GNRC
Generac Holdings Inc.155.36
-3.07-1.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Hyperscaler pilots advance rapidly
Q&A drilled into hyperscaler pilots with two customers advancing toward Q2 master supply agreements and 2027/28 volumes, with unguided 2026 upside possible as $1B domestic capacity might fall short. Management expanded ahead of contracts but would prefer orders for further builds amid peers' engine constraints. Data center EBITDA margins pegged mid-teens in 2026, scaling to high-teens later. Residential guidance unpacked a $100M Puerto Rico DOE hole partly offset by ecobee and PowerMicro ramps. No major walk-backs. Hyperscalers crave supply yesterday. Confident tone persists; watch awards and capacity scaling.
Key Stats
Market Cap
9.12BP/E (TTM)
29.65Basic EPS (TTM)
5.24Dividend Yield
0%Recent Filings
8-K
Generac realigns segments
Generac Holdings announced a segment reorganization effective March 31, 2026, shifting from Domestic/International to Residential and Commercial & Industrial (C&I) to better align with customer bases and growth strategies. Recast 2025 data shows Residential with $2.5B net sales and $558M Adjusted EBITDA, versus C&I's $1.8B sales and $200M. Equity awards worth $1M and $2M target tie leaders to these units. No impact on consolidated results.
10-K
FY2025 results
Generac's FY2025 net sales fell 2% y/y to $4.21B, with domestic down 3.6% on weak residential generator demand from low outage activity, offset by C&I data center and energy tech growth; international rose 6% on data center and controls sales. Gross margins slipped to 38.3% from input costs and mix, while operating expenses jumped 17% on $142M legal provisions including a Q4 $104.5M product liability settlement. Q4 bore heavy legal hits yet showed C&I momentum. Net debt stood at $1.33B with strong $1.34B liquidity; $148M buybacks continued. No 2026 guidance disclosed. Unpredictable outages threaten residential momentum.
8-K
Q4 sales dip, 2026 growth eyed
Generac reported Q4 2025 net sales down 12% to $1.09B, hit by weak residential demand from low outages, yet C&I sales rose 10% to $400M on data center strength. A $104.5M legal settlement provision swung results to a $24M net loss. Initiating 2026 guidance for mid-teens sales growth; C&I set to surge 30%. Data centers drive rebound.
10-Q
Q3 FY2025 results
Generac's Q3 net sales dipped 5.0% y/y to $1.11B, with residential down 13.3% y/y from a weak outage environment, yet C&I surged 9.2% y/y on data center and telecom strength; international grew 11.4% y/y. Gross margin slipped to 38.3% from 40.2% on mix shift and tariffs, while operating income fell 38.9% y/y to $103.1M amid higher legal costs; diluted EPS dropped to $1.12 from $1.89, reconciling to 59.1M shares. Cash hit $300M, up from $281M year-start, with OCF at $248.7M YTD; total debt $1.37B (1.41x leverage) includes $90M revolver draw amid $909M availability. Acquisitions like Wolverine (Nov 2024, distributor) added minor lift. Data center growth remains unpredictable.
8-K
Q3 sales down 5%, data centers grow
Generac's Q3 net sales fell 5% to $1.11B, hit by residential products down 13% to $627M amid the lowest outage hours since 2015. C&I sales rose 9% to $358M, fueled by data center megawatt generator shipments with backlog doubling. Yet margins slipped to 17.3% Adjusted EBITDA. Full-year sales guidance now flat, EBITDA margin at 17.0%. Data centers offset weak outages.
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