earnings
confidence high
sentiment neutral
materiality 0.85
Generac Q3 net sales up 34% to record $943M; adjusted EPS $2.35; lowers margin guidance
GENERAC HOLDINGS INC.
2021-Q3 EPS reported
$6.27
revenue$2,670,113,000
- Net sales $943M (+34% YoY); core sales +30%; residential +33% to $609M, C&I +47% to $258M.
- Net income $132M ($1.93 diluted EPS); adjusted net income $151M ($2.35 adjusted EPS).
- Adjusted EBITDA $209M (22.2% of sales) vs $179M (25.5%) last year; pressured by input costs.
- Full-year 2021 net sales growth guidance maintained at 47-50%; adjusted EBITDA margin cut to ~23.5% from 24.5-25%.
- Announced acquisition of ecobee on Nov 1; closed Chilicon, Apricity, Off Grid Energy, Tank Utility in Q3.