GENERAC HOLDINGS INC

For the period ended Mar 31, 2025. Filed May 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 6, 2025

GNRC$188.75+6.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. Financial Statements

PART II. OTHER INFORMATION
	Condensed Consolidated Balance Sheets as of March 31, 2025, and December 31, 2024	1
	Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2025 and 2024	2
	Condensed Consolidated Statements of Stockholders' Equity for the Three Months Ended March 31, 2025 and 2024	3
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024	4
	Notes to Condensed Consolidated Financial Statements	5
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	17
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	27
Item 4.	Controls and Procedures	27
Item 1.	Legal Proceedings	27
Item 1A.	Risk Factors	27
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	28
Item 3.	Defaults Upon Senior Securities	28
Item 4.	Mine Safety Disclosures	28
Item 5.	Other Information	28
Item 6.	Exhibits	28
	Signatures	29

PART I. FINANCIAL INFORMATION

Generac Holdings Inc.

Condensed Consolidated Balance Sheets

(U.S. Dollars in Thousands, Except Share and Per Share Data)

(Unaudited)

	March 31,	December 31,
	2025	2024
Assets
Current assets:
Cash and cash equivalents	$187,464	$281,277
Accounts receivable, less allowance for credit losses of $35,944 and $35,465 at March 31, 2025 and December 31, 2024, respectively	590,120	612,107
Inventories	1,095,082	1,031,647
Prepaid expenses and other current assets	115,873	107,139
Total current assets	1,988,539	2,032,170
Property and equipment, net	709,530	690,023
Customer lists, net	150,430	152,737
Patents and technology, net	369,053	379,095
Other intangible assets, net	17,623	20,026
Tradenames, net	204,977	206,664
Goodwill	1,442,571	1,436,261
Deferred income taxes	31,315	24,132
Operating lease and other assets	146,416	168,223
Total assets	$5,060,454	$5,109,331
Liabilities and stockholders’ equity
Current liabilities:
Short-term borrowings	$56,533	$55,848
Accounts payable	439,699	458,693
Accrued wages and employee benefits	50,422	81,485
Accrued product warranty	56,161	56,127
Other accrued liabilities	332,466	313,401
Current portion of long-term borrowings and finance lease obligations	72,307	67,598
Total current liabilities	1,007,588	1,033,152
Long-term borrowings and finance lease obligations	1,195,861	1,210,776
Deferred income taxes	33,709	33,185
Deferred revenue	200,050	193,260
Operating lease and other long-term liabilities	150,221	141,515
Total liabilities	2,587,429	2,611,888
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 74,035,516 and 73,785,631 shares issued at March 31, 2025 and December 31, 2024, respectively	740	738
Additional paid-in capital	1,145,990	1,133,756
Treasury stock, at cost, 14,953,986 and 14,173,697 shares at March 31, 2025 and December 31, 2024, respectively	(1,303,086)	(1,196,997)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	2,888,136	2,844,296
Accumulated other comprehensive loss	(60,440)	(85,399)
Stockholders’ equity attributable to Generac Holdings Inc.	2,469,224	2,494,278
Noncontrolling interests	3,801	3,165
Total stockholders' equity	2,473,025	2,497,443
Total liabilities and stockholders’ equity	$5,060,454	$5,109,331

See notes to condensed consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.