Generac Holdings (GNRC) 10-K Summary — Year Ended Dec 31, 2023
Generac Holdings Inc. is a designer and manufacturer of energy technology solutions. For the fiscal period reported, the company generated revenue of four billion dollars, with operating income of three hundred eighty-six point two million dollars and net income of two hundred fourteen point six million dollars.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Generac Holdings Inc. is a designer and manufacturer of energy technology solutions. For the fiscal period reported, the company generated revenue of four billion dollars, with operating income of three hundred eighty-six point two million dollars and net income of two hundred fourteen point six million dollars.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4B
Revenue reported for the fiscal year.
Operating income
$386.2M
Income from operations reported for the year.
Net income
$214.6M
Net income reported for the year.
Operating cash flow
$521.7M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $1B | n/a |
| Sep 30, 2023 | $1.1B | +7.0% |
| Dec 31, 2023 | $4B | +275.7% |
Business overview
The company's business overview is described in Item 1 of the filing, covering its operations as a provider of energy technology solutions. Risk factors are outlined in Item 1A, and management discussion appears in Item 7.
Financial performance
Revenue reported for the period was four billion dollars. Operating income was three hundred eighty-six point two million dollars, and net income was two hundred fourteen point six million dollars. Operating cash flow totaled five hundred twenty-one point seven million dollars.
Material risks
The filing includes a dedicated Risk Factors section in Item 1A, which describes potential risks to the business. The company also discusses cybersecurity risks in Item 1C.
Liquidity and capital
The Management Discussion in Item 7 addresses financial condition and results of operations, providing context for liquidity and capital allocation, though no specific capital allocation themes are detailed in the supplied context.
What to watch
Readers should monitor revenue trends in the next filing, as the reported quarterly values showed substantial growth in the final quarter.