earnings
confidence high
sentiment positive
materiality 0.85
Generac Q2 record sales $1.29B (+40% YoY); adj EPS $2.99 vs $2.39; maintains FY22 guidance
GENERAC HOLDINGS INC.
2022-Q2 EPS reported
$3.78
revenue$2,427,247,000
- Net sales $1.29B (+40% YoY); core sales +33%; residential $896M (+49%), C&I $309M (+22%).
- GAAP net income $156M ($2.21 diluted EPS); adjusted net income $194M ($2.99 adj EPS) – both records.
- Adjusted EBITDA record $271M (21.0% margin) vs $218M (23.7%) last year; operating cash flow $23.8M.
- Full-year 2022 guidance maintained: net sales growth ~36-40%, adj EBITDA margin ~21.5-22.5%.
- Amended credit facility: $750M term loan, $1.25B revolver; new $500M share repurchase program approved.