IT veteran leads new era of innovation at Generac WAUKESHA, Wis., March 4, 2024 /PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, today announced the appointment of Talal Butt as chief information officer (CIO) effective March 4, 2024. In this role, Butt will report to Generac president and chief executive officer Aaron Jagdfeld. Butt will be responsible for spearheading the global information tec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34627 GENERAC HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 20-5654756 (State or other jurisdiction o ...

Key TakeawaysGenerac missed earnings estimates and full-year guidance as demand for its commercial products slowed.The maker of generators and other electric power items reported revenue at its commercial and industrial (C&I) unit was basically flat from a year ago.Generac said its C&I sales have been hurt by lower demand from certain telecom, rental, and "beyond standby" customers.Generac Holdings (GNRC), the maker of generators and other electric power products, rerported earnings that missed analysts' ex ...

Adjusted EBITDA for the segment before deducting for non-controlling interests was $20.4 million or 10.7% of total sales as compared to $29.5 million or 13.5% in the prior year quarter. For the full year of 2023, International segment total sales increased 6% over the prior year to $838 million. Adjusted EBITDA margins for the segment before deducting for non-controlling interests were 13.7% of total sales during 2023 as compared to 13.8% in the prior year full year. Diluted net income per share for the com ...

For the quarter ended December 2023, Generac Holdings (GNRC) reported revenue of $1.06 billion, up 1.4% over the same period last year. EPS came in at $2.07, compared to $1.78 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of -3.07%. The company delivered an EPS surprise of -1.43%, with the consensus EPS estimate being $2.10.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

Generac Holdings Inc (GNRC) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $2.07, which missed the Zacks Consensus Estimate of $2.10. GNRC reported adjusted EPS of $1.78 in the prior year.Net sales increased 1% year over year to $1.06 billion but fell short of the consensus estimate by 3.07%. The year-over-year performance was driven by improvement across both the segments.In the quarter under review, core sales growth (excluding the impact of acquisitions and foreign currency) remained u ...

Generac Holdings (GNRC) came out with quarterly earnings of $2.07 per share, missing the Zacks Consensus Estimate of $2.10 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.43%. A quarter ago, it was expected that this generator maker would post earnings of $1.50 per share when it actually produced earnings of $1.64, delivering a surprise of 9.33%.Over the last four quarters, the ...

Shares of Generac Holdings Inc. took a hit Wednesday, after the home-generator maker reported fourth-quarter results that came up short of expectations and provided a downbeat outlook, citing weakness in its industrial and commercial business. The stock GNRC dropped 3.1% in premarket trading, to pace its industrial-sector peers in declines ahead of the open. Revenue... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. ...

WAUKESHA, Wis., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. (NYSE:GNRC) ("Generac" or the "Company"), a leading global designer and manufacturer of energy technology solutions and other power products, today reported financial results for its fourth quarter and full-year ended December 31, 2023 and initiated its outlook for the full-year 2024. Fourth Quarter 2023 Highlights Net sales increased 1% to $1.06 billion during the fourth quarter of 2023 as compared to $1.05 billion in the prior-year fo ...

Generac Holdings Inc (GNRC) will report fourth-quarter 2023 results on Feb 14.The Zacks Consensus Estimate for quarterly revenues is pegged at $1.10 billion, indicating a year-over-year increase of 4.6%. The consensus estimate for earnings is pegged at $2.09 per share, suggesting a 17.4% rise year over year.GNRC beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average earnings surprise of 7.1%. In the past year, shares of the company have gained 3.8% ag ...