secwatch.observer — SEC 8-K summary
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Issuer:     GENERAC HOLDINGS INC. (GNRC)
CIK:        0001474735
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001437749-22-025447
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Generac Q3 net sales up 15% to $1.09B but net income drops 56% on $55.3M charges
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- Net income $58M ($0.83/sh) vs $132M ($1.93/sh); includes $55.3M charges for clean energy customer bankruptcy and warranty.
- Adjusted EBITDA margin fell to 16.9% from 22.2%; free cash flow turned negative at $(73.5)M vs $42.1M.
- Full-year 2022 guidance: net sales growth ~22-24%, adjusted EBITDA margin ~18-19%, net income margin ~9-10%.
- Residential sales growth slowed to 9% due to channel inventory constraints; C&I sales grew 20%.
- Board authorized new $500M stock repurchase program over 24 months; Q3 repurchases $123.9M exhausted prior program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474735/000143774922025447/0001437749-22-025447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474735/000143774922025447/gnrc20221031_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-025447

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