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Camping World Q1 profit climbs 14.5% YOY

Camping World Holdings Inc. said its first-quarter normalized net income amounted to $24.3 million, a gain of 14.5% from $21.3 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 3.0% from 3.0% in the year-earlier period.

Total revenue rose 14.4% year over year to $809.7 million from $707.8 million, and total operating expenses rose 14.4% on an annual basis to $752.8 million from $657.9 million.

Reported net income increased 13.0% from the prior-year period to $38.6 million, or $248.20 per share, from $34.2 million.