Generac FY 2025 net income attributable to shareholders falls 49.6% to USD 159.55 million

Reuters
Feb 19
Generac FY 2025 net income attributable to shareholders falls 49.6% to USD 159.55 million

Generac reported FY 2025 net sales of USD 4.21 billion (-2.0%), with gross profit of USD 1.61 billion (-3.2%) and gross margin of 38.3% (vs. 38.8% in FY 2024). Income from operations was USD 289.19 million (-46.1%). Net income was USD 161.35 million (-49.1%), while net income attributable to shareholders was USD 159.55 million (-49.6%). Adjusted EBITDA was USD 715.54 million (-9.3%). By segment, FY 2025 domestic net sales were USD 3.47 billion (-3.6%) and international net sales were USD 738.18 million (+6.0%). By product class, residential products net sales were USD 2.27 billion (-6.8%), while commercial & industrial products rose to USD 1.46 billion (+4.9%). Generac said the decline in domestic sales was mainly due to lower home standby and portable generator demand amid a significantly lower power outage environment versus a prior year that included multiple major hurricanes, partially offset by growth in residential energy technology sales, revenue from data center customers, and higher C&I shipments to industrial distributor and telecom channels; international growth was driven by data center revenue, higher controls solutions sales, and favorable foreign exchange. FY 2025 operating cash flow was USD 437.98 million (-40.9%), capital expenditures were USD 169.9 million, and year-end liquidity totaled USD 1.34 billion, including USD 341.4 million in cash and cash equivalents and USD 999.3 million of availability under its revolving facility. Generac also noted a July 2025 refinancing that extended maturities on its term loan A and revolving credit facility to July 2030, and said FY 2025 included USD 142.3 million of legal provisions, settlements, patent-related costs and other legal-matter costs within operating expenses, including a USD 104.5 million net provision tied to a settlement agreement in principle for a portable generator product liability case.

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