The company said its Q3 2024 net sales were $1.17 billion, up about 10% from $1.07 billion a year earlier. Residential product sales rose about 28% to $723 million, while C&I product sales fell about 15% to $328 million.

1. 01

   The company said its Q3 2024 net sales were $1.17 billion, up about 10% from $1.07 billion a year earlier. Residential product sales rose about 28% to $723 million, while C&I product sales fell about 15% to $328 million.

2. 02

   Generac said its gross profit margin for Q3 2024 was 40.2%, higher than 35.1% a year earlier. The company cited favorable sales mix and lower input costs as the drivers, and said Adjusted EBITDA was $232 million, or 19.8% of net sales.

3. 03

   The company said operating cash flow for Q3 2024 was $212 million and free cash flow was $184 million, compared with $140 million and $117 million a year earlier. It repurchased 690,711 shares of common stock in the quarter for about $102 million. As of September 30, about $347 million remained under its repurchase program.

4. 04

   The company raised its full-year 2024 net sales growth outlook to 5 to 9% from 4 to 8%, and raised its Adjusted EBITDA margin outlook to 17.5 to 18.5% from 17.0 to 18.0%. The company cited higher-than-expected power outage activity, including Hurricane Helene and Hurricane Milton, as the reasons.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.