Generac Q4 adj. EPS $2.07 beat; guides 2024 sales growth 3-7%; new $500M buyback

GENERAC HOLDINGS INC.

2023-FY EPS reported $3.27 revenue$4,022,667,000

Q4 net sales $1.06B (+1% YoY); net income $97M ($1.57 EPS); adjusted EPS $2.07 vs $1.78 prior year.
Record Q4 free cash flow $266M vs $80M; full-year free cash flow $396M vs ($24M) in 2022.
Full-year 2023 net sales down 12% to $4.02B; residential -29% to $2.06B; C&I +19% to $1.49B.
2024 guidance: net sales growth 3-7%; adj. EBITDA margin 16.5-17.5%; residential mid-teens growth.
Board authorized new $500M share repurchase program over 24 months; completed $30M Wallbox investment.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENERAC HOLDINGS INC. updated its fourth quarter and full year ended December 31, 2023 guidance (reaffirmed).

Period: fourth quarter and full year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 14, 2024, Generac Holdings Inc. (the “Company,” “we,” “us” or “our”) issued a press release (the “Press Release”) announcing its financial results for the fourth quarter and full year ended December 31, 2023.

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GENERAC HOLDINGS INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-003977

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