Generac said net sales for Q4 2024 rose 16% from $1.06 billion a year earlier, a $1.23 billion. Residential product sales grew 28% to $743 million, while C&I product sales were roughly flat at $363 million.

1. 01

   Generac said net sales for Q4 2024 rose 16% from $1.06 billion a year earlier, a $1.23 billion. Residential product sales grew 28% to $743 million, while C&I product sales were roughly flat at $363 million.

2. 02

   The company said gross profit margin for Q4 was 40.6%, up from 36.5% a year earlier, and cited favorable sales mix and lower input costs as the reasons. Adjusted EBITDA was $265 million, or 21.5% of net sales.

3. 03

   Generac said operating cash flow for 2024 was a record $741 million and free cash flow was a record $605 million, both above the prior year's $522 million and $396 million. It also said it repurchased about 1.05 million shares for $153 million and repaid about $278 million of debt on a net basis.

4. 04

   Generac said it expects full-year 2025 net sales to grow 3 to 7% from the prior year. It projects an adjusted EBITDA margin of about 18.0 to 19.0%, and free cash flow conversion from adjusted net income of 80 to 90%.

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Original filing

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