The earnings call presented a strong performance across residential segments, driven by record sales and profitability. Despite notable achievements in innovation and financial metrics, challenges persist in the C&I and international segments, alongside potential tariff impacts. Overall, the positive aspects significantly outweighed the negatives.

Company Guidance

During Generac Holdings Inc.'s earnings call for the fourth quarter of fiscal year 2024, the company provided comprehensive guidance for 2025. They anticipate a continued net sales growth of 3% to 7% year-over-year, driven primarily by higher residential product shipments, especially home standby generators, following increased power outage activity. The company expects gross margins to improve by approximately 100 basis points, reaching about 40%, despite potential tariff impacts. Adjusted EBITDA margins are projected to be between 18% to 19%, with significant sequential improvement throughout the year. The residential energy technology products are expected to experience strong double-digit growth, with net sales anticipated to reach $300 to $400 million. Generac also highlighted their strategic focus on energy ecosystems to address rising power costs and outages, aiming to enhance customer control over energy costs and availability.

Record-Breaking Financial Performance

Fourth quarter net sales increased 16% year-over-year to $1.23 billion, with residential product sales growing 28%. Adjusted EBITDA for the quarter was a record $265 million, or 21.5% of net sales.

Residential Product Sales Surge

Strong demand for home standby and portable generators drove residential product sales to a record $743 million in Q4, supported by a 28% increase from the prior year.

Innovation and New Product Launches

Introduced a next-generation line of home standby generators, including the industry's largest air-cooled generator with 28 kilowatts of output, expected to ship in the second half of 2025.

Ecobee Achieves Profitability

Ecobee delivered record sales and positive profitability in Q4 2024, with expectations of continued profitability throughout 2025.

Strong Free Cash Flow Generation

Q4 free cash flow was a record $286 million, with full-year 2024 free cash flow reaching an all-time high of $605 million.

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Generac Holdings (GNRC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GNRC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q1)	1.01 / -	0.88	―	―	―
Feb 12, 2025	2024 (Q4)	2.53 / 2.80	2.07	35.27% (+0.73)	―
Oct 31, 2024	2024 (Q3)	1.95 / 2.25	1.64	37.20% (+0.61)	―
Jul 31, 2024	2024 (Q2)	1.20 / 1.35	1.08	25.00% (+0.27)	―
May 01, 2024	2024 (Q1)	0.76 / 0.88	0.63	39.68% (+0.25)	―
Feb 14, 2024	2023 (Q4)	2.09 / 2.07	1.78	16.29% (+0.29)	―
Nov 01, 2023	2023 (Q3)	1.55 / 1.64	1.75	-6.29% (-0.11)	―
Aug 02, 2023	2023 (Q2)	1.16 / 1.08	2.99	-63.88% (-1.91)	―
May 03, 2023	2023 (Q1)	0.48 / 0.63	2.09	-69.86% (-1.46)	―
Feb 15, 2023	2022 (Q4)	1.75 / 1.78	2.51	-29.08% (-0.73)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GNRC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2025	$141.74	$152.45	+7.56%
Oct 31, 2024	$165.15	$165.55	+0.24%
Jul 31, 2024	$155.57	$155.68	+0.07%
May 01, 2024	$135.96	$127.63	-6.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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