Generac Q4 net income rises to $97 million; 2023 sales fall 12% to $4.02 billion
Generac reported fourth-quarter 2023 net sales up 1% to $1.06 billion and diluted EPS of $1.57, versus $0.83 a year earlier. For full-year 2023, net sales fell 12% to $4.02 billion and diluted EPS fell to $3.27 from $5.42, and the company initiated 2024 guidance for net sales growth of about 3% to 7%, which it says would be a return to growth.
Key points
- Q4 2023 net income was $97 million, or $1.57 per diluted share, versus $71 million, or $0.83, in Q4 2022.
- Full-year 2023 net income was $215 million, or $3.27 per diluted share, versus $400 million, or $5.42, in 2022.
- 2024 guidance calls for net sales growth of about 3% to 7% and an adjusted EBITDA margin of about 16.5% to 17.5%.
- Q4 free cash flow was a record $266 million, and the board approved a new buyback of up to $500 million over 24 months.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 14, 2024.
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