June 20, 2018 5:41 AM ET

Electrical Equipment

Company Overview of Generac Holdings Inc.

Company Overview

Generac Holdings Inc. designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel. It also provides residential automatic standby generators ranging in output from 6kW to 60kW; air-cooled engine residential standby generators ranging from 6kW to 22kW; liquid-cooled engine generators with outputs ranging from 22kW to 60kW; cellular-based remote monitoring system for home standby generators; and industrial diesel generators ranging in sizes ...

S45 W29290 Highway 59

Waukesha, WI 53189

United States

Founded in 1959

4,017 Employees

Phone:

262-544-4811

Key Executives for Generac Holdings Inc.

Executive Vice President of Strategic Global Sourcing
Age: 57
Total Annual Compensation: $242.8K
Compensation as of Fiscal Year 2016.

Generac Holdings Inc. Key Developments

Generac Holdings Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Revises Earnings Guidance for the Year 2018

Generac Holdings Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales were $397,634,000 against $330,485,000 a year ago. Income from operations was $56,347,000 against $30,890,000 a year ago. Income before provision for income taxes was $45,186,000 against $20,005,000 a year ago. Net income attributable to company was $33,645,000 or $0.42 per basic and diluted share against $12,175,000 or $0.20 per diluted share a year ago. Net cash provided by operating activities was $28,968,000 against net cash used in operating activities of $5,175,000 a year ago. The improvement in cash flow was driven by a variety of factors including the increase in operating earnings as compared to the prior year and lower working capital usage during the current year, partially offset by higher capital expenditures. Expenditures for property and equipment were $6,496,000 against $3,548,000 a year ago. Adjusted EBITDA was $71,781,000 against $46,703,000 a year ago. Adjusted EBITDA attributable to company was $70,232,000 against $45,747,000 a year ago. Adjusted net income attributable to company was $46,082,000 or $0.74 per diluted share against $24,694,000 or $0.39 per diluted share a year ago. Free cash flow was $23,339,000 against negative free cash flow of $8,094,000 a year ago. As of March 31, 2018, consolidated net debt was $794 million. The company is increasing its prior guidance for revenue growth for full-year 2018, which is due to improving end-market conditions for both residential and C&I products. Full year net sales are now expected to improve between 6% to 8% over the prior year, which is an increase from the 3% to 5% growth previously expected. Core sales growth is expected to be between 5% to 6%, which is an increase from the 2% to 3% growth previously expected. Net income margins, before deducting for non-controlling interests, are still expected to be between 9.5% to 10.0% for the full-year 2018, with adjusted EBITDA margins, also before deducting for non-controlling interests, still expected to be between 19.0% to 19.5% for the year. This updated guidance assumes that additional inflationary pressures from higher commodity prices, tariffs, the weaker U.S. dollar and certain wage pressures will be largely offset by the benefit from additional leverage of fixed operating costs on the expected higher core sales growth. Operating and free cash flow generation is expected to be strong, with the conversion of adjusted net income to free cash flow expected to be over 90%. Cash taxes are now anticipated to be approximately $29.5 million to $31.5 million, which translates into a full year 2018 cash income tax rate of approximately 13%.

Generac Holdings Inc. to Report Q1, 2018 Results on May 02, 2018

Generac Holdings Inc. announced that they will report Q1, 2018 results at 11:00 AM, GMT Standard Time on May 02, 2018

Generac Holdings Inc., Q1 2018 Earnings Call, May 02, 2018

Generac Holdings Inc., Q1 2018 Earnings Call, May 02, 2018

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