Generac Holdings Inc. (NYSE: GNRC), a designer and manufacturer of energy technology solutions and other power products, reported financial results for the third quarter of 2023.
- Net sales decreased 2% annually to $1.07 billion in the third quarter from $1.09 billion in the prior year quarter
- Residential product sales declined 15% to $565 million in Q3, while commercial and industrial product sales rose 24% to $385 million
- Net income attributable to the company rose to $60 million or $0.97 per share from $58 million or $0.83 per share last year
- Adjusted net income declined to $102 million or $1.64 per share in the September quarter from $112 million or $1.75 per share a year earlier
- Adjusted EBITDA totaled $189 million or 17.6% of net sales, compared to $184 million or 16.9% of net sales in Q3 2022
- Q3 cash flow from operations was $140 million, and free cash flow came in at $117 million
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024
