Generac Q4 2020 Earnings Report
Key Takeaways
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.
Net sales increased 29% to a record $761 million.
Residential product sales increased 55% to $499 million.
Net income attributable to the Company during the fourth quarter was $125 million, or $1.97 per share.
Cash flow from operations was a record $218 million.
Generac
Generac
Generac Revenue by Segment
Generac Revenue by Geographic Location
Forward Guidance
The Company is initiating its full-year 2021 net sales growth guidance to be approximately 25 to 30% compared to the prior year on an as-reported basis. Adjusted EBITDA margin is expected to be approximately 24.0 to 25.0%.
Positive Outlook
- Key demand metrics for home standby generators continued to trend much higher.
- The solar plus storage market is projected to experience significant year-over-year growth during 2021.
- Shipments for C&I products are expected to return to growth across a number of key end markets and geographies.
- Net sales are expected to increase between 25 to 30%.
- Adjusted EBITDA margin expected to be approximately 24.0 to 25.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income