Generac said net sales for Q4 2023 rose 1% from $1.05 billion a year earlier, an $1.06 billion increase. The company said core sales, which exclude the impact of acquisitions and foreign currency, were roughly flat from the prior-year period.

1. 01

   Generac said net sales for Q4 2023 rose 1% from $1.05 billion a year earlier, an $1.06 billion increase. The company said core sales, which exclude the impact of acquisitions and foreign currency, were roughly flat from the prior-year period.

2. 02

   Generac said gross profit margin for Q4 2023 rose from 32.7% to 36.5% from the prior-year quarter, citing product mix, production efficiencies, and lower raw material and logistics costs as factors. It said Adjusted EBITDA before deducting noncontrolling interests was $213 million, or 20.0% of net sales.

3. 03

   Generac said cash flow from operations for Q4 2023 was $316.9 million and free cash flow was $266.4 million. The company cited a reduction of $144 million in inventory during Q4 and higher operating earnings as drivers of the improvement, partially offset by higher capital expenditures.

4. 04

   Generac said it expects full-year 2024 net sales growth of approximately 3 to 7% and an Adjusted EBITDA margin before deducting noncontrolling interests of approximately 16.5 to 17.5%. The company said it expects Residential product sales to grow in the mid-teens range and C&I product sales to decline approximately 10%.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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