Generac Holdings Inc
NYSE:GNRC

  • LAST PRICE
    165.5500
  • TODAY'S CHANGE (%)
    0.4000 (0.2422%)
  • Bid / Lots
    152.0000/ 1
  • Ask / Lots
    177.0000/ 3
  • Open / Previous Close
    160.5000 / 165.1500
  • Day Range
    157.0100
    169.7400
  • 52 Week Range
    81.6200
    176.1400
  • Volume
    1,550,020

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    • 14 hours ago by MT Newswires
      Companies Mentioned: GNRC
      06:39 AM EDT, 10/31/2024 (MT Newswires) -- Generac Holdings (GNRC) reported Q3 adjusted earnings Thursday of $2.25 per diluted share, compared with $1.64 a year earlier. Analysts surveyed by Capital IQ expected $1.95. Revenue for the three months en...

    • 15 hours ago by MT Newswires
      Companies Mentioned: GNRC
      06:02 AM EDT, 10/31/2024 (MT Newswires) -- ...

    • 15 hours ago by MT Newswires
      Companies Mentioned: GNRC
      06:02 AM EDT, 10/31/2024 (MT Newswires) -- ...

    • 15 hours ago by Dow Jones
      Companies Mentioned: GNRC
      facilities and organizational functions. (5) Represents the following significant and unusual charges not indicative of our ongoing operations: -- A provision for judgments, settlements, and legal expenses related to certain patent and securities lawsuits - $2.4 million in the third quarter of 2024; $4.9 million year-to-date 2024; and $22.1 million in the third quarter of 2023. -- Additional customer support costs related to a clean energy product customer that filed for bankruptcy in 2022 -- $0.4 million in the first quarter of 2024. -- A provision for a matter with the Consumer Product Safety Commission ("CPSC") concerning the imposition of civil fines for allegedly failing to timely submit a report under the Consumer Product Safety Act ("CPSA") in relation to certain portable generators that were subject to a voluntary recall previously announced on July 29, 2021 - $5.8 million in the first quarter of 2023. (6) Represents non-cash (gains)/losses from changes in the fair value of the Company's investment in Wallbox N.V. warrants and equity securities. (7) Represents fees paid to creditors and the write-off of the unamortized original issue discount and deferred financing costs in connection with the refinancing of the Company's Tranche B Term Loan Facility. Net income to Adjusted net income reconciliation Three Months Ended Nine Months Ended September September 30, 30, -------------------------- ---------------------------- 2024 2023 2024 2023 ------------ ------------ ------------ -------------- Net income attributable to Generac Holdings Inc. $ 113,742 $ 60,377 $ 199,089 $ 118,005 Net income attributable to noncontrolling interests 36 257 220 2,305 ---------- ---------- ---------- ---------- Net income 113,778 60,634 199,309 120,310 Amortization of intangible assets 24,157 26,718 73,698 78,934 Amortization of capitalized debt fees and original issue discount 644 981 2,592 2,902 Transaction costs and other purchase accounting adjustments (8) 747 356 2,272 1,743 Loss/(gain) attributable to business or asset dispositions (9) - - 65 (119) Business optimization and other charges (4) 1,564 5,291 3,190 8,151 Provision for legal, regulatory, and clean energy product charges (5) 2,382 22,113 5,280 27,913 Change in fair value of investment (6) (5,198) - 2,938 - Loss on extinguishment of debt (7) 4,861 - 4,861 - Tax effect of add backs (7,317) (13,887) (23,762) (28,476) ---------- ---------- ---------- ---------- Adjusted net income 135,618 102,206 270,443 211,358 Adjusted net income attributable to noncontrolling interests 36 257 220 2,305 ---------- Adjusted net income attributable to Generac Holdings Inc. $ 135,582 $ 101,949 $ 270,223 $ 209,053 ========== ========== ========== ========== Adjusted net income attributable to Generac Holdings Inc. per common share - diluted: $ 2.25 $ 1.64 4.47 $ 3.35 Weighted average common shares outstanding - diluted: 60,312,393 62,091,163 60,475,478 62,362,743 (8) Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance or debt issuance or refinancing, and certain purchase accounting and contingent consideration adjustments. (9) Represents (gains)/losses attributable to the disposition of a business or assets occurring in other than ordinary course, as defined in our credit agreement. Free Cash Flow Reconciliation Three Months Ended Nine Months Ended September September 30, 30, -------------------------- ---------------------------- 2024 2023 2024 2023 ------------ ------------ ------------ -------------- Net cash provided by operating activities 212,285 140,136 401,847 204,724 Proceeds from beneficial interests in securitization transactions - 1,061 - 2,533 Expenditures for property and equipment (28,627) (23,818) (83,399) (77,718) ---------- ---------- ---------- Free cash flow $ 183,658 $ 117,379 $ 318,448 $ 129,539 ========== ========== ========== ==========

    • 15 hours ago by Dow Jones
      Companies Mentioned: GNRC
      facilities and organizational functions. (5) Represents the following significant and unusual charges not indicative of our ongoing operations: -- A provision for judgments, settlements, and legal expenses related to certain patent and securities lawsuits - $2.4 million in the third quarter of 2024; $4.9 million year-to-date 2024; and $22.1 million in the third quarter of 2023. -- Additional customer support costs related to a clean energy product customer that filed for bankruptcy in 2022 -- $0.4 million in the first quarter of 2024. -- A provision for a matter with the Consumer Product Safety Commission ("CPSC") concerning the imposition of civil fines for allegedly failing to timely submit a report under the Consumer Product Safety Act ("CPSA") in relation to certain portable generators that were subject to a voluntary recall previously announced on July 29, 2021 - $5.8 million in the first quarter of 2023. (6) Represents non-cash (gains)/losses from changes in the fair value of the Company's investment in Wallbox N.V. warrants and equity securities. (7) Represents fees paid to creditors and the write-off of the unamortized original issue discount and deferred financing costs in connection with the refinancing of the Company's Tranche B Term Loan Facility. Net income to Adjusted net income reconciliation Three Months Ended Nine Months Ended September September 30, 30, -------------------------- ---------------------------- 2024 2023 2024 2023 ------------ ------------ ------------ -------------- Net income attributable to Generac Holdings Inc. $ 113,742 $ 60,377 $ 199,089 $ 118,005 Net income attributable to noncontrolling interests 36 257 220 2,305 ---------- ---------- ---------- ---------- Net income 113,778 60,634 199,309 120,310 Amortization of intangible assets 24,157 26,718 73,698 78,934 Amortization of capitalized debt fees and original issue discount 644 981 2,592 2,902 Transaction costs and other purchase accounting adjustments (8) 747 356 2,272 1,743 Loss/(gain) attributable to business or asset dispositions (9) - - 65 (119) Business optimization and other charges (4) 1,564 5,291 3,190 8,151 Provision for legal, regulatory, and clean energy product charges (5) 2,382 22,113 5,280 27,913 Change in fair value of investment (6) (5,198) - 2,938 - Loss on extinguishment of debt (7) 4,861 - 4,861 - Tax effect of add backs (7,317) (13,887) (23,762) (28,476) ---------- ---------- ---------- ---------- Adjusted net income 135,618 102,206 270,443 211,358 Adjusted net income attributable to noncontrolling interests 36 257 220 2,305 ---------- Adjusted net income attributable to Generac Holdings Inc. $ 135,582 $ 101,949 $ 270,223 $ 209,053 ========== ========== ========== ========== Adjusted net income attributable to Generac Holdings Inc. per common share - diluted: $ 2.25 $ 1.64 4.47 $ 3.35 Weighted average common shares outstanding - diluted: 60,312,393 62,091,163 60,475,478 62,362,743 (8) Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance or debt issuance or refinancing, and certain purchase accounting and contingent consideration adjustments. (9) Represents (gains)/losses attributable to the disposition of a business or assets occurring in other than ordinary course, as defined in our credit agreement. Free Cash Flow Reconciliation Three Months Ended Nine Months Ended September September 30, 30, -------------------------- ---------------------------- 2024 2023 2024 2023 ------------ ------------ ------------ -------------- Net cash provided by operating activities 212,285 140,136 401,847 204,724 Proceeds from beneficial interests in securitization transactions - 1,061 - 2,533 Expenditures for property and equipment (28,627) (23,818) (83,399) (77,718) ---------- ---------- ---------- Free cash flow $ 183,658 $ 117,379 $ 318,448 $ 129,539 ========== ========== ========== ==========

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