Generac Holdings, Inc. (GNRC) CEO Aaron Jagdfeld on Q2 2022 Results - Earnings Call Transcript

Generac Holdings, Inc. (NYSE:GNRC) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET

Company Participants

Michael Harris - VP, Corporate Development & IR

Aaron Jagdfeld - Chairman, President & CEO

York Ragen - CFO & CAO

Conference Call Participants

Michael Halloran - Robert W. Baird & Co.

Julien Dumoulin-Smith - Bank of America Merrill Lynch

Philip Shen - ROTH Capital Partners

Brian Drab - William Blair & Company

Praneeth Satish - Wells Fargo Securities

Jeffrey Hammond - KeyBanc Capital Markets

Jerry Revich - Goldman Sachs Group

Kasope Harrison - Piper Sandler & Co.

Maheep Mandloi - Crédit Suisse

William Grippin - UBS

Donovan Schafer - Northland Capital Markets

Mark Strouse - JPMorgan Chase & Co.

Operator

Good day, and thank you for standing by. Welcome to the Second Quarter 2022 Generac Holdings Earnings Call. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would now like to turn the call over to Mike Harris, Senior VP, Corporate Development and Investor Relations. Please go ahead.

Michael Harris

Good morning, and welcome to our second quarter 2022 earnings call. I'd like to thank everyone for joining us this morning. With me today is Aaron Jagdfeld, President and Chief Executive Officer; and York Ragen, Chief Financial Officer.

We will begin our call today by commenting on forward-looking statements. Certain statements made during this presentation as well as other information provided from time to time by Generac or its employees may contain forward-looking statements and involve risks and uncertainties that could cause actual results to differ materially from those in these forward-looking statements. Please see our earnings release or SEC filings for a list of words or expressions that identify such statements and the associated risk factors.

In addition, we will make reference to certain non-GAAP measures during today's call. Additional information regarding these measures, including reconciliation to comparable U.S. GAAP measures, is available in our earnings release and SEC filings. I will now turn the call over to Aaron.

Aaron Jagdfeld

Thanks, Mike. Good morning, everyone, and thank you for joining us today. Our second quarter results were very strong with robust revenue growth, significant sequential margin expansion and all-time records in net sales, adjusted EBITDA and adjusted EPS. Shipments of home standby generators and global C&I products outperformed our previous expectations, primarily driven by continued progress on our capacity expansion and our team's ability to effectively manage the challenging supply chain environment.