Keith Howson's questions to Generac Holdings Inc (GNRC) leadership • Q4 2024
Question
Keith Howson asked for the 2024 energy technology sales figure to compare with the 2025 guidance and questioned if potential withholding of DOE funding could negatively impact the 2025 forecast.
Answer
CFO York Ragen provided the 2024 energy technology sales figure of $280 million. CEO Aaron P. Jagdfeld addressed the funding risk, stating that Generac has not received formal notice of cancellation for the Puerto Rico DOE program, which is not tied to IRA or BIL funding. He acknowledged the policy uncertainty is a key reason for the wide guidance range of $300 million to $400 million for the segment in 2025.