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Mean Green Introduces First Commercial-Electric Stand-On Autonomous Mower
Prnewswire· 2025-04-28 11:30
All-new Vanquish Autonomous is designed to improve productivity and profitabilityWAUKESHA, Wis., April 28, 2025 /PRNewswire/ -- Mean Green, a leading battery-powered, commercial-grade turf care manufacturer and a Generac Power Systems (NYSE: GNRC) company, today announced the expansion of its commercial-grade electric mower lineup with its all-new Vanquish Autonomous. Mean Green Vanquish Autonomous The world's first commercial-electric stand-on autonomous mower is built for the crews that never stop pu ...
Will Generac Holdings (GNRC) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-04-25 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Generac Holdings (GNRC) , which belongs to the Zacks Manufacturing - General Industrial industry.When looking at the last two reports, this generator maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 12.82%, on average, in the last two quarters.For the last reported quarter, Generac Holdings came out with ...
Generac Announces First Quarter 2025 Earnings Release Date and Conference Call
Newsfilter· 2025-04-16 10:00
Core Viewpoint - Generac Holdings Inc. is set to release its first quarter 2025 financial results on April 30, 2025, with a conference call scheduled for 10:00 a.m. EDT to discuss the earnings highlights [1]. Company Overview - Generac is a total energy solutions company founded in 1959, recognized as a leading global designer, manufacturer, and provider of energy technology solutions [3]. - The company offers a wide range of products including power generation equipment, energy storage systems, and energy management devices, catering to residential, light commercial, and industrial markets [3]. - Generac pioneered the affordable backup generator and established the automatic home standby generator category, continuing to expand its energy technology offerings to promote resilient, efficient, and sustainable energy solutions [3]. Conference Call Details - A webcast of the upcoming conference call will be accessible via a specific link and will also be available on Generac's website under the Investor Relations section [2]. - Following the live event, a replay of the conference call will be made available on the company's website [2].
Generac Holdings (GNRC) Surges 12.5%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 08:16
Generac Holdings (GNRC) shares ended the last trading session 12.5% higher at $114.65. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 22.4% loss over the past four weeks.The increase in share price can attributed to President Trump’s announcement of a 90-day pause on reciprocal tariffs, barring China. This led to skyrocketing indices and subsequent increases for most stocks including Generac. Apart from that, the ...
GNRC Boosts Data Center Power Portfolio With High-Capacity Generators
ZACKS· 2025-04-09 14:10
Generac Holdings Inc. (GNRC) recently expanded its robust portfolio with a new range of high-capacity generators specifically designed for the data center market. As the aging power grid faces mounting challenges from more extreme weather and increasing energy consumption, the company has been steadily shifting its focus toward serving commercial and industrial markets. With decades of experience powering hospitals, telecom operators and large-scale facilities, Generac is leveraging its deep expertise to me ...
Generac Strengthens Its Energy Portfolio with New Products Designed for the Data Center Market
Prnewswire· 2025-04-08 11:30
Generac introduces new line up of emergency stand-by generators to address high-capacity applications and the diverse needs of hyperscale, colocation, enterprise and edge data centers while integrating seamlessly across energy ecosystemsWAUKESHA, Wis., April 8, 2025 /PRNewswire/ -- Generac Holdings, Inc. (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, strengthens its portfolio with new generators designed for the data center market. ...
Generac Recognized for Excellence in Design with 2024 GOOD DESIGN Awards
Prnewswire· 2025-03-27 16:30
Awards across its generator portfolio reflect the company's dedication to innovative design and product engineeringWAUKESHA, Wis., March 27, 2025 /PRNewswire/ -- Generac Holdings, Inc. (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, has been recognized with GOOD DESIGN Awards in 2024 for the Generac XG04045 Liquid-Cooled Home Standby Generator and the Generac GP7500E Dual Fuel Portable Generator.GOOD DESIGN, the world's longest runn ...
WillScot to Nominate Dominick Zarcone as New Independent Director
Newsfilter· 2025-03-24 12:01
Core Points - WillScot Holdings Corporation announced the retirement of current Chairman Erik Olsson at the 2025 Annual Meeting, with Worthing Jackman set to be appointed as the new non-executive, independent Chairman [1][2][3] - Dominick (Nick) Zarcone has been nominated to stand for election to the Board, marking the fourth new independent director added in the past three years, bringing significant executive leadership and finance expertise [1][2][4] - The company aims to achieve free cash flow of $4 to $6 per share in the next three to five years, supported by a portfolio of growth levers and operational enhancements [2][3] Company Overview - WillScot is a leading provider of innovative temporary space solutions in North America, offering a comprehensive range of products including modular office complexes, mobile offices, and portable storage containers [8] - The company operates approximately 260 branch locations across the United States, Canada, and Mexico, serving diverse customer segments across various sectors of the economy [8] Leadership Background - Nick Zarcone previously served as President & CEO of LKQ Corporation and has extensive experience in finance and corporate governance [4][5] - Worthing Jackman has a strong background in waste management services and investment banking, and he is recognized as a Qualified Financial Expert [6][7]
Paranoia And Uncertainty Should Benefit Generac
Seeking Alpha· 2025-02-25 05:55
Group 1 - The year 2025 is anticipated to present significant challenges related to climate and trade issues, which could create a sense of urgency and concern in various sectors [1] - The author has extensive experience in foreign policy research and investment analysis, focusing on deep-discount value plays and underappreciated companies [1] - The investment philosophy is influenced by contrarian strategies, particularly those of David Dreman, emphasizing the importance of returning value to investors [1]
Generac (GNRC) - 2024 Q4 - Annual Report
2025-02-19 21:07
Business Expansion and Market Position - The company has established the largest network of factory direct independent generator dealers in North America, with significant investments made to grow this dealer network [85]. - The company has expanded its solar contractor base to sell and service PWRcell energy storage systems, aiming to increase market share in the clean energy sector [86]. - The company has made numerous acquisitions of industrial distributors since 2020 to enhance its coverage and market share in the C&I product sales [87]. - The retail distribution channel includes thousands of locations globally, driving significant brand awareness for residential standby and portable generators [88]. - The company’s competitive advantages include a broad product offering, diverse omni-channel distribution model, and strong factory support [106]. Research and Development - Approximately 1,250 engineers are focused on research and development, driving innovation in energy technology products and solutions [93]. - The company is focused on developing alternative technologies such as fuel cells and hydrogen to maintain its leadership position in energy technology solutions [95]. - Research and development expenses increased to $219,600, up 26.6% from $173,443 in 2023, indicating a focus on innovation [339]. Financial Performance - Net sales for 2024 reached $4,295,834, an increase of 6.8% compared to $4,022,667 in 2023 [339]. - Net income attributable to Generac Holdings Inc. for 2024 was $316,315,000, an increase from $214,606,000 in 2023 [292]. - Adjusted EBITDA for 2024 reached $789,101,000, compared to $637,859,000 in 2023, reflecting a growth of approximately 23.6% [292]. - Total current assets increased to $2,032,170, up from $1,997,692 in 2023, marking a growth of 1.7% [337]. - Total liabilities decreased to $2,611,888, down from $2,743,693 in 2023, a reduction of 4.8% [337]. Employee and Management Focus - The company emphasizes employee health and safety as its top priority, supported by a total rewards program focused on balance, security, well-being, and community [117]. - The company plans to continue focusing on employee engagement initiatives with targeted action plans measured by global surveys [118]. - The company is committed to attracting and retaining skilled employees, but faces challenges such as higher turnover rates and competitive compensation pressures [156]. Regulatory and Compliance Challenges - The company’s products are subject to stringent regulations from the U.S. Environmental Protection Agency (EPA) and other regulatory bodies, impacting emissions standards [113]. - Increased scrutiny regarding sustainability practices could impact the company's reputation and financial results [152]. - Regulatory requirements around sustainability-related disclosures may impose additional costs and resources [153]. - Environmental, health, and safety regulations could result in substantial costs and liabilities for non-compliance [176]. Supply Chain and Operational Risks - The company has diversified its global supply chain to mitigate the impact of trade tariffs, continuously evaluating supplier quality and cost structures [102]. - The company relies on a small number of outside contract manufacturers and single-source suppliers, which poses risks to its operations [132]. - The company has faced challenges in obtaining adequate, cost-efficient, and timely deliveries of raw materials and components, impacting its ability to manufacture products [131]. - Manufacturing disruptions could prevent the company from meeting customer demand, negatively impacting sales and financial results [158]. Financial Management and Capital Structure - As of December 31, 2024, total indebtedness was $1,334.2 million, with $498.8 million under the Tranche B Term Loan Facility and $712.5 million under the Tranche A Term Loan Facility [187][259]. - Total liquidity as of December 31, 2024, was $1,530.5 million, consisting of $281.3 million in cash and cash equivalents and $1,249.2 million available under the Revolving Facility [261]. - The company repurchased 1,046,351 shares of common stock for $152.7 million in 2024 and 2,188,475 shares for $251.5 million in 2023 [263]. - The company anticipates requiring additional capital to fund shareholder value-enhancing activities as it continues to expand its business [266]. Legal and Intellectual Property Issues - The company considers its intellectual property rights important assets and seeks to protect them through various legal means [133]. - The company has been subject to third-party intellectual property infringement claims, which could be costly and time-consuming to defend [134]. - Legal and regulatory proceedings may divert management attention and incur significant expenses, potentially affecting financial performance [170]. Market and Economic Conditions - Demand for products is significantly affected by unpredictable power outage activity, impacting financial results [143]. - Economic conditions, including prolonged downturns in residential investment and rising interest rates, could negatively impact product demand [145]. - Changes in U.S. trade policy, including tariffs, could adversely affect sales, gross margins, and profitability across segments [159]. Risk Management - Cybersecurity risks remain a concern, with potential impacts on sales and reputation due to data breaches or attacks on IT systems [185]. - The company engages in commodity risk management activities to mitigate the impact of price fluctuations on financial results [312]. - The company is exposed to floating interest rate risk on all outstanding debt under its Term Loans and Revolving Facility as of December 31, 2024 [313].