Generac Q1 2024 net income rises to $26 million; net sales $889 million
Generac reported first-quarter 2024 net sales of $889 million, nearly flat from $888 million a year earlier, with core sales down about 1%. Net income attributable to the company rose to $26 million, or $0.39 per diluted share, from $12 million, or $0.05, while adjusted EBITDA increased to $127 million. The company maintained its full-year 2024 net sales growth guidance of 3% to 7%.
Key points
- Net income attributable to Generac was $26 million, or $0.39 per diluted share, versus $12 million, or $0.05, in Q1 2023.
- Net sales were $889 million versus $888 million; core sales were down approximately 1%.
- Adjusted EBITDA was $127 million, or 14.3% of net sales, versus $100 million, or 11.3%, a year earlier.
- Full-year 2024 net sales growth guidance of 3% to 7% was maintained; net income margin is now expected at 6.0% to 7.0%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits 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 May 01, 2024.
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