EarningsGenerac reported a significant increase in demand for residential products, leading to record net sales, adjusted EBITDA, adjusted net income, and all-time quarterly free cash flow generation.
Market PositionGenerac is positioned as a strong franchise with a 70% share in its core HSB market and opportunities for growth in the clean energy business with new products and partnerships.
Product DemandPower outages, particularly during hurricane season, drive increased demand for generators, which Generac views as a strong leading indicator for its business.