single digit growth. Early indications of 2025 continue to show a consumer that is focused on affordability and value price units, both on the new and used side. It's our belief that the ASP will improve through the core selling season, as it historically does. And we continue to target an annual ASP of $40,000 on new and $32,000 on used. As a reminder, that's going to fluctuate quarter to quarter, with the first and second quarter being driven by family camping, lower price units, and then accelerating into Q3 and Q4. As part of fueling that growth, our used procurement process is in full swing. with both January and February setting respective records in each month. We expect the purchase volume to accelerate over the next several months as we enter our core selling season. If the 10-year Treasury yield continues to stabilize and reduce, we expect to see additional retail finance rate relief for our customers, allowing them to take on more unit while maintaining a monthly payment that fits their budget. It's my expectation that our company will experience explosive EBITDA growth in the first quarter compared to the prior year. That's going to be driven primarily by gross margin and gross profit dollar improvement, along with significant SG&A improvements. Look, we have two goals for the year. It's very simple. Sell more RVs and make more money. I'll now turn the call over to Matthew.