Generac Holdings, global designer and manufacturer of power generation equipment and other engine-driven products, posted a 22.5-percent net sales increase to a record $457.3 million during the third quarter of 2017, up from $373.1 million in the third quarter of 2016. The revenue includes $10.1 million of revenue from the company’s acquisition of Motortech.

Net income attributable to the company during the third quarter of 2017 was $39.7 million, or $0.64 per share, compared to $26.2 milion or $0.40 per share, for the same period of 2016. Adjusted EBITDA was $87.6 million compared to $72.1 million in the third quarter a year ago.

Cash flow from operations was $67 million compared to $48.3 million in the year-ago quarter. Free cash flow was $60.4 compared to $41.4 million in the third quarter of 2016.

“Overall third quarter results were very strong with record quarterly sales resulting in robust organic sales growth of approximately 20 percent and solid operating and free cash flow compared to the prior year,” said Aaron Jagfeld, president and CEO. “The active hurricane season drove significant shipments of portable generators during the quarter as our team worked diligently with our channel partners to quickly get these products to customers in the storm-affected areas. In-home consultations and end-user activations of home standby generators were also strong, with broad-based growth across all regions. Looking forward, we have ramped up production for home standby generators to meet the current and anticipated increased demand for these products, and we’re also early in the process of replenishing our portable inventories back to more normalized levels. Shipments of commercial and industrial products also experienced solid organic growth during the third quarter, with the continued strong recovery in domestic mobile products and healthy end-market demand in our International segment driving the year-over-year increase.”

Residential product sales increased 30.6 percent to $251.9 million as compared to $192.9 million in the prior year. Commercial & Industrial product sales improved 16.6 percent to $174.5 million from $149.7 million in the third quarter of 2016.

Domestic segment sales increased 21.8 percent to $364.3 million compared to $299.1 million in last year’s third quarter, with strong growth in shipments of portable generators driven by increased outage activity, along with the continuation of strong growth for mobile products. Increases in home standby generators and specialty outdoor power equipment contributed. Adjusted EBITDA for the segment was $83.1 million or 22.8 percent of net sales.

International segment sales jumped 25.5 percent to $929 million from $74 million in the year-ago quarter. The increase was primarily from the acquisition of Motortech, as well as increased organic shipments of both C&I and residential products within the European and Latin American regions.

Generac is increasing its previous guidance for revenue growth and adjusted EBITDA margins for full-year 2017, primarily because of an improved outlook for residential products as a result of higher power outage activity experienced during the third quarter of 2017. Full-year net sales are now expected to increase between 14 and 15 percent compared to 2016, an increase from the 6- to 8-percent growth previously expected. Total core organic sales growth is now anticipated to increase 9 to 10 percent, compared to the previous expectation of 2 to 3 percent.