Camping World announces $125 million increase in stock-buyback program

LINCOLNSHIRE - Camping World Holdings Inc. said its board of directors has authorized an increase in its stock repurchase program for up to an additional $125 million of its Class A common stock, effective immediately.

The board authorized an increase in the stock repurchase program originally approved in October. During the six months ended June 30, Camping World has repurchased approximately $45.5 million of its stock. With the increase approved this week, the company has approximately $157 million remaining available for such repurchases.

"The approval of the increased stock repurchase program reflects the confidence our senior management team, board of directors, and I have in the company's future performance and ability to generate strong cash flow and create long-term value," said Marcus Lemonis, CEO and chairman of Camping World.

Lincolnshire-based Camping World and its subsidiaries are America's largest retailer of recreational vehicles and related products and services, including the operation of campgrounds.