Generac said net sales for Q2 2024 were $998 million, compared with $1.00 billion in the prior-year period, and core sales were roughly flat. Residential product sales rose about 8% to $538 million, while C&I product sales fell about 10% to $344 million.

1. 01

   Generac said net sales for Q2 2024 were $998 million, compared with $1.00 billion in the prior-year period, and core sales were roughly flat. Residential product sales rose about 8% to $538 million, while C&I product sales fell about 10% to $344 million.

2. 02

   The company said gross profit margin for Q2 was 37.6%, compared with 32.8% a year earlier. It cited favorable sales mix and the realization of lower input costs as the drivers of the increase.

3. 03

   The company said operating cash flow for Q2 was $77.7 million ($83.1 million a year earlier), and free cash flow was $49.7 million. It repurchased 355,640 shares during the quarter for about $51 million. The remaining amount under its repurchase program was about $449 million as of June 30.

4. 04

   The company said it raised its full-year 2024 net sales growth outlook to 4 to 8%, citing recent power outages including Hurricane Beryl. The prior outlook was 3 to 7%. It now expects adjusted EBITDA margin of 17.0 to 18.0%, compared with 16.5 to 17.5% previously.

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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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