Generac's first-quarter results beat on power backup equipment demand [Yahoo! Finance]
Generac Holdlings Inc. (GNRC)
Last generac holdlings inc. earnings: 4/30 06:00 am
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investors.generac.com
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Source: Yahoo! Finance
Extreme weather led to more power outages and power grid operators struggled to keep up with rising demand for electricity. Generac's sales at its residential segment, its biggest, were up 2.4% in the first quarter. Revenue at the company's commercial and industrial unit, however, fell 2.5% on lower sales in the telecom market and a drop in rental equipment customers. International sales, that accounted for about 18% of total sales in 2023, fell 14% due to weaker shipments to Europe and softness in the telecom market. On an adjusted basis, Generac earned 88 cents per share, beating analysts' estimates of 72 cents, according to LSEG data. The company posted revenue of $889 million, ahead of estimates of $885.3 million. (Reporting by Kannaki Deka in Bengaluru; Editing by Shounak Dasgupta)
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GNRC
News
- Generac downgraded at CFRA Research on valuation [Seeking Alpha]Seeking Alpha
- Generac Expands Responsibilities of Shree Dandekar to Lead Corporate Engineering and Product ManagementPR Newswire
- ISASecure® Reports Significant Membership Growth in Support of Site Assessment Program [Yahoo! Finance]Yahoo! Finance
- Record Breaking Atlantic Hurricane Season Looms - Are People Ready? [Yahoo! Finance]Yahoo! Finance
- Record Breaking Atlantic Hurricane Season Looms - Are People Ready?PR Newswire
GNRC
Earnings
- 5/1/24 - Beat
GNRC
Sec Filings
- 5/14/24 - Form 4
- 5/13/24 - Form 144
- 5/7/24 - Form 4
- GNRC's page on the SEC website