Q4 sales down 2% to $1.05B; residential products fall 19% YoY; 2023 guide sees 6-10% revenue decline

GENERAC HOLDINGS INC.

2022-FY EPS reported $5.42 revenue$4,564,737,000

Q4 net sales $1.05B (-2% YoY); residential $575M (-19%), C&I $361M (+27%).
Q4 GAAP EPS $0.83; adjusted EPS $1.78; adjusted EBITDA margin 16.6% vs 20.7% prior year.
Full-year 2022 net sales record $4.56B (+22%); net income $400M, adjusted EPS $8.33.
2023 outlook: net sales decline 6-10%; adjusted EBITDA margin 17-18%; free cash flow conversion >100% of adjusted net income.
Repurchased 2.2M shares for $222M in Q4; $278M remaining under buyback program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENERAC HOLDINGS INC. reported fourth quarter and full year ended December 31, 2022 results: revenue $1.05 billion, net income $71 million, EPS $0.83 per share. Guidance reaffirmed.

Period: fourth quarter and full year ended December 31, 2022
Revenue: $1.05 billion
Net income: $71 million
EPS: $0.83 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

results for its fourth quarter and full-year ended December 31, 2022 and initiated its outlook for the full-year 2023. Fourth Quarter 2022 Highlights ● Net sales decreased 2% to $1.05 billion during the fourth quarter of 2022 as compared to $1.07 billion in the prior-year fourth quarter. Core sales, which excludes both the impact of acquisitions and foreign currency,

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Source: SEC EDGAR

accession 0001437749-23-003413

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