---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-003413"
form_type: "8-K"
ticker: "GNRC"
cik: "0001474735"
company_name: "GENERAC HOLDINGS INC."
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:08:19.738599+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-003413
- form_type: 8-K
- ticker: GNRC
- cik: 0001474735
- company_name: GENERAC HOLDINGS INC.
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474735/000143774923003413/0001437749-23-003413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474735/000143774923003413/gnrc20230213_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003413
- JSON: https://secwatch.observer/filing/0001437749-23-003413.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003413.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474735/000143774923003413/0001437749-23-003413-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.