Generac Reports Fourth Quarter and Full-Year 2023 Results
Net sales increased 1% to $1.06 billion during the fourth quarter of 2023 as compared to $1.05 billion in the prior-year fourth quarter.
- Net sales increased 1% to $1.06 billion during the fourth quarter of 2023 as compared to $1.05 billion in the prior-year fourth quarter.
- The Company repurchased approximately 1.3 million shares of its common stock during the fourth quarter for approximately $151 million.
- “Despite fewer power outages in the fourth quarter, home standby generator shipments returned to year-over-year growth, and activations reached a quarterly record.
- Cash flow from operations was $316.9 million during the fourth quarter, as compared to $100.9 million in the prior year.