secwatch.observer — SEC 8-K summary
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Issuer:     GENERAC HOLDINGS INC. (GNRC)
CIK:        0001474735
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001437749-23-021513
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474735/000143774923021513/0001437749-23-021513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474735/000143774923021513/gnrc20230801_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021513

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