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Income Statement (USD)
Q3 '24 | QoQ | |
---|---|---|
Revenue | 1.17B | 17.1% |
Gross Profit | 472M | 25.8% |
Cost of Revenue | 948M | 12.7% |
Operating expense | 304M | 11.5% |
Net Income | 114M | 92.4% |
EBITDA | 194M | 53.1% |
Balance Sheet (USD)
Q3 '24 | QoQ | |
---|---|---|
Total Assets | 5.19B | 1.3% |
Total Liabilities | 2.77B | 1% |
Total Equity | 2.41B | 1.7% |
Shares Outstanding | 59M | 0.6% |
Cash Flow (USD)
Q3 '24 | QoQ | |
---|---|---|
Cash from operations | 212M | 173.3% |
Cash from investing | -68M | 43% |
Cash from financing | -150M | 149.4% |
EPS
Financial Highlights for Generac in Q3 '24
Generac reported a revenue of 1.17B, which is a 17.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 472M, marking a 25.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 948M, a 12.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 304M, showing a 11.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 114M, showing a 92.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 194M, showing a 53.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Generac with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.