Generac shareholders approve key proposals

Generac Holdings Inc. (NYSE:GNRC) announced the results of its annual shareholder meeting held on June 12, 2025. The company, currently trading at $124.72 and showing strong financial health according to InvestingPro metrics, reported the re-election of its board of directors, the ratification of its independent auditor, and approval of executive compensation.

During the meeting, shareholders voted on three key proposals. The first proposal concerned the election of directors, where Aaron P. Jagdfeld, Andrew G. Lampereur, and Nam T. Nguyen were re-elected for a three-year term. Jagdfeld received 41,072,005 votes for and 4,102,877 withheld, Lampereur had 39,828,350 votes for and 4,679,112 withheld, and Nguyen secured 37,799,447 votes for with 7,335,783 withheld. All three directors experienced a significant number of broker non-votes, each totaling 6,323,928.

The second proposal ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The accounting firm received overwhelming support with 50,337,432 votes for, 1,176,623 against, and 62,271 abstentions.

The third proposal was an advisory vote on executive compensation, which also passed with 43,409,795 votes for, 1,735,406 against, and 107,197 abstentions, alongside the same number of broker non-votes as in the director elections. The company’s financial performance supports these governance decisions, with a healthy gross profit margin of 39.6% and return on equity of 14%.

Generac Holdings Inc., headquartered in Waukesha, Wisconsin, specializes in the manufacturing of motors and generators. The company is incorporated in Delaware and is publicly traded on the New York Stock Exchange under the ticker symbol GNRC.

The information provided in this article is based on Generac Holdings Inc.’s recent SEC filing, ensuring transparency and accuracy in reporting the outcomes of the shareholder meeting.

In other recent news, Generac Holdings Inc. reported a strong first quarter for 2025, surpassing earnings expectations with an earnings per share (EPS) of $1.26, compared to the forecasted $1.02. The company also exceeded revenue projections, posting $942 million against an anticipated $923.37 million. This performance was driven by a 15% increase in residential product sales and a gross margin expansion to 39.5%, the highest for a first quarter since 2021. Despite these robust results, Generac has revised its full-year 2025 revenue growth outlook to a range of 0-7%, down from the previously forecasted 3-7%. The company also adjusted its EBITDA margin forecast to 17-19%, slightly narrower than the prior 18-19% range. In related developments, Canaccord Genuity lowered its price target for Generac to $180 from $200, while maintaining a Buy rating, citing the company’s dominant market position and potential growth in the clean energy segment. Similarly, Stifel adjusted its price target to $195 from $200, also maintaining a Buy rating, following Generac’s first-quarter earnings beat and cautious full-year outlook revision. Additionally, Generac announced the promotion of Jim Barnes to Executive Vice President – Global Supply Chain, succeeding the retiring Roger Pascavis.

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