Thomas F. Pettit
Thomas F. Pettit, Chief Operations Officer of Generac Holdings, Inc. (the “Company”), gave notice of his intention to resign from the Company effective November 1, 2022, to pursue another business opportunity.
Highest-materiality recent filing
Generac Q2 net sales up 11% to $1.17B; raises FY2026 adjusted EBITDA margin guidance to 20-21%
Net sales $1.17B (+11% YoY); net income $143M ($2.40 EPS) vs $74M ($1.25 EPS) in Q2 2025.
Generac shareholders elect directors, ratify auditor, approve exec compensation
Elected directors Avedon, Morgan, Zarcone each for three-year term; highest vote for Zarcone (43.1M for).
Generac Q1 sales +12% to $1.06B; raises FY26 sales and margin outlook
Net sales $1.06B (+12% YoY); C&I segment +28% to $510M; Residential +1% to $549M.
Generac reorganizes segments, recasts 2025 sales; awards $3M in performance shares to executives
Effective March 31, 2026, segments change from Domestic/International to Residential and C&I.
Generac reports Q4 net loss of $24M on $1.09B revenue; guides mid-teens growth for 2026
Net sales $1.09B (-12% YoY); net loss ($24M) vs. income $117M prior year; legal settlement provision $104.5M.
Generac Q3 net sales down 5% to $1.11B; lowers FY2025 guidance on weak outage environment
GAAP EPS $1.12 vs $1.89 YoY; adjusted EPS $1.83 vs $2.25; residential sales fell 13% to $627M.
Generac Q2 net sales up 6% to $1,061M; raises FY25 adj. EBITDA margin guidance to 18.0-19.0%
Q2 GAAP EPS $1.25 vs $0.97 YoY; adjusted EPS $1.65 vs $1.35.
Generac refinances credit facilities; $700M term loan & $1B revolver due 2030
New $700M term loan A and $1B revolver, both mature July 1, 2030.
Generac shareholders elect directors, ratify auditor, approve say-on-pay at 2025 annual meeting
All three director nominees elected: Jagdfeld (41.1M for, 4.1M withhold), Lampereur (39.8M for, 4.7M withhold), Nguyen (37.8M for, 7.3M withhold).
Generac Q1 net sales +6% to $942M; adjusts FY25 guidance lower on tariff uncertainty
Net sales $942M (+6% YoY); residential +15% to $494M, C&I -5% to $337M.
Generac reports record Q4 net sales $1.23B (+16% YoY); adj EPS $2.80 vs $2.07
Q4 residential product sales up 28% to $743M; C&I flat at $363M.
Generac Q3 sales $1.17B (+10% YoY); residential up 28%; raises FY24 guidance on outage activity
Net sales $1.17B, up 10% YoY; residential segment surged 28% to $723M, driven by home standby and portable generators.
Generac Q2 adj EPS $1.35 beats; raises FY24 outlook on Hurricane Beryl demand
Net sales $998M flat YoY; residential up 8%, C&I down 10%.
Generac replaces Term Loan B with $500M new facility; maturity extended to 2031
New $500M Term Loan B replaces prior $830M facility; $30M cash payment made at closing.
All four director nominees elected; Robert D. Dixon received 39,379,615 votes for (6,836,272 withhold).
Generac Q1 net sales flat at $889M; adjusted EPS up 36% to $0.88, guidance maintained
Net sales $889M (flat YoY); core sales down ~1%. Residential +2%, C&I -2%.
Generac Q4 adj. EPS $2.07 beat; guides 2024 sales growth 3-7%; new $500M buyback
Q4 net sales $1.06B (+1% YoY); net income $97M ($1.57 EPS); adjusted EPS $2.07 vs $1.78 prior year.
Q3 net sales $1.07B (-2% YoY); adjusted EPS $1.64 vs $1.75 prior year.
Generac Q2 net sales down 23% YoY; cuts FY2023 outlook as residential weakens
Net sales $1.00B (-23% YoY); residential sales $499M (-44%), C&I $384M (+24%).
Generac annual meeting approves all proposals; board sets annual advisory vote on exec comp
Elected directors Avedon, Morgan, Zarcone; votes ranged from 37.7M to 45.0M for, with significant withhold votes.
Generac Q1 net sales down 22%; residential drops 46%; maintains FY guidance
Net sales $888M (-22% YoY); core sales -24%; residential $419M (-46%), C&I $363M (+30%).
Generac adopts proxy access bylaw allowing 3% holder groups to nominate directors
Stockholders owning 3%+ for >=3 years can nominate up to 20% of board or 2 directors via company proxy.
Q4 sales down 2% to $1.05B; residential products fall 19% YoY; 2023 guide sees 6-10% revenue decline
Q4 net sales $1.05B (-2% YoY); residential $575M (-19%), C&I $361M (+27%).
Generac amends ecobee purchase agreement, sets earnout at $45M in shares
Earnout payment originally up to $60M now fixed at $45M based on projected performance.
Generac Q3 net sales up 15% to $1.09B but net income drops 56% on $55.3M charges
Net income $58M ($0.83/sh) vs $132M ($1.93/sh); includes $55.3M charges for clean energy customer bankruptcy and warranty.
Preliminary Q3 net sales $1.09B (+15% YoY); net income $58M ($0.83/sh) vs $132M ($1.93/sh) prior year.
Generac Q3 prelim sales $1.09B (+15% YoY) but net income drops 56% to $58M; FY22 guidance slashed
Preliminary Q3 net sales $1.09B (+15% YoY); net income $58M ($0.83 EPS) vs $132M ($1.93) in Q3 2021.
Generac COO Thomas Pettit to resign effective Nov 1, 2022
Chief Operations Officer Thomas F. Pettit notified Generac of resignation effective November 1, 2022.
Generac Q2 record sales $1.29B (+40% YoY); adj EPS $2.99 vs $2.39; maintains FY22 guidance
Net sales $1.29B (+40% YoY); core sales +33%; residential $896M (+49%), C&I $309M (+22%).
Generac enters $750M term loan and $1.25B revolver, repays $250M of existing term loans
Third Amendment establishes $750M 2022 Tranche A Term Loan and $1.25B revolving credit facility, maturing June 29, 2027.
Generac shareholders re-elect all four directors, ratify auditor, approve advisory say-on-pay
John Bowlin re-elected with 41.9M for vs 9.1M against; broker non-votes 4.3M.
Generac Q1 sales up 41% to record $1.14B; guides FY22 sales growth 36-40%
GAAP EPS $1.57 vs $2.33 YoY; adjusted EPS $2.09 vs $2.38.
Generac Q4 revenue beats at $1.07B, +40% YoY; 2022 guidance implies 32-36% growth
Q4 net sales $1.07B (+40% YoY); core sales +35%; residential +42%, C&I +43%.
Russell Minick, CMO, to retire; will remain until May 1, 2022
Russell Minick, Chief Marketing Officer, announced retirement effective no later than May 1, 2022.
Generac elects Nam Tran Nguyen to Board of Directors effective March 1, 2022
Nam Tran Nguyen, COO of Generate Capital, joins Generac's Board as Class I director.
Generac to acquire ecobee for up to $770M in cash and stock
Deal: $200M cash, $450M in common stock at closing, plus up to $120M in earnout shares upon achieving performance targets by June 2023.
Generac Q3 net sales up 34% to record $943M; adjusted EPS $2.35; lowers margin guidance
Net sales $943M (+34% YoY); core sales +30%; residential +33% to $609M, C&I +47% to $258M.
Generac reports record Q2 revenue $920M (+68% YoY); raises FY 2021 sales growth guidance to ~47-50%
Net sales record $920M (+68% YoY); core sales +64%. Residential +76% to $600M, C&I +64% to $254M.
Thomas F. Pettit, Chief Operations Officer of Generac Holdings, Inc. (the “Company”), gave notice of his intention to resign from the Company effective November 1, 2022, to pursue another business opportunity.
On February 11, 2022, Russell Minick, Chief Marketing Officer of Generac Holdings, Inc. (the “Company”), gave notice of his intention to retire from the Company.
elected Nam Tran Nguyen to serve as a Class I director of the Company, effective March 1, 2022.
Max materiality 0.85 · Median 0.75 · Most common event earnings