Generac Holdings Inc

GNRC

Equity

ISIN US3687361044 / Valor 10683479

New York Stock Exchange, Inc (2024-11-21)

USD 183.52+1.85%

Generac Holdings Inc
UMushroom community rating:

4.00 1 votes No rating yet

NegativeNeutralPositive

About company

Generac Holdings Inc is a prominent energy technology company specializing in providing advanced power grid software solutions, backup and prime power systems for residential and industrial use, solar + battery storage solutions, virtual power plant platforms, and engine- and battery-powered tools and equipment. The company is dedicated to offering sustainable and cleaner energy products that are set to transform the electrical grid in the 21st century. Generac recently made a minority equity investment in WATT Fuel Cell Corp, a leading developer of low emissions Solid Oxide Fuel Cell stacks and systems, with plans to collaborate on designing low-emission resiliency solutions.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

Generac Holdings Inc. reported net sales of $889 million for the first quarter of 2024, a slight increase from $888 million in the same period of the previous year. Core sales, excluding acquisitions and foreign currency impacts, were down approximately 1% year-over-year.

Net Income

For the first quarter of 2024, Generac Holdings Inc. achieved a net income of $26 million, or $0.39 per share, compared to $12 million, or $0.05 per share, in the first quarter of 2023. Adjusted net income was $53 million, or $0.88 per share, up from $39 million, or $0.63 per share, in the prior year.

Cash Flow

Generac Holdings Inc. generated $112 million in cash flow from operations during the first quarter of 2024, a significant improvement from $(19) million in the same quarter of 2023. Free cash flow was $85 million, compared to $(42) million in the first quarter of the previous year.

Gross Profit Margin

The gross profit margin for Generac Holdings Inc. in the first quarter of 2024 was 35.6%, up from 30.7% in the first quarter of 2023. This increase was primarily driven by a favorable sales mix, production efficiencies, and lower input costs.

2024 Outlook

Generac Holdings Inc. is maintaining its full-year 2024 net sales guidance of 3 to 7% growth compared to the prior year. The company expects a net income margin of approximately 6.0 to 7.0% and an adjusted EBITDA margin of around 16.5 to 17.5% for the full year. Strong operating and free cash flow generation is also anticipated.

Summarized from source with an LLMView Source

Key figures

62.9%1Y

-57.7%3Y

95.5%5Y

Performance

35.5%1Y

56.6%3Y

53.3%5Y

Volatility

11250 M

Market cap (USD)

123,681

Daily traded volume (Shares)

185.53 / 179.25

1 day high/low (USD)

0.00 / 0.00

52 weeks high/low (USD)

01 January, 2022

Dividend ex-date

0.00

Dividend (USD)

0.00%

Dividend yield (p.a.)

0.002022

0.002023

0.002024

Est dividend (USD)

0.00%2022

0.00%2023

0.00%2024

Est dividend yield

10.00

P/E ratio

00.002022

00.002023

00.002024

Est P/E ratio

0.00

EPS (USD)

0.002022

0.002023

0.002024

Est EPS (USD)

Ratings & reviews

4.00

1 votes

Performance:

4.00

Innovation:

4.00

Society:

3.00

Nature:

3.00

Tej Ram Kumpakha

Switzerland, 25 Mar 2022

Due to the inflation, the net profit is likely to be squeezed which will directly impact the share price. But in the long term, the share price will rebound.

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