On 12 March 2020, Generac Holdings Inc. (NYSE: GNRC) stock identified change of 91.05% away from 52-week low price and recently located move of -20.58% off 52-week high price. GNRC stock has been recorded -11.36% away from 50 day moving average and 8.59% away from 200 day moving average. Moving closer, we can see that shares have been trading -14.98% off 20-day moving average.

Generac Holdings Inc. (GNRC) recently stated financial results for its fourth quarter and full-year ended December 31, 2019.

Fourth Quarter 2019 Highlights

Net sales increased 4.9% to $590.9M during the fourth quarter of 2019 as contrast to $563.4M in the prior-year fourth quarter.  Core sales growth, which excludes both the impact of acquisitions and foreign currency, was about 4%.

Residential product sales increased 9.7% to $322.5M as contrast to $293.9M last year, with core sales growth of about 7%.

Commercial & Industrial (“C&I”) product sales reduced 2.7% to $217.1M as contrast to $223.2M in the previous year, with core sales also declining about 3%.

Net income attributable to the Company during the fourth quarter was $69.6M, or $1.12 per share, as contrast to $75.6M, or $1.20 per share, for the same period of 2018.  See accompanying reconciliation schedules for related earnings per share calculations.

Adjusted net income attributable to the Company, as defined in the accompanying reconciliation schedules, was $96.5M, or $1.53 per share, as contrast to $88.1M, or $1.42 per share, in the fourth quarter of 2018.

Adjusted EBITDA before deducting for noncontrolling interests, as defined in the accompanying reconciliation schedules, was $129.1M, or 21.9% of net sales, as contrast to $126.1M, or 22.4% of net sales, in the previous year.

Cash flow from operations was $175.1M as contrast to $108.2M in the previous year.  Free cash flow, as defined in the accompanying reconciliation schedules, was $160.3M as contrast to $87.3M in 2018.  The increase was primarily driven by the monetization of previous working capital investments, together with lower capital expenditures contrast to the previous year quarter.

As before reported, on December 13, 2019, the Company amended its Term Loan credit contract, which among other things extended the maturity of the term loan from May 2023 to December 2026.  In conjunction with the amendment, the Company paid down $49M of debt on the term loan.

Full-Year 2019 Highlights

Net sales increased 8.9% to $2.20B during 2019 as contrast to $2.02B in 2018, including $41.2M of contribution from acquisitions.  Total core sales growth for the year was about 8%.

Residential product sales increased 9.7% to $1.14B as contrast to $1.04B last year, with core sales growth of about 9%.

C&I product sales increased 6.3% to $871.6M as contrast to $820.3M in the previous year, with core sales also increasing about 6%.

Net income attributable to the Company during 2019 was $252.0M, or $4.03 per share, as contrast to $238.3M, or $3.54 per share for 2018.

Adjusted net income attributable to the Company was $317.8M, or $5.06 per share, as contrast to $292.2M, or $4.70 per share, in 2018.

Adjusted EBITDA before deducting for non-controlling interests for 2019 was $454.1M, or 20.6% of net sales, as contrast to $424.6M, or 21.0% of net sales, last year.

Cash flow from operations was $308.9M as contrast to $247.2M in the previous year.  Free cash flow was $250.7M as contrast to $203.6M in 2018.

The Industrial Goods sector company, Generac Holdings Inc. noticed change of -7.52% to $94.4 along volume of 1541052 shares in recent session compared to an average volume of 952.65K. GNRC’s shares are at -6.08% for the quarter and driving a 78.45% return over the course of the past year and is now at -6.15% since this point in 2018.

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