GNRC · 10-Q · 2026Q2

GENERAC HOLDINGS INC.

Filed 2026-08-04 · Technology · View original filing on EDGAR

Ranked Events

• Operating Income and MarginsImportance 75 · Surprise 64
  Six-month operating income increased 67.7% to $327.7 million from $195.4 million, while second-quarter operating income increased 88.2% to $210.4 million from $111.8 million. Total first-half adjusted EBITDA rose 43.6%…
• Net Income and ProfitabilityImportance 69 · Surprise 64
  Net income attributable to Generac increased to $143.2 million in the second quarter of 2026 from $74.0 million in the second quarter of 2025, an increase of approximately 93.5%. Six-month net income attributable to…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Net cash provided by operating activities increased to $240.5 million for the six months ended June 30, 2026, up $110.2 million, or 84.5%, from $130.3 million in the 2025 period. The increase was driven by higher…
• Revenue Concentration RiskImportance 66 · Surprise 40
  Dealer purchases financed through Generac’s floor-plan arrangement represented approximately 12% of net sales for the six months ended June 30, 2026. The comparable financed-dealer share was 13% of net sales for the…
• Income Tax Rate ChangesImportance 65 · Surprise 82
  The first-half effective income tax rate increased to 24.6% from 20.0%, raising tax provision to $70.3 million from $29.7 million. Second-quarter tax provision increased to $46.7 million from $15.4 million, while the…
• Interest Rate and Refinancing ExposureImportance 63 · Surprise 42
  Generac’s interest expense is affected by SOFR, interest-rate election periods, interest-rate swaps, debt repayments or borrowings, and credit-agreement amendments. On July 1, 2025, the company amended its Term Loan A…
• Acquisitions and DivestituresImportance 58 · Surprise 42
  Generac used $211.8 million for business acquisitions, net of cash acquired, during the six months ended June 30, 2026. Investing cash outflows were partially offset by $23.7 million of proceeds from business sales,…
• Capital Return ProgramImportance 58 · Surprise 42
  On February 9, 2026, Generac approved a new $500.0 million common-stock repurchase program covering the following 24 months. The new authorization replaced the prior program, which had approximately $199.3 million…
• Revenue Performance and MixImportance 54 · Surprise 40
  Six-month net sales increased 11.5% year over year to $2.233 billion from $2.003 billion, while second-quarter sales rose 10.6% to $1.174 billion from $1.061 billion. Commercial & Industrial sales grew 28.6% in the…
• Tariff Refund and Gross MarginImportance 50 · Surprise 58
  Second-quarter gross margin increased to 44.5% from 39.3%, while first-half gross margin rose to 41.7% from 39.4%. Generac received approximately $61 million of tariff refunds during the three and six months ended June…
• Debt and Liquidity PositionImportance 49 · Surprise 6
  As of June 30, 2026, Generac had total liquidity of $1,264.2 million, comprising $264.9 million of cash and cash equivalents and $999.3 million of availability under its New Revolving Facility. The Term Loan B Facility…
• Solar Subsidy Phase-OutImportance 47 · Surprise 60
  The United States enacted the One Big Beautiful Bill Act on July 4, 2025, accelerating the phase-out of tax incentives for solar and storage products and adding domestic supply-chain requirements for certain…
• Operating Expense TrendsImportance 42 · Surprise 14
  First-half operating expenses increased $11.0 million, or 1.9%, to $604.3 million, and second-quarter operating expenses increased $6.4 million, or 2.1%, to $311.4 million. Research and development expense increased…
• Supply Chain Tariff ImpactImportance 40 · Surprise 42
  Beginning in the first quarter of 2025, the United States enacted additional tariffs on goods imported from numerous countries, while certain countries imposed tariffs on U.S. goods; some measures were later modified…
• Manufacturing Capacity ExpansionImportance 40 · Surprise 42
  Generac is ramping capacity and capabilities for its newly introduced large-megawatt generators to address the supply-constrained data-center backup-power market. The company believes its historical focus on backup…
• Capital ExpendituresImportance 36 · Surprise 14
  Generac paid $87.7 million for property and equipment during the six months ended June 30, 2026. Capital expenditures were $88.7 million in the comparable six-month period of 2025, representing a decrease of $1.0…
• AI Data Center DemandImportance 32 · Surprise 24
  Generac identifies accelerating artificial-intelligence adoption and substantial hyperscale and edge data-center investment as drivers of a large, supply-constrained market for backup power. The company expects demand…
• Products and TechnologyImportance 31 · Surprise 42
  Generac recently introduced a large-megawatt diesel generator lineup that expands its addressable market into data-center backup power. The company is building integrated ecosystems combining generators, energy-storage…
• Grid Reliability and Power DemandImportance 29 · Surprise 24
  Generac expects aging and under-invested electrical infrastructure, renewable-generation intermittency, artificial-intelligence data-center demand, North American re-industrialization, and broader electrification to…
• Supply Chain ConstraintsImportance 29 · Surprise 24
  Generac’s global supply chain uses advanced electronic components and battery cells whose pricing and availability can fluctuate, while steel, copper, aluminum, and labor costs remain important input variables.…

Revenue by Product (in thousands)