Revenue during the quarter grew 10.79 percent to $883.82 million from $797.75 million in the previous year period. Gross margin for the quarter expanded 62 basis points over the previous year period to 28.49 percent. Total expenses were 92.11 percent of quarterly revenues, down from 92.98 percent for the same period last year. This has led to an improvement of 87 basis points in operating margin to 7.89 percent.

Operating income for the quarter was $69.76 million, compared with $56.04 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $71.71 million compared with $57.39 million in the prior year period. At the same time, adjusted EBITDA margin improved 92 basis points in the quarter to 8.11 percent from 7.19 percent in the last year period.

Marcus Lemonis, chairman and chief executive officer, stated, "Trends across our business continue to be very strong and we are very pleased with our first quarter financial results. In the quarter, net income increased 30.9% to $49.4 million and adjusted EBITDA increased 24.9% to $71.7 million on a 10.8% increase in revenue to $883.8 million. We believe these results demonstrate the strength and operating leverage in our model. Being the only provider of a comprehensive portfolio of services, protection plans, products and resources for RV enthusiasts and the largest national network of RV-centric retail locations in the United States, we are benefiting from the continued growth in the installed base of recreational vehicles and strength in the lower priced towable market."