earnings
confidence high
sentiment positive
materiality 0.75
Generac Q2 adj EPS $1.35 beats; raises FY24 outlook on Hurricane Beryl demand
GENERAC HOLDINGS INC.
2024-Q2 EPS reported
$1.36
revenue$1,887,470,000
- Net sales $998M flat YoY; residential up 8%, C&I down 10%.
- Adj net income $82M ($1.35/sh) vs $68M ($1.08/sh) prior year.
- Adj EBITDA margin 16.5% up from 13.6%; guides FY24 rev +4-8%, EBITDA margin 17-18%.
- Repurchased $51M of shares; $449M remaining under buyback program.
- Equity plan amendment approved: adds 3.9M shares, extends term to 2034.