Generac Holdings (GNRC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was essentially flat compared with the same period a year earlier, but declined sharply from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was essentially flat compared with the same period a year earlier, but declined sharply from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$889.3M
Revenue reported for this quarter.
Quarter-over-quarter
-16.4%
Change from the immediately preceding quarter.
Year-over-year
+0.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$4B
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, 2023 | $1B | -22.5% |
| Sep 30, 2023 | $1.1B | -1.6% |
| Dec 31, 2023 | $1.1B | +1.4% |
| Mar 31, 2024 | $889.3M | +0.2% |
Revenue performance
The reported revenue reflects a modest year-over-year increase, while sequentially it dropped significantly, reversing the modest gains seen in the prior two quarters.
Quarterly comparison
When compared with the previous quarter, revenue fell sharply, while compared with the same quarter one year ago, it edged slightly higher.
What to watch
Monitor whether the company can stabilize revenue in the coming quarters after the sequential decline.