secwatch.observer — SEC 8-K summary
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Issuer:     Camping World Holdings, Inc. (CWH)
CIK:        0001669779
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001104659-26-019118
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camping World Q4 net loss narrows; Adjusted EBITDA up 35% YoY; dividend paused
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- Full year net loss of $105.6M, largely due to deferred tax asset and TRA liability adjustments.
- Adjusted EBITDA of $242.9M in 2025, up over 35% YoY; net debt leverage improved to 5.7x from 8.1x.
- Q4 same-store sales volume up 4%; combined new/used market share reached 13%.
- Board pauses regular cash dividend program to focus on deleveraging; $50M of debt repaid YTD 2026.
- 2026 guidance: Adjusted EBITDA $275–$325M, with gross margin headwinds expected in first half.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1669779/000110465926019118/0001104659-26-019118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1669779/000110465926019118/cwh-20260224x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-019118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer