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TheStreet Open House

Generac Holdings' CEO Presents At Bank Of America Merrill Lynch Global Industrials & Materials Conference (Transcript)

Stocks in this article: GNRC

But today we offer a wide range of products, all the way from those, we still offer those small portable generators. Although it’s a very large industrial systems for backup of data centers, hospitals, supermarkets, waste water treatment plants and those types of things.

Our LTM sales here through Q2 is approximately $1.1 billion, and that breaks down about 58% of that being residential, which again are those permanently installed home standby generators as well as the small portable products that we have. And the balance 36% is in the commercial and industrial market where frankly we’re a smaller player, more focused in the niche space of natural gas, which I’ll explain here in a second on why that’s been a good thing to us in the last few years in particular.

We have about 2,200 employees and about 1.2 million square feet of manufacturing, most of that located in Wisconsin. This is a slide that I think, many companies would be envious of relative to the growth trajectory, top line as it were here, about a 15% CAGR over the last 11 years, and that’s on an organic basis.

The last two bars that you see there, the two larger bars, the gold colored piece of those bars actually represent the transaction, the first significant transaction of size from an acquisition standpoint that we did last year in a company called Magnum Products, and I’ll get into that here in a second. But all of the rest of those bars, all the orange portions of those bars are actually organic growth. So, no M&A of significance in the company’s history prior to last year.

And that is really, again, a testament to some of the product categories that we’ve created here in (inaudible) like the home standby generator category. Some of the innovations that we brought to market in natural gas technology, some of the innovations we brought to market in different ways to deploy our industrial systems have also been drivers of growth over that period of time.

Read the rest of this transcript for free on seekingalpha.com

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