Generac Sees FY24 Net Sales Growth Between 5%-9% YoY, An Increase From Previous Outlook Of 4%-8%
Generac Sees FY24 Net Sales Growth Between 5%-9% YoY, An Increase From Previous Outlook Of 4%-8%
As a result of higher than previously expected power outage activity, including the impact of Hurricane Helene and Hurricane Milton, the Company is increasing its full-year 2024 net sales guidance. The Company now expects full-year 2024 net sales growth between 5 to 9% as compared to the prior year, an increase from the previous outlook of 4 to 8%. By product class, this updated net sales guidance considers an outsized increase in Residential product sales, partially offset by softer market conditions for C&I and Other product sales in certain end markets and geographies.
由于比预期更高的停电活动，包括飓风海伦和飓风米尔顿的影响，公司正在提高2024全年净销售指导。现在，公司预计2024全年净销售增长率将在5至9%之间，较去年同期增加，比之前的4至8%的前景有所增加。根据产品类别，此更新的净销售指导考虑到居民产品销售的大幅增长，部分抵消了在某些终端市场和地理区域中C&I和其他产品销售的较弱市场情况。
Additionally, the Company now expects net income margin, before deducting for non-controlling interests, to be approximately 7.0 to 8.0% for the full-year 2024 as compared to the prior expectation of 6.5 to 7.5%. The corresponding adjusted EBITDA margin is now expected to be approximately 17.5 to 18.5% as compared to the previous guidance range of 17.0 to 18.0%.
此外，公司现在预计2024全年净利润率，在扣除非控股利益之前，将约为7.0至8.0%，较之前的6.5至7.5%的预期有所提高。相应的调整后的EBITDA利润率预计将约为17.5至18.5%，而不是先前的17.0至18.0%的指导区间。
The Company continues to expect strong operating and free cash flow generation for the full year, with free cash flow conversion from adjusted net income well above 100%.
公司继续预计全年强劲的运营和自由现金流生成，自调整净利润的自由现金流转化率远高于100%。
