Generac Holdings Inc. (NYSE:GNRC) Files An 8-K Results of Operations and Financial Condition

ME Staff 8-k
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Generac Holdings Inc. (NYSE:GNRC) Files An 8-K Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition

On April 27, 2017, Generac Holdings Inc. (the Company, we, us or
our) issued a press release (the Press Release) announcing its
financial results for the first quarter ended March 31, 2017. A
copy of the Press Release is attached hereto as Exhibit99.1 and
is incorporated herein by reference.

The information contained in this Current Report on Form8-K
(including the exhibits) is being furnished and shall not be
deemed filed for the purposes of Section18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liabilities of that Section. The information
contained in this Current Report on Form8-K shall not be
incorporated by reference into any registration statement or
other document to the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific
reference in any such filing.

Discussion of Non-GAAP Financial
Measures

In the Press Release, we present certain financial information,
specifically Adjusted EBITDA, Adjusted Net Income and Free Cash
Flow which are not in accordance with generally accepted
accounting principles (U.S. GAAP). We present Adjusted EBITDA,
Adjusted Net Income and Free Cash Flow in the Press Release
because these metrics assist us in comparing our performance
across reporting periods on a consistent basis by excluding items
that we do not believe are indicative of our core operating
performance. Our management uses Adjusted EBITDA, Adjusted Net
Income and Free Cash Flow:

for planning purposes, including the preparation of our
annual operating budget and developing and refining our
internal projections for future periods;

to evaluate the effectiveness of our business strategies
and as a supplemental tool in evaluating our performance
against our budget for each period;

in communications with our board of directors and investors
concerning our financial performance; and

to evaluate prior acquisitions in relation to the existing
business.

We also use Adjusted EBITDA as a benchmark for the determination
of the bonus component of compensation for our senior executives
under our management incentive plans.

We believe that the disclosure of Adjusted EBITDA, Adjusted Net
Income and Free Cash Flow offers additional financial metrics
which, when coupled with U.S. GAAP results and the reconciliation
to U.S. GAAP results, provide a more complete understanding of
our results of operations and the factors and trends affecting
our business for securities analysts, investors and other
interested parties in the evaluation of our company. We believe
Adjusted EBITDA, Adjusted Net Income and Free Cash Flow are
useful to investors for the following reasons:

Adjusted EBITDA, Adjusted Net Income, Free Cash Flow and
similar non-GAAP measures are widely used by investors to
measure a companys operating performance without regard to
items that can vary substantially from company to company
depending upon financing and accounting methods, book
values of assets, tax jurisdictions, capital structures and
the methods by which assets were acquired; and

by comparing our Adjusted EBITDA, Adjusted Net Income and
Free Cash Flow in different historical periods, our
investors can evaluate our operating performance excluding
the impact of certain items.

Item 9.01 Financial Statements and Exhibits

(d)

ExhibitNo.

Description

99.1

Press Release, dated April 27, 2017.


About Generac Holdings Inc. (NYSE:GNRC)

Generac Holdings Inc. (Generac) is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. The other engine powered products that the Company designs and manufactures include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use. It designs, manufactures, sources and modifies engines, alternators, transfer switches and other components necessary for its products, which are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel. It classifies its products into three categories: Residential products, Commercial & Industrial (C&I) products, and Other products.

Generac Holdings Inc. (NYSE:GNRC) Recent Trading Information

Generac Holdings Inc. (NYSE:GNRC) closed its last trading session up +0.16 at 37.29 with 468,518 shares trading hands.