---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029637"
form_type: "8-K"
ticker: "GNRC"
cik: "0001474735"
company_name: "GENERAC HOLDINGS INC."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:24:03.494884+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Generac Q3 net sales down 2% to $1.07B; adjusted EBITDA margin improves to 17.6%; FY outlook maintained

## Summary
- Q3 net sales $1.07B (-2% YoY); adjusted EPS $1.64 vs $1.75 prior year.
- Residential sales fell 15% to $565M; C&I sales rose 24% to $385M.
- Gross margin expanded to 35.1% from 33.2%; free cash flow $117M vs -$73M YoY.
- FY2023 net sales guidance -10 to -12%; adj. EBITDA margin 15.5-16.5%; net income margin lowered to 5-6%.
- Repurchased 875,580 shares for $100M in Q3; $178M remaining under buyback program.

## SEC filing metadata
- accession: 0001437749-23-029637
- form_type: 8-K
- ticker: GNRC
- cik: 0001474735
- company_name: GENERAC HOLDINGS INC.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1474735/000143774923029637/0001437749-23-029637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1474735/000143774923029637/gnrc20231030_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029637
- JSON: https://secwatch.observer/filing/0001437749-23-029637.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029637.txt

## Key facts
- Earnings Releases
  GENERAC HOLDINGS INC. reported third quarter ended September 30, 2023 results: revenue $1.07 billion, net income $60 million, or $0.97 per share, EPS $0.97 per share. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2023
  - Revenue: $1.07 billion
  - Net income: $60 million, or $0.97 per share
  - EPS: $0.97 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: results for its third quarter ended September 30, 2023 and provided an update on its outlook for the full year 2023. Third Quarter 2023 Highlights ● Net sales decreased 2% to $1.07 billion during the third quarter of 2023 as compared to $1.09 billion in the prior-year third quarter. Core sales growth, which excludes both the impact of acquisitions and foreign
  evidence_url: https://www.sec.gov/Archives/edgar/data/1474735/000143774923029637/0001437749-23-029637-index.htm

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