NYSE$GNRC

Generac Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Generac's Q2 2022 results were marked by record sales and significant margin improvement, driven by increased capacity and strong execution.

Generac Holdings Inc. reported record second-quarter results, with net sales increasing by 40% to $1.29 billion. The company experienced significant sequential margin improvement and is maintaining its full-year 2022 net sales growth guidance of approximately 36 to 40%.

  • Net sales increased 40% to a record $1.29 billion compared to the prior-year second quarter.
  • Residential product sales grew 49% to $896 million, while Commercial & Industrial product sales increased 22% to $309 million.
  • Net income attributable to the company was $156 million, or $2.21 per share, compared to $127 million, or $2.01 per share, for the same period of 2021.
  • Adjusted EBITDA was a record $271 million, or 21.0% of net sales, compared to $218 million, or 23.7% of net sales, in the prior year.

Headline financials

Total Revenue

$1.29B

Previous: $920M+40.4%
EPS (adj)

$2.99

Previous: $2.39+25.1%
Gross Margin

35.4%

No prior period
Adjusted EBITDA Margin

21.0%

Previous: 23.7%-11.4%
Capital Expenditures

-$46.5M

Previous: -$54.2M+14.2%
Free Cash Flow

$110M

Previous: $72.8M+50.9%
Net Income

$156M

Previous: $127M+23.1%
Operating Income

$217M

Previous: $183M+18.5%
Gross Profit

$457M

Previous: $340M+34.5%
Cash & Equivalents

$467M

Previous: $390M+19.8%
Total Assets

$5.47B

Previous: $3.71B+47.6%
Stock-Based Comp

$7.74M

Previous: $6.97M+10.9%

Revenue & EPS history

Generac · Revenue · Quarterly

$1.29B

Q2 2022+40.4%vs Q2 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Generac · $1.21B total across 2 segments · Q2 2022

  • Residential Products
    $896M+49.3%
  • C&I Products
    $309M+21.7%

Forward guidance

The Company is maintaining its full-year 2022 net sales growth guidance range of approximately 36 to 40% compared to the prior year. The corresponding adjusted EBITDA margin is still expected to be approximately 21.5 to 22.5%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+2.2%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+3.8%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+20.5%

Q3 2013

Best reaction

-27.8%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+18.4%+18.4%+28.1%
Q4 2025+17.9%+23.1%+10.0%
Q3 2025-5.0%-13.9%-20.3%
Q1 2025+1.0%+3.0%+7.9%
Q4 2024+7.6%+3.6%-8.0%
Q3 2024+2.3%+10.1%+14.0%
Q2 2024-6.5%-8.5%+0.6%
Q1 2024-5.4%+0.3%+8.3%
Q4 2023-2.5%-5.3%-9.6%
Q3 2023+18.2%+21.9%+45.5%
Q2 2023-27.8%-27.9%-22.5%
Q1 2023+6.1%+7.5%+11.7%
Q4 2022+3.8%+1.2%-9.6%
Q3 2022-11.6%-14.6%-12.2%
Q2 2022-8.6%-5.5%-16.2%
Q1 2022+11.3%-2.9%+14.8%
Q4 2021+9.4%+6.5%+15.4%
Q3 2021-10.4%-12.4%-19.6%
Q2 2021-4.5%-8.9%-0.4%
Q1 2021+2.5%-1.0%+4.0%
Q4 2020+17.8%+26.3%+18.6%
Q3 2020+4.3%+2.3%+6.6%
Q2 2020+12.8%+17.8%+35.3%
Q1 2020-10.0%-4.1%+7.3%
Q4 2019-0.4%-2.3%-12.5%
Q3 2019-0.9%+1.0%+6.3%
Q2 2019-1.8%-0.3%+7.9%
Q1 2019+9.4%+7.2%+0.6%
Q4 2018+2.9%+3.1%+3.4%
Q3 2018+3.0%+6.7%+12.2%
Q2 2018+3.1%+2.6%+3.2%
Q1 2018-0.1%+4.6%+12.2%
Q4 2017-2.9%-4.8%-3.5%
Q3 2017-1.5%-2.9%-6.5%
Q2 2017+2.5%+4.1%+10.3%
Q1 2017-5.7%-4.0%-6.6%
Q4 2016-5.0%-5.1%-9.7%
Q3 2016+5.1%+4.6%+15.3%
Q2 2016-5.1%+0.8%+6.4%
Q1 2016-7.4%
Q4 2015+17.1%
Q3 2015+19.0%
Q2 2015-17.6%
Q1 2015-14.0%
Q4 2014+4.2%
Q3 2014-6.1%
Q2 2014-4.8%
Q1 2014-6.6%
Q4 2013+13.4%
Q3 2013+20.5%
Q2 2013+5.7%
Q1 2013+11.1%
Q4 2012-5.7%
Q3 2012+20.5%
Q4 2011-1.4%
Q2 2012-0.3%
Q1 2011+17.1%
Q1 2012+17.1%
Q3 2011-2.9%
Q2 2011+7.8%
Q2 2010+7.8%
Q4 2010+3.5%
Q3 2010+3.4%
Q1 2010-4.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro