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 ...

Generac Holdings Inc. (NYSE:GNRC) Q4 2023 Earnings Conference Call February 14, 2024 10:00 AM ET Company Participants Kris Rosemann - Senior Manager-Corporate Development & Investor Relations Aaron Jagdfeld - President & Chief Executive Officer York Ragen - Chief Financial Officer Conference Call Participants George Gianarikas - Canaccord Genuity Michael Halloran - Baird David Tarantino - KeyBanc Capital Markets Brian Drab - William Blair Christopher Glynn - Oppenheimer & Co. Jerry Revich - Goldman Sachs St ...

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 ...

In its upcoming report, Generac Holdings (GNRC) is predicted by Wall Street analysts to post quarterly earnings of $2.09 per share, reflecting an increase of 17.4% compared to the same period last year. Revenues are forecasted to be $1.1 billion, representing a year-over-year increase of 4.6%.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their init ...

Generac Holdings (GNRC) closed at $127.14 in the latest trading session, marking a +1.07% move from the prior day. This move outpaced the S&P 500's daily gain of 0.06%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.24%.Shares of the generator maker witnessed a gain of 1.17% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 12.39% and the S&P 500's gain of 6.45%.The investment community will be closely monitoring the performance of ...