Loading...
•
Mar 31, 2022
Generac Q1 2022 Earnings Report
Generac experienced record net sales driven by strong execution and increased capacity.
Key Takeaways
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.
Net sales increased 41% to a record $1.14 billion compared to the prior-year first quarter.
Residential product sales grew 43% to $777 million compared to last year.
Commercial & Industrial product sales increased 38% to $279 million compared to the prior year.
The company is updating its full-year 2022 net sales growth guidance to be approximately 36 to 40%.
Generac
Generac
Generac Revenue by Segment
Generac Revenue by Geographic Location
Revenue by Segment
Residential Products Revenue
CapyFin.comCommercial & Industrial Products Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The Company is increasing its full-year 2022 net sales guidance to be approximately 36 to 40%, which includes approximately 5 to 7% of net impact from acquisitions and foreign currency. The corresponding adjusted EBITDA margin is now expected to be approximately 21.5 to 22.5%.
Positive Outlook
- Net sales growth guidance increased to 36-40%.
- Includes 5-7% net impact from acquisitions and foreign currency.
- Adjusted EBITDA margin expected to be 21.5-22.5%.
- Production output better than expected in Q1.
- Additional price actions being taken in Q2.
Challenges Ahead
- Challenging supply chain environment.
- Inflationary cost pressures.
- Net income margin expected to be approximately 13.0 to 14.0% for the full-year 2022.
- Ongoing supply chain and logistics challenges.
- Higher input costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income