GENERAC HOLDINGS ($NYSE:GNRC) reported total revenue of USD 1000.4 million for the second quarter of FY2023, ending June 30 2023, on August 2 2023; however, this represented a decrease of 22.5% compared to the same quarter of the previous financial year. Net income also saw a significant decrease of 71.1%, amounting to USD 45.2 million.
GoodWhale has done a comprehensive analysis of GENERAC HOLDINGS‘ fundamentals and has determined that the company is a high risk investment from both a financial and business perspective. Specifically, GoodWhale has detected two risk warnings in the company’s balance sheet that could affect its profitability and long-term growth prospects. Investors should be aware of these risk warnings and take them into account when considering whether to invest in GENERAC HOLDINGS. For further information, GoodWhale encourages investors to register on goodwhale.com to access detailed risk analysis data. This will allow investors to make more informed decisions when it comes to investing in GENERAC HOLDINGS. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Generac Holdings. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Generac Holdings. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Generac Holdings. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Generac Holdings are shown below. More…
Income Statement Ratios
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In the market for standby generators, Generac Holdings Inc is up against some stiff competition from the likes of Musashi Co Ltd, Taihai Manoir Nuclear Equipment Co Ltd, and Weg SA.
However, the company has managed to stay ahead of the pack thanks to its innovative products and efficient manufacturing processes.
– Musashi Co Ltd ($TSE:7521)
As of 2022, Musashi Co Ltd has a market cap of 9.64B and a Return on Equity of 5.68%. The company manufactures and sells automotive parts, including engine valves, pistons, and crankshafts. It also provides engineering services.
– Taihai Manoir Nuclear Equipment Co Ltd ($SZSE:002366)
The company has a market capitalization of 4.67 billion as of 2022 and a return on equity of 697.02%. It is a manufacturer of nuclear equipment and supplies. The company’s products include reactors, nuclear fuel, nuclear power plant equipment, and nuclear waste disposal products.
Weg SA is a Brazilian company that manufactures electric motors and generators. It has a market cap of 27.73B as of 2022 and a Return on Equity of 21.06%. The company is headquartered in Jaraguá do Sul, Santa Catarina, and has over 30,000 employees. Weg SA is one of the largest manufacturers of electric motors and generators in the world.
On August 2 2023, GENERAC HOLDINGS reported a 22.5% decrease in total revenue for the second quarter of FY2023, amounting to USD 1000.4 million. Net income also decreased 71.1%, amounting to USD 45.2 million. This news caused the stock price of GENERAC HOLDINGS to move downward the same day. Investors should take this into consideration when evaluating the company and its future prospects. It is important to research the company’s management and operations to understand the factors that contributed to the decrease in revenue and income.
Additionally, investors should consider the company’s financial position and outlook before making any investments.