Generac Holdings Expects 2024 Sales Growth of 3%-7% YoY Vs $4.37B Est
Portfolio Pulse from Benzinga Newsdesk
Generac Holdings forecasts a 3%-7% sales growth for 2024, driven by residential product sales, despite a projected 10% decline in C&I product sales. The company anticipates a net income margin of 6.5-7.5% and an adjusted EBITDA margin of 16.5-17.5%, with strong cash flow generation.
February 14, 2024 | 11:05 am
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Generac Holdings expects a 3%-7% sales growth in 2024, driven by residential products, with a net income margin of 6.5-7.5% and strong cash flow generation.
The positive sales growth forecast for 2024, particularly in residential products, indicates a strong demand for Generac's offerings. Despite the decline in C&I product sales, the expected increase in net income margin and strong cash flow generation suggest a healthy financial outlook for the company. This positive guidance is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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