The company said gross profit margin for the 9-month period ended September 30, 2024 was 38.0%, up from 33.0% in the prior-year period. It cited a favorable product mix, including higher home standby generator sales, and lower cost of goods sold as the reasons.

1. 01

   The company said gross profit margin for the 9-month period ended September 30, 2024 was 38.0%, up from 33.0% in the prior-year period. It cited a favorable product mix, including higher home standby generator sales, and lower cost of goods sold as the reasons.

2. 02

   Generac said net income attributable to Generac Holdings Inc. for the 9-month period ended September 30, 2024 rose to $199.1 million from $118.0 million a year earlier. Income tax provision was $65.1 million, and the effective tax rate was 24.6% (prior-year period: 26.4%).

3. 03

   The company said Adjusted EBITDA for the 9-month period was $450.4 million for the Domestic segment, or 17.5% of segment total sales (prior-year period: 13.6%), and $73.4 million for the International segment, or 13.6% (prior-year period: 14.5%). International figures are stated before deducting non-controlling interests. It cited reduced operating leverage on lower shipments as the reason for the margin decline.

4. 04

   The company said total liquidity was $1,313.4 million as of September 30, 2024, consisting of $214.2 million in cash and cash equivalents and $1,099.2 million available under its Revolving Facility. In July 2024, it repaid the $530.0 million outstanding balance of its former Tranche B term loan and replaced it with a new $500.0 million Tranche B facility maturing on July 3, 2031.

Key figures

Quarter ended September 30, 2024

Revenue

$1.2B

Operating income

$169M

Net income

$114M

EPS

$1.89

Gross profit

$472M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.