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September 01, 2015 10:16 AM ET

Electrical Equipment

Company Overview of Generac Holdings Inc.

Company Overview

Generac Holdings Inc. designs, manufactures, and markets power generation equipment and other engine powered products for the residential, light commercial, industrial, oil and gas, and construction markets in the United States, Canada, and internationally. It offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel. The company provides residential automatic standby generators ranging in output from 6kW to 60kW; air-cooled engine residential standby generators ranging from 6kW to 20kW; and liquid-cooled engine generators with outputs ranging from 22kW to 60kW, as well as industrial diesel generators ranging in ...

S45 W29290 Highway 59

Waukesha, WI 53189

United States

Founded in 1959

3,198 Employees

Phone:

262-544-4811

Key Executives for Generac Holdings Inc.

Chief Executive Officer, President and Director
Age: 43
Total Annual Compensation: $731.1K
Chief Financial Officer and Chief Accounting Officer
Age: 44
Total Annual Compensation: $362.7K
Executive Vice President of Community & External Relations
Age: 63
Total Annual Compensation: $392.0K
Executive Vice President of North America
Age: 54
Total Annual Compensation: $371.3K
Executive Vice President of Strategic Global Sourcing
Age: 55
Total Annual Compensation: $227.7K
Compensation as of Fiscal Year 2014.

Generac Holdings Inc. Key Developments

Generac Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revised Earnings Guidance for the Full Year 2015

Generac Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $288,360,000 compared to $362,609,000 a year ago. Income from operations was $39,467,000 compared to $78,160,000 a year ago. Income before provision for income taxes was $23,472,000 compared to $82,422,000 a year ago. Net income was $14,844,000 or $0.21 per diluted share compared to $54,025,000 or $0.77 per diluted share a year ago. Adjusted EBITDA was $52,422,000 compared to $84,532,000 a year ago. Adjusted net income before provision for income taxes was $36,202,000 compared to $68,813,000 a year ago. Adjusted net income was $35,282,000 or $0.50 per diluted share compared to $57,123,000 or $0.82 per diluted share a year ago. Net cash provided by operating activities was $16,322,000 compared to $48,932,000 a year ago. Expenditures for property and equipment were $7,730,000 compared to $8,392,000 a year ago. For the six months, the company reported net sales of $600,178,000 compared to $704,617,000 a year ago. Income from operations was $84,378,000 compared to $143,466,000 a year ago. Income before provision for income taxes was $54,175,000 compared to $136,646,000 a year ago. Net income was $34,529,000 or $0.49 per diluted share compared to $88,726,000 or $1.27 per diluted share a year ago. Net cash provided by operating activities was $41,579,000 compared to $85,285,000 a year ago. Expenditures for property and equipment were $14,258,000 compared to $13,317,000 a year ago. Adjusted EBITDA was $109,560,000 compared to $162,030,000 a year ago. Adjusted net income before provision for income taxes was $75,730,000 compared to $129,398,000 a year ago. Adjusted net income was $69,695,000 or $0.99 per diluted share compared to $107,838,000 or $1.54 per diluted share a year ago. The company is revising its prior guidance for revenue growth and adjusted EBITDA margins for the full year 2015. Assuming that power outages during the second half of 2015 don't improve from the very low levels experienced during the first half, net sales for 2015 would be expected to decline approximately 10% to approximately $1.31 billion for the full year. Previously, the company expected flat revenues. Given these assumptions, adjusted EBITDA margins for the full year are now expected to be approximately 21%. Should the outage severity environment normalize during the second half of 2015, the company could exceed these expectations.

Generac Holdings Eyes Acquisitions

Generac Holdings Inc. (NYSE:GNRC) is seeking acquisitions. Aaron Jagdfeld, President and Chief Executive Officer of Generac Holdings said, “We remain committed to our Powering Ahead strategy and we're confident we will continue to have the financial flexibility to pursue future growth opportunities, both organically and through acquisitions."

Generac Holdings Inc. to Report Q2, 2015 Results on Aug 06, 2015

Generac Holdings Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Daylight on Aug 06, 2015

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