secwatch.observer — SEC 8-K summary
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Issuer:     GENERAC HOLDINGS INC. (GNRC)
CIK:        0001474735
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001437749-24-032683
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Generac Q3 sales $1.17B (+10% YoY); residential up 28%; raises FY24 guidance on outage activity
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- Net sales $1.17B, up 10% YoY; residential segment surged 28% to $723M, driven by home standby and portable generators.
- GAAP net income $114M ($1.89 EPS); adjusted net income $136M ($2.25 EPS), up from $1.64 prior year.
- Adjusted EBITDA $232M (19.8% margin vs 17.6% prior year); free cash flow $184M, up from $117M.
- Raised FY24 guidance: net sales growth 5-9% (prev. 4-8%), adj. EBITDA margin 17.5-18.5% (prev. 17-18%).
- Repurchased 690,711 shares for $102M in Q3; $347M remaining under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474735/000143774924032683/0001437749-24-032683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474735/000143774924032683/gnrc20241028_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-032683

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