Generac Q1 net sales down 22%; residential drops 46%; maintains FY guidance

GENERAC HOLDINGS INC.

2023-Q1 EPS reported $0.05 revenue$887,910,000

Net sales $888M (-22% YoY); core sales -24%; residential $419M (-46%), C&I $363M (+30%).
GAAP EPS $0.05 vs $1.57 prior year; adjusted EPS $0.63 vs $1.98.
Adjusted EBITDA $100M (11.3% margin) vs $196M (17.3%) prior year.
Closed REFU Storage acquisition Feb 1 and bought remaining 20% of Pramac on Mar 8.
Maintains FY 2023 guidance: net sales -6 to -10%, adj. EBITDA margin 17-18%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENERAC HOLDINGS INC. updated its first quarter ended March 31, 2023 guidance (reaffirmed).

Period: first quarter ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 3, 2023, Generac Holdings Inc. (the "Company," "we," "us" or "our") issued a press release (the "Press Release") announcing its financial results for the first quarter ended March 31, 2023.

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GENERAC HOLDINGS INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-012184

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