Generac (US:GNRC)2025-06-24 09:51Financial Performance & Targets - Generac's revenue CAGR from 2010 IPO through 2023F is 16%[19] - The company anticipates approximately 25% GAAP effective tax rate[83] - The company projects to double its adjusted EBITDA from approximately $650 million in 2023F to approximately $1300 million in 2026[90] - The company targets net sales of approximately $585 billion midpoint with 12%-14% CAGR and $1+ billion cumulative FCF from 2024-2026[90] - The company's consolidated net sales decreased by 125% LTM[118] Market Opportunity & Strategy - The company projects approximately 5X expansion of Served Addressable Market (SAM) since 2018, reaching $66 billion in 2026[37] - Every 1% of Home Standby Generator (HSB) penetration represents approximately $3 billion end market opportunity[52] - The company's Energy Technology sales are expected to grow to 21% of overall sales mix[90] - The company's Global C&I net sales are expected to grow from approximately $15 billion in 2023F to approximately $20 billion by 2026[90] HSB Market - The total US penetration rate of Home Standby Generators (HSB) is approximately 575% as of 2022[54]