secwatch.observer — SEC 8-K summary
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Issuer:     GENERAC HOLDINGS INC. (GNRC)
CIK:        0001474735
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001437749-24-003977
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474735/000143774924003977/0001437749-24-003977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474735/000143774924003977/gnrc20240212_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-003977

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer