October 25, 2014 1:49 PM 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, 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 under the Guardian and Quietsource series, as well as compact die...

S45 W29290 Highway 59

Waukesha, WI 53189

United States

Founded in 1959

3,032 Employees

Phone:

262-544-4811

Key Executives for Generac Holdings Inc.

Chief Executive Officer
Age: 42
Total Annual Compensation: $600.5K
Chief Financial Officer and Chief Accounting Officer
Age: 43
Total Annual Compensation: $339.9K
Executive Vice President of Community & External Relations
Age: 62
Total Annual Compensation: $392.0K
Executive Vice President of Residential
Age: 53
Total Annual Compensation: $358.5K
Executive Vice President of Global Commercial & Industrial
Age: 48
Total Annual Compensation: $322.6K
Compensation as of Fiscal Year 2013.

Generac Holdings Inc. Key Developments

Generac Holdings Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year of 2014

Generac Holdings Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $362,609,000 compared with $346,688,000 for the same period a year ago. Income from operations was $78,160,000 compared with $76,433,000 for the same period a year ago. Income before provision for income taxes was $82,422,000 compared with $46,789,000 for the same period a year ago. Net income was $54,025,000 or $0.77 per diluted share compared with $28,254,000 or $0.40 per diluted share for the same period a year ago. Adjusted EBITDA was $84,532,000 compared with $90,097,000 for the same period a year ago. Adjusted net income before provision for income taxes was $68,813,000 compared with $69,211,000 for the same period a year ago. Adjusted net income was $57,123,000 or $0.82 per diluted share compared with $66,561,000 or $0.95 per diluted share for the same period a year ago. Cash flow from operations in the second quarter of 2014 was $48.9 million as compared to $36.1 million in the prior year quarter. Free cash flow was $40.5 million as compared to $30.3 million in the second quarter of 2013. For the six months, the company reported net sales of $704,617,000 compared with $746,260,000 for the same period a year ago. Income from operations was $143,466,000 compared with $172,958,000 for the same period a year ago. Income before provision for income taxes was $136,646,000 compared with $126,213,000 for the same period a year ago. Net income was $88,726,000 or $1.27 per diluted share compared with $78,928,000 or $1.13 per diluted share for the same period a year ago. Net cash provided by operating activities was $85,285,000 compared with $74,318,000 for the same period a year ago. Expenditures for property and equipment was $13,317,000 compared with $10,051,000 for the same period a year ago. Adjusted EBITDA was $162,030,000 compared with $198,898,000 for the same period a year ago. Adjusted net income before provision for income taxes was $129,398,000 compared with $157,583,000 for the same period a year ago. Adjusted net income was $107,838,000 or $1.54 per diluted share compared with $150,413,000 or $2.15 per diluted share for the same period a year ago. The company is reaffirming its prior guidance for 2014 in terms of revenue growth, EBITDA margins and cash flows. For the full-year 2014, the company still expects net sales to increase in the mid-single digit range as compared to the prior year. This sales outlook assumes an increased level of power outage severity in the second half of 2014 as compared to recent quarters, returning to a more normalized annual baseline level. Adjusted EBITDA margins are expected to remain in the mid-20% range as previously guided, which are consistent with the average levels seen during the past four years. Free cash flow is still expected to be approximately 90% of full year 2014 adjusted net income.

Generac Holdings Inc. to Report Q2, 2014 Results on Jul 31, 2014

Generac Holdings Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 31, 2014

Generac Holdings Inc., Q2 2014 Earnings Call, Jul 31, 2014

Generac Holdings Inc., Q2 2014 Earnings Call, Jul 31, 2014

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