Generac Holdings Inc. (NYSE: GNRC), a designer and manufacturer of energy technology solutions and other power products, reported financial results for the third quarter of 2023.
- Net sales decreased 2% annually to $1.07 billion in the third quarter from $1.09 billion in the prior year quarter
- Residential product sales declined 15% to $565 million in Q3, while commercial and industrial product sales rose 24% to $385 million
- Net income attributable to the company rose to $60 million or $0.97 per share from $58 million or $0.83 per share last year
- Adjusted net income declined to $102 million or $1.64 per share in the September quarter from $112 million or $1.75 per share a year earlier
- Adjusted EBITDA totaled $189 million or 17.6% of net sales, compared to $184 million or 16.9% of net sales in Q3 2022
- Q3 cash flow from operations was $140 million, and free cash flow came in at $117 million
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: FedEx looks set to report mixed results for Q4 2025
FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the
How Ulta Beauty’s (ULTA) new strategy is fueling growth
Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,