---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021513"
form_type: "8-K"
ticker: "GNRC"
cik: "0001474735"
company_name: "GENERAC HOLDINGS INC."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:48:48.634002+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Generac Q2 net sales down 23% YoY; cuts FY2023 outlook as residential weakens

## Summary
- Net sales $1.00B (-23% YoY); residential sales $499M (-44%), C&I $384M (+24%).
- GAAP EPS $0.70 vs $2.21; adjusted EPS $1.08 vs $2.86; net income $45M vs $156M.
- Adjusted EBITDA $137M (13.6% margin) vs $271M (21.0%) in prior year quarter.
- FY2023 outlook reduced: net sales decline -10% to -12% (prior -6% to -10%); EBITDA margin 15.5-16.5% (prior 17-18%).
- Free cash flow $54M vs $6M; working capital improvement partially offsets lower earnings.

## SEC filing metadata
- accession: 0001437749-23-021513
- form_type: 8-K
- ticker: GNRC
- cik: 0001474735
- company_name: GENERAC HOLDINGS INC.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474735/000143774923021513/0001437749-23-021513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474735/000143774923021513/gnrc20230801_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021513
- JSON: https://secwatch.observer/filing/0001437749-23-021513.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021513.txt

## Key facts
- Earnings Releases
  GENERAC HOLDINGS INC. reported second quarter ended June 30, 2023 results: revenue $1.00 billion, net income $45 million, or $0.70 per share, EPS $0.70 per share. Guidance lowered.
  - Period: second quarter ended June 30, 2023
  - Revenue: $1.00 billion
  - Net income: $45 million, or $0.70 per share
  - EPS: $0.70 per share
  - Guidance: lowered
  - Result: reported results
  source text: results for its second quarter ended June 30, 2023 and provided an update on its outlook for the full year 2023. Second Quarter 2023 Highlights ● Net sales decreased 23% to $1.00 billion during the second quarter of 2023 as compared to $1.29 billion in the prior-year second quarter. Core sales growth, which excludes both the impact of acquisitions and foreign
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474735/000143774923021513/0001437749-23-021513-index.htm

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