Generac Earnings Reports

Generac reported a strong fourth quarter with net sales increasing 16% to $1.23 billion, driven by a surge in residential product sales. Net income rose 20.6% to $117 million, while adjusted net income reached a record $168 million. Free cash flow also hit an all-time high of $286 million.

Generac reported net sales of $1.17 billion, a 10% increase compared to the prior-year third quarter. Net income attributable to the company was $114 million, or $1.89 per share, compared to $60 million, or $0.97 per share, for the same period in 2023. Adjusted EBITDA was $232 million, representing 19.8% of net sales, compared to $189 million, or 17.6% of net sales, in the prior year. The company updated its full-year 2024 net sales growth guidance to 5 to 9% and adjusted EBITDA margin to 17.5 to 18.5%.

Generac Holdings Inc. reported net sales of $998 million, with residential product sales up 8% and commercial & industrial product sales down 10%. Net income was $59 million, or $0.97 per share, while adjusted net income was $82 million, or $1.35 per share. The company updated its full-year 2024 net sales growth guidance to 4 to 8% and adjusted EBITDA margin to 17.0 to 18.0%.

Generac reported a slight increase in net sales to $889 million, alongside a significant rise in net income to $26 million, or $0.39 per share. Adjusted EBITDA improved to $127 million, representing 14.3% of net sales. The company also generated substantial free cash flow of $85 million, reflecting improved operational efficiency and working capital management.

Generac reported a 1% increase in net sales to $1.06 billion for Q4 2023 compared to the prior year. The company saw improvements in net income and adjusted EBITDA, along with record cash flow from operations and free cash flow. They are initiating full-year 2024 net sales growth guidance to be approximately 3 to 7%.

Generac's Q3 2023 saw a slight decrease in net sales by 2% to $1.07 billion, but net income increased to $60 million, or $0.97 per share. Adjusted EBITDA rose to $189 million, representing 17.6% of net sales, and the company generated $117 million in free cash flow.

Generac reported a decrease in net sales by 23% to $1.00 billion compared to the prior-year quarter. Residential product sales declined, while Commercial & Industrial product sales increased. Net income and adjusted EBITDA also decreased compared to the same period last year. The company has updated its outlook for the full year 2023 due to a softer consumer environment.

Generac reported a decrease in net sales by 22% to $888 million compared to the prior year, with residential product sales declining significantly while commercial and industrial sales increased. Net income decreased to $12 million, or $0.05 per share, and adjusted EBITDA was $100 million, or 11.3% of net sales. The company is maintaining its full-year 2023 net sales and adjusted EBITDA margin guidance.

Generac's Q4 2022 net sales decreased by 2% to $1.05 billion compared to the prior year, with a decline in residential product sales partially offset by growth in commercial and industrial product sales. Net income attributable to the company was $71 million, or $0.83 per share, while adjusted EBITDA was $174 million, representing 16.6% of net sales. The company repurchased 2.2 million shares of its common stock for $222 million during the quarter.

Generac's third quarter 2022 results showed a 15% increase in net sales to $1.09 billion compared to the prior year. However, net income decreased to $58 million, or $0.83 per share, due to pre-tax charges of $55.3 million. Adjusted EBITDA was $184 million, or 16.9% of net sales.

Generac Holdings Inc. reported record second-quarter results, with net sales increasing by 40% to $1.29 billion. The company experienced significant sequential margin improvement and is maintaining its full-year 2022 net sales growth guidance of approximately 36 to 40%.

Generac Holdings Inc. reported a 41% increase in net sales to a record $1.14 billion for the first quarter of 2022, driven by strong execution and increased capacity. The company has updated its full-year 2022 net sales growth guidance to approximately 36 to 40% compared to the prior year.

Generac reported record fourth-quarter results, with net sales increasing 40% to $1.07 billion. The company's performance was driven by strong demand across residential and commercial & industrial products, along with strategic acquisitions.

Generac reported a record revenue of $943 million, a 34% increase compared to the prior-year quarter. Net income was $132 million, or $1.93 per share, compared to $115 million, or $1.82 per share, for the same period in 2020.

Generac reported exceptional second-quarter results with a 68% increase in net sales, reaching a record $920 million. The company also achieved record adjusted EBITDA and increased its full-year 2021 net sales growth guidance.

Generac Holdings Inc. reported a record first quarter with net sales increasing by 70% to $807 million. The company's performance was driven by a surge in residential product demand and recovering commercial & industrial markets. As a result, the company substantially increased its full-year 2021 net sales guidance.

Generac's Q4 2020 net sales increased by 29% to a record $761 million, driven by strong residential product sales. The company's net income attributable to the company was $125 million, or $1.97 per share, compared to $70 million, or $1.12 per share, for the same period of 2019.

Generac Holdings Inc. reported record third quarter results with net sales increasing approximately 17% to $701 million compared to the prior-year. Net income attributable to the Company during the third quarter was $115 million, or $1.82 per share, as compared to $76 million, or $1.18 per share, for the same period of 2019.

Generac reported record second-quarter results, with net sales increasing to $546.8 million and net income attributable to the Company reaching $66.1 million, or $1.02 per share. The company's performance was primarily driven by robust demand for home standby generators, leading to an increase in the full-year 2020 sales growth guidance to approximately 5 to 8%.

Generac's first quarter results showed slight net sales growth, driven by residential product strength, but impacted by declines in commercial & industrial products and international sales due to the COVID-19 pandemic. The company's earnings per share decreased slightly, but adjusted EBITDA margin remained strong. They have updated their 2020 outlook to reflect the estimated impact from COVID-19.

Generac reported a 4.9% increase in net sales to $590.9 million in Q4 2019, driven by strong home standby demand. The company's adjusted EBITDA was $129.1 million, or 21.9% of net sales. They also made the first shipments of their new PWRcellTM energy storage system during the quarter.