Generac Holdings (GNRC) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the most recent quarter compared to both the prior quarter and the same period a year earlier. The year-over-year decrease was more significant than the sequential drop.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the most recent quarter compared to both the prior quarter and the same period a year earlier. The year-over-year decrease was more significant than the sequential drop.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$887.9M
Revenue reported for this quarter.
Quarter-over-quarter
-15.4%
Change from the immediately preceding quarter.
Year-over-year
-21.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.3B | +40.4% |
| Sep 30, 2022 | $1.1B | +15.4% |
| Dec 31, 2022 | $1B | -1.7% |
| Mar 31, 2023 | $887.9M | -21.8% |
Revenue performance
The company reported lower revenue in this quarter relative to the immediately preceding quarter. Compared with the same quarter one year ago, revenue also decreased.
Quarterly comparison
On a sequential basis, revenue continued to decline from the prior quarter. The year-over-year decline was steeper than the decline from the prior quarter.
What to watch
Monitor whether the pace of revenue decline moderates in upcoming periods.