- Generac press release ( NYSE: GNRC ): Q4 Non-GAAP EPS of $1.78 beats by $0.03 .
- Revenue of $1.05B (-1.9% Y/Y) misses by $20M .
- The company is initiating its FY2023 net sales guidance to be a decline of approximately -6% to -10% as compared to the prior year on an as-reported basis, which includes approximately 1% of net favorable impact from acquisitions and foreign currency. Adjusted EBITDA margin, before deducting for non-controlling interests, is expected to be approximately 17% to 18%. Net income margin, before deducting for non-controlling interests, to be approximately 7.5 to 8.5%.
- Operating and free cash flow generation is expected to return to strong levels for the full year, with conversion of adjusted net income to free cash flow expected to be well over 100%.
For further details see:
Generac Non-GAAP EPS of $1.78 beats by $0.03, revenue of $1.05B misses by $20M