Generac Hldgs Inc Stock Price, News & Analysis

Generac Holdings (NYSE: GNRC) reported strong Q4 2024 results with net sales increasing 16% to $1.23 billion. Residential product sales grew 28% to $743 million, while Commercial & Industrial sales remained flat at $363 million.

Q4 highlights include record adjusted net income of $168 million ($2.80 per share), record adjusted EBITDA of $265 million (21.5% of net sales), and all-time record free cash flow of $286 million.

For full-year 2024, net sales increased 7% to $4.30 billion, with residential sales up 18% to $2.43 billion. The company repurchased 1.05 million shares for $153 million and repaid $278 million in debt. Looking ahead to 2025, Generac expects net sales growth of 3-7% with adjusted EBITDA margin of 18.0-19.0%.

Generac Holdings (NYSE: GNRC) has announced it will release its fourth quarter and full-year 2024 financial results on Wednesday, February 12, 2025, before market opens. The company will host a conference call at 10:00 a.m. EST the same day to discuss the earnings release highlights.

A webcast of the conference call will be accessible through the company's website under the Investor Relations section and via a direct link. A replay of the webcast will be available on Generac's website following the live event.

Generac Holdings (NYSE: GNRC) has announced its latest home standby generator design, featuring a new 28kW model, the most powerful air-cooled home standby generator in the market. The announcement comes after the U.S. experienced nearly 1.5 billion hours of power outages in 2024, the highest since 2010.

The new design includes built-in cellular connectivity, an advanced controller with electronic oil-level sensing, an all-aluminum cabinet, and industry-first Electronic Fuel and Ignition Control system. It integrates with ecobee smart thermostats and PWRcell battery systems, offering improved power density and maintenance-free hydraulic lifters.

The product line expansion ranges from 10 to 28kW models and will be available in the second half of 2025. Generac's distribution network includes over 9,000 authorized dealers plus wholesale and retail partners.

ecobee unveiled its new Smart Thermostat Essential at CES 2025, offering a cost-effective smart home solution with premium features at $129.99 USD. The device features a full-color touchscreen and promises up to 23% savings on annual heating and cooling costs, potentially covering its cost within six months.

The thermostat includes key features such as automatic temperature management, mobile app control, and compatibility with major smart home ecosystems including Amazon Alexa, Apple HomeKit, and Google Assistant. It can be enhanced with optional SmartSensors to optimize comfort in most-used rooms and includes Home Energy Reports for monitoring energy efficiency.

The Smart Thermostat Essential joins ecobee's ENERGY STAR certified lineup, complementing their Enhanced and Premium models. It will be available at major retailers and ecobee.com in March 2025.

Generac Holdings (NYSE: GNRC) has promoted Amanda Teder to Chief Marketing Officer from her previous role as Executive Vice President of Marketing. During her two-year tenure at Generac, Teder has led marketing, communications, digital initiatives, data and analytics, pricing, and customer experience across residential and industrial divisions.

Prior to joining Generac in 2022, Teder served as vice president of B2B2C Marketing, North America at Michelin and held various leadership positions at Procter & Gamble for nearly 20 years. She holds a Bachelor of Science from Purdue University and an MBA from the University of Chicago.

ecobee has launched Home Energy Reports, a new feature in their app that helps customers track and optimize their home's heating and cooling system energy usage. The feature provides detailed insights, allowing users to monitor energy consumption, compare usage with their community, and identify potential system issues. Available from December 11, 2024, this free software update will be accessible to all ecobee Smart Thermostat customers using iOS 16+ or Android 10+. The tool aims to simplify energy efficiency monitoring and help homeowners make informed decisions about their HVAC systems.

Generac Power Systems (NYSE: GNRC) is urging homeowners to prepare for winter power outages amid rising outage rates across the United States. Americans experienced 1.2 billion hours without power in the first nine months of the year. According to NOAA's 2024-2025 Winter Outlook, a developing La Nina is expected to bring above-average precipitation to the Great Lakes and Pacific Northwest, with below-average temperatures from the Pacific Northwest through the Great Plains. The company has released a Cold Weather Preparedness Guide with tips and checklists for homeowners, including identifying warming centers, inspecting heating systems, building emergency kits, creating communication plans, and considering backup power solutions.

Generac Holdings reported strong Q3 2024 financial results with net sales of $1.17 billion, up 10% year-over-year. Residential product sales increased 28% to $723 million, while Commercial & Industrial sales decreased 15% to $328 million. Net income rose to $114 million ($1.89 per share), compared to $60 million ($0.97 per share) in Q3 2023. The company generated strong cash flow from operations of $212 million and repurchased shares worth $102 million. Due to elevated power outage activity, Generac updated its full-year 2024 guidance, expecting net sales growth of 5-9% and adjusted EBITDA margin of 17.5-18.5%.

ecobee has announced an integration of its Smart Security system with Yale and August smart locks, enhancing home security and convenience for users in the United States and Canada. This integration allows customers to:

• Control their smart locks directly from the ecobee app
• Automatically lock their home when leaving
• Arm their security system remotely
• Manage security and comfort in one place

The new feature also enables users to unlock doors for guests through the Live View of their ecobee Smart Doorbell Camera. Greg Fyke, CEO of ecobee, emphasized that this integration provides a unique whole home solution for energy management and security. The partnership aims to combine trusted names in smart home innovation to deliver both convenience and confidence in everyday security.