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Generac Promotes Jim Barnes to Executive Vice President - Global Supply Chain
Prnewswire· 2025-06-05 11:30
WAUKESHA, Wis., June 5, 2025 /PRNewswire/ -- Generac Holdings Inc. (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, today announced the promotion of Jim Barnes to Executive Vice President – Global Supply Chain. Barnes's promotion follows the planned retirement of Roger Pascavis, who will step down on June 27, 2025, after a distinguished 30-year career with Generac. Pascavis joined the company in 1995 and has since held a series of pr ...
Generac Holdings (GNRC) Up 10.3% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-05-30 16:37
A month has gone by since the last earnings report for Generac Holdings (GNRC) . Shares have added about 10.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Generac Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then ...
Generac (GNRC) - 2025 Q1 - Quarterly Report
2025-05-06 20:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34627 GENERAC HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (IRS Emp ...
Generac: Strong Fundamentals, Stock Undervalued
Seeking Alpha· 2025-05-06 04:50
Company Overview - Generac Holdings has evolved from a manufacturer of gasoline generators to a global leader in energy supply over 65 years [1] - Founded in 1959, Generac is credited with inventing the market for automatic home generators [1] Industry Insights - The company operates in the energy supply sector, which has seen significant growth and innovation [1] - Generac's leadership in the market highlights the increasing demand for reliable energy solutions, particularly in residential settings [1]
Generac Urges Homeowners to Prepare as 2025 Hurricane Season Forecasts Above-Average Storm Activity
Prnewswire· 2025-05-05 11:30
With Major Storms Expected, Generac's Hurricane Preparedness Guide Can Help Ensure Power Outages Leave Life Uninterrupted for HomeownersWAUKESHA, Wis., May 5, 2025 /PRNewswire/ -- Generac Holdings, Inc. (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, is urging Americans to prepare for another long, stormy stretch of power outages, spoiled groceries, sweltering homes, and general chaos brought on by predictions for an above-average 2 ...
Generac's Q1 Earnings & Revenues Top Estimates, 2025 Outlook Revised
ZACKS· 2025-04-30 15:25
Generac Holdings Inc (GNRC) reported first-quarter 2025 adjusted earnings per share (EPS) of $1.26, which beat the Zacks Consensus Estimate of 99 cents. GNRC reported adjusted EPS of 88 cents in the prior-year quarter.Net sales were $942 million, up 6% compared with $889 million reported in the prior-year quarter. The figure also beat the consensus estimate of $918.7 million. The increase in Residential product sales offset soft Commercial & Industrial (“C&I”) product sales. Higher demand for home standby g ...
Generac Holdings (GNRC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-04-30 14:35
Generac Holdings (GNRC) reported $942.12 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 5.9%. EPS of $1.26 for the same period compares to $0.88 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $918.71 million, representing a surprise of +2.55%. The company delivered an EPS surprise of +27.27%, with the consensus EPS estimate being $0.99.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...
Generac (GNRC) - 2025 Q1 - Earnings Call Transcript
2025-04-30 14:00
Generac (GNRC) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Speaker0 Hello, and welcome to Generac Holdings, Inc. First Quarter twenty twenty five Earnings You would then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. We ask that you limit yourself to one question only. I will now turn the conference over to Chris Roseman. You may begin. Speaker1 Good morning, and welcome to our first quarter twenty twenty five earnings call. I'd like ...
Generac (GNRC) - 2025 Q1 - Earnings Call Transcript
2025-04-30 14:00
Generac (GNRC) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Kris Rosemann - Senior Manager - Corporate Development & Investor RelationsAaron P. Jagdfeld - Chairman, President & CEOYork Ragen - CFOTommy Moll - Managing DirectorMichael Halloran - Associate Director of ResearchJeffrey Hammond - Managing DirectorBrian Drab - Co-Group Head–IndustrialsJerry Revich - Senior Investment Leader & Head of US Machinery, Infrastructure, Sustainable Tech franchiseMark Strouse - Executive Director ...
Generac (GNRC) - 2025 Q1 - Quarterly Results
2025-04-30 10:01
Financial Performance - Net sales increased by 6% to $942 million in Q1 2025, compared to $889 million in Q1 2024, with residential product sales up approximately 15% to $494 million[4] - Net income attributable to the Company was $44 million, or $0.73 per share, compared to $26 million, or $0.39 per share, in the same period of 2024[4] - Adjusted EBITDA was $150 million, representing 15.9% of net sales, up from $127 million, or 14.3% of net sales, in the prior year[4] - Gross profit margin improved to 39.5% from 35.6% in the prior-year first quarter, driven by a favorable sales mix and lower input costs[5] - Domestic segment sales increased approximately 9% to $782.3 million, driven by higher sales of home standby generators and energy technology solutions[9] - International segment sales slightly decreased to $185.5 million, impacted by a 5% unfavorable effect from foreign currency[11] - Net sales for Q1 2025 reached $942,121, an increase of 5.9% compared to $889,273 in Q1 2024[35] - Gross profit for Q1 2025 was $371,986, up from $316,379 in Q1 2024, reflecting a gross margin improvement[35] - Net income attributable to Generac Holdings Inc. for Q1 2025 was $43,840, a significant increase of 67.3% from $26,232 in Q1 2024[35] - Adjusted EBITDA for Q1 2025 was $149,546, representing a 17.5% increase from $127,233 in Q1 2024[39] - Domestic sales in Q1 2025 totaled $782,336, compared to $720,473 in Q1 2024, indicating a growth of 8.6%[39] Guidance and Expectations - The Company updated its full-year 2025 net sales growth guidance to 0 to 7%, down from the previous range of 3 to 7%[4] - Adjusted EBITDA margin guidance for 2025 is now expected to be 17.0 to 19.0%, compared to the previous range of 18.0 to 19.0%[15] - Free cash flow is expected to convert from adjusted net income between 70 to 90% for the full year[16] Expenses and Costs - Operating expenses increased by $38.8 million, or 15.6%, primarily due to higher employee costs and increased marketing spend[6] - Research and development expenses increased to $62,048 in Q1 2025, up from $49,410 in Q1 2024, reflecting a focus on innovation[35] Cash and Assets - Cash and cash equivalents decreased to $187,464 as of March 31, 2025, down from $281,277 at the end of 2024[37] - Total current assets as of March 31, 2025, were $1,988,539, a slight decrease from $2,032,170 at the end of 2024[33] - Total liabilities decreased to $2,587,429 as of March 31, 2025, compared to $2,611,888 at the end of 2024[33] Shareholder Returns and Stock Activity - The company repurchased $97,454 in stock during Q1 2025, indicating a commitment to returning value to shareholders[37] Adjusted Income and Other Charges - Adjusted net income for Q1 2025 was $75.80 million, up from $53.20 million in Q1 2024, reflecting a 42.5% growth[43] - Adjusted net income per diluted share increased to $1.26 in Q1 2025 from $0.88 in Q1 2024, marking a 43.2% rise[43] - The weighted average common shares outstanding on a diluted basis decreased from 60,486,125 in Q1 2024 to 59,747,589 in Q1 2025[43] - Amortization of intangible assets was $25.49 million in Q1 2025, slightly up from $24.75 million in Q1 2024[43] - The company incurred $3.75 million in legal, regulatory, and clean energy product charges in Q1 2025, compared to $2.54 million in Q1 2024[43] - Losses attributable to business or asset dispositions were $0.39 million in Q1 2025, significantly higher than $0.04 million in Q1 2024[43] - The change in fair value of investments resulted in a loss of $9.95 million in Q1 2025, compared to a loss of $6.02 million in Q1 2024[43] - The tax effect of add backs was $(10.37) million in Q1 2025, compared to $(8.93) million in Q1 2024[43] - The company reported transaction costs and other purchase accounting adjustments of $0.11 million in Q1 2025, down from $0.84 million in Q1 2024[43]