Quarterly ResultApr 29, 2026, 06:03 AM
GNRC Q1 Net Sales +12% to $1.06B; Raises FY26 Outlook
AI Summary
Generac Holdings Inc. reported strong first quarter 2026 financial results, with net sales increasing 12% to $1.06 billion and adjusted net income per share rising to $1.80. The Commercial & Industrial segment demonstrated significant growth of 28%, driven by data center demand and contributions from the recently completed acquisitions of Allmand and Enercon. Due to this strong performance and growing backlog, Generac raised its full-year 2026 net sales growth guidance to the mid-to-high teens percent range and adjusted EBITDA margin outlook to 18.5% to 19.5%.
Key Highlights
- Completed acquisition of Allmand on January 5th, a mobile power equipment manufacturer.
- Completed acquisition of Enercon on April 1st, a designer of generator enclosures and switchgear.
- Q1 2026 net sales increased 12% to $1.06 billion.
- Adjusted net income was $106 million, or $1.80 per share, up from $1.26 per share YoY.
- Commercial & Industrial (C&I) segment net sales grew 28% to $510 million.
- Residential segment net sales grew 1% to $549 million.
- Cash flow from operations was $119 million, up from $58 million YoY.
- Raised FY26 net sales growth guidance to mid-to-high teens and Adjusted EBITDA margin to 18.5-19.5%.