- Generac press release ( NYSE: GNRC ): Q3 Non-GAAP EPS of $1.75 beats by $0.11 .
- Revenue of $1.09B (+15.6% Y/Y) in-line.
- Adjusted EBITDA was $184M, or 16.9% of net sales, as compared to $209M, or 22.2% of net sales, in the prior year.
- FY22 outlook: Generac expects its full-year 2022 net sales growth to be approximately 22 to 24% vs. estimated growth of 22.78% Y/Y as compared to the prior year, which includes approximately 5 to 7% net impact from acquisitions and foreign currency.
- Additionally, the company expects net income margin, before deducting for non-controlling interests, to be approximately 9.0 to 10.0% for the full-year 2022. This net income guidance includes the impact of the aforementioned $55.3 million of third quarter pre-tax charges. The corresponding adjusted EBITDA margin is expected to be approximately 18.0 to 19.0%.
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Generac reports Q3 earnings beat; narrows FY22 guidance