---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012184"
form_type: "8-K"
ticker: "GNRC"
cik: "0001474735"
company_name: "GENERAC HOLDINGS INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:54:31.354334+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-23-012184
- form_type: 8-K
- ticker: GNRC
- cik: 0001474735
- company_name: GENERAC HOLDINGS INC.
- filed_at: 2023-05-03T23:59:59+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/1474735/000143774923012184/0001437749-23-012184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474735/000143774923012184/gnrc20230501_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012184
- JSON: https://secwatch.observer/filing/0001437749-23-012184.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012184.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474735/000143774923012184/0001437749-23-012184-index.htm

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