Generac reported strong revenue growth and gross margin expansion in the first quarter of 2025, driven by robust performances in home standby generators and residential energy technology. However, challenges were noted in the C&I segment and concerns over the impact of tariffs and economic uncertainty, leading to a cautious outlook for the remainder of the year.

Company Guidance -

Q2 2025

During the first quarter 2025 earnings call, Generac Holdings provided updated guidance reflecting a broader range of potential outcomes due to uncertainties in tariffs and economic conditions. The company expects consolidated net sales growth between 0%-7% for the full year, adjusting from the previous 3%-7% range. This reflects the potential impact of higher tariffs, with specific assumptions that tariffs on Chinese imports will remain at 145%, steel and aluminum tariffs at 25%, and reciprocal tariffs at 10% for the year. Despite these challenges, Generac anticipates maintaining adjusted EBITDA margins between 17%-19%, slightly reduced from the prior 18%-19% range, by implementing price increases and supply chain initiatives to offset tariff-related costs. The company also expects growth in residential product sales, driven by strong demand for home standby generators, and a cautious economic environment with no full recession anticipated.

Strong Revenue Growth

Overall net sales increased 6% to $942 million for the quarter compared to the previous year, with residential product sales up 15%.

Home Standby Generators Performance

Home standby shipments increased at a mid-teens rate from the prior year, driven by strong demand due to elevated power outages.

Gross Margin Improvement

Gross margin expanded by nearly 400 basis points from the prior year to 39.5%, the highest first quarter gross margin since 2021.

Residential Energy Technology Success

ecobee showed robust sales growth with shipments across channels, and energy storage systems exceeded expectations due to the DOE program in Puerto Rico.

Debt and Share Repurchase

Interest expense declined, and the company repurchased approximately 717,000 shares of common stock for $97 million.

Generac Holdings (GNRC) Earnings, Revenues Date & History

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GNRC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2025	2025 (Q2)	1.35 / -	1.35	―	―	―
Apr 30, 2025	2025 (Q1)	0.98 / 1.26	0.88	43.18% (+0.38)
Feb 12, 2025	2024 (Q4)	2.53 / 2.80	2.07	35.27% (+0.73)
Oct 31, 2024	2024 (Q3)	1.95 / 2.25	1.64	37.20% (+0.61)
Jul 31, 2024	2024 (Q2)	1.20 / 1.35	1.08	25.00% (+0.27)
May 01, 2024	2024 (Q1)	0.76 / 0.88	0.63	39.68% (+0.25)	―
Feb 14, 2024	2023 (Q4)	2.09 / 2.07	1.78	16.29% (+0.29)	―
Nov 01, 2023	2023 (Q3)	1.55 / 1.64	1.75	-6.29% (-0.11)	―
Aug 02, 2023	2023 (Q2)	1.16 / 1.08	2.99	-63.88% (-1.91)	―
May 03, 2023	2023 (Q1)	0.48 / 0.63	2.09	-69.86% (-1.46)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GNRC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2025	$113.24	$114.38	+1.01%
Feb 12, 2025	$141.74	$152.45	+7.56%
Oct 31, 2024	$165.15	$165.55	+0.24%
Jul 31, 2024	$155.57	$155.68	+0.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.