earnings
confidence high
sentiment neutral
materiality 0.75
Generac Q1 sales up 41% to record $1.14B; guides FY22 sales growth 36-40%
GENERAC HOLDINGS INC.
2022-Q1 EPS reported
$1.57
revenue$1,135,856,000
- GAAP EPS $1.57 vs $2.33 YoY; adjusted EPS $2.09 vs $2.38.
- Gross margin fell to 31.8% from 39.9% on higher input costs and supply chain challenges.
- Adjusted EBITDA margin 17.3% vs 26.5% YoY; full-year margin guided 21.5-22.5% (from 22-23%).
- Residential sales +43% to $777M; C&I +38% to $279M; International +49%.
- Free cash flow negative $36.8M vs positive $125.8M a year ago on higher working capital.