earnings
confidence high
sentiment positive
materiality 0.85
Generac reports record Q2 revenue $920M (+68% YoY); raises FY 2021 sales growth guidance to ~47-50%
GENERAC HOLDINGS INC.
2021-Q2 EPS reported
$4.34
revenue$1,727,415,000
- Net sales record $920M (+68% YoY); core sales +64%. Residential +76% to $600M, C&I +64% to $254M.
- Net income $127M ($2.01 EPS); adjusted net income $153M ($2.39 EPS). Adjusted EBITDA record $218M (23.7% margin).
- Raised FY2021 revenue growth guidance to ~47-50% (prev 40-45%); adjusted EBITDA margin 24.5-25.0% (prev up to 25.5%).
- Completed acquisitions of Deep Sea Electronics (June 1) and Chilicon Power (July 2); started production at Trenton, SC plant.
- Gross margin declined to 36.9% from 38.2% due to higher input costs, partly offset by pricing and volume leverage.