Generac Holdings (GNRC) Tops Q1 EPS by 12c ; Provides Outlook

Generac Holdings (NYSE: GNRC) reported Q1 EPS of $0.88, $0.12 better than the analyst estimate of $0.76. Revenue for the quarter came in at $889 million versus the consensus estimate of $887.13 million.

2024 Outlook

The Company is maintaining its full-year 2024 net sales guidance of 3 to 7% growth as compared to the prior year, including a slight favorable impact from foreign currency and acquisitions.

Additionally, the Company now expects net income margin, before deducting for non-controlling interests, to be approximately 6.0 to 7.0% for the full-year 2024. The corresponding adjusted EBITDA margin is still expected to be approximately 16.5 to 17.5%.

The Company continues to expect strong operating and free cash flow generation for the full year, with free cash flow conversion from adjusted net income of approximately 100%.

For earnings history and earnings-related data on Generac Holdings (GNRC) click here.

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