Generac (US:GNRC)2023-08-10 17:32Financial Performance - Generac's net sales for the latest twelve months (LTM) reached $40258 billion, a decrease of 93% year-over-year[29] - Residential sales for LTM were $21564 billion, down 278% year-over-year[29] - Commercial & Industrial sales for LTM were $14200 billion, up 256% year-over-year[29] - Adjusted EBITDA for LTM was $5941 million, a decrease of 338% year-over-year, with a margin of 148%[29] - Free cash flow for LTM was $190 million, a decrease of 639% year-over-year[29] Market and Strategy - The company estimates a served addressable market (SAM) of $72 billion by 2025, a projected 5x expansion since 2018[75] - The company has a high home standby (HSB) penetration opportunity, with the highest penetrated markets in the US at 15-20%+[78] - US tower count has increased by 30% over the last 2 years to 416000[130] Outlook - The company anticipates a consolidated revenue decrease between 10% to 12%[89] - The company expects a 2% net impact from acquisitions and foreign currency[89] - The company projects adjusted EBITDA margins of approximately 155% to 165%[103, 117]