Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Generac Holdings (GNRC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Generac Holdings is one of 213 companies in the Industrial Products group. The Industrial Products group currently sits at #12 within the Zacks S ...

Generac TodayGNRCGenerac$195.19 +5.84 (+3.08%) 52-Week Range$102.23▼$195.94P/E Ratio40.50Price Target$169.10Add to WatchlistGenerac Holdings Inc. NYSE: GNRC is one of the few benefactors of major storms and power outages. The industrial products sector company is a leading manufacturer of backup generators for residential and commercial & industrial applications. While the stock is trading near 52-week highs, here are five compelling reasons to step into this stock before year’s end.Get Generac alerts:1) M ...

The Company's Cold Weather Preparedness Guide is an Easy Tool for Navigating Winter Outage PlanningWAUKESHA, Wis., Nov. 12, 2024 /PRNewswire/ -- Generac Power Systems (NYSE: GNRC), a leading global designer, manufacturer and provider of energy technology solutions and other power products, is encouraging homeowners across the United States to plan well in advance for winter weather-related power outages, as power outage rates continue to rise across the United States.According to NOAA's 2024-2025 Winter Out ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 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 (Stat ...

Generac Holdings Inc. (NYSE:GNRC) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Kris Rosemann - Senior Manager of Corporate Development and IR Aaron Jagdfeld - President and CEO York Ragen - CFO Conference Call Participants Tommy Moll - Stephens Inc. George Gianarikas - Canaccord Genuity Mike Halloran - Baird Jeff Hammond - KeyBanc Capital Markets Brian Drab - William Blair Jerry Revich - Goldman Sachs Kashy Harrison - Piper Sandler Stephen Gengaro - Stifel Nicolaus Keit ...

Financial Data and Key Metrics - Overall net sales increased by approximately 10% YoY to $1.2 billion in Q3 2024 [8] - Residential product sales surged 28% YoY to $723 million, driven by strong demand for home standby and portable generators [39] - Global C&I product sales declined 15% YoY to $328 million due to weaker market conditions in Europe and lower CapEx spending in the US [40] - Gross profit margin reached 40.2%, the highest since Q3 2010, driven by favorable sales mix, lower input costs, and improved production efficiencies [42] - Adjusted EBITDA margin expanded to 19.8%, up from 17.6% in the prior year, reflecting strong execution and margin expansion [45] Business Line Performance - Home standby generator shipments grew at a high 20% rate YoY, driven by elevated power outage activity [10] - Portable generator shipments also saw strong growth due to increased power outages, serving as an entry point for first-time buyers [19] - Residential Energy Technology Products & Solutions benefited from initial shipments under the Department of Energy grant in Puerto Rico, with further momentum expected from the launch of PWRcell 2 [21][22] - C&I battery energy storage systems (BESS) and microgrid solutions saw growth, supported by the acquisition of Agito and a $50 million DOE grant for microgrid deployment in California [29][30] Market Performance - Domestic sales increased 14% YoY to $1.02 billion, with adjusted EBITDA margin improving to 20.7% [46] - International sales declined 20% YoY to $167 million, primarily due to weaker conditions in Europe, partially offset by growth in Latin America [47] - The US Southeast region, impacted by Hurricanes Helene and Milton, saw a significant increase in demand for home standby generators [7][17] Strategic Direction and Industry Competition - The company is focused on expanding its energy management ecosystem, centered around the ecobee Smart Home Energy Hub, to differentiate itself in the market [23][25] - Investments in clean energy storage and microgrid solutions are expected to drive long-term growth, supported by the acquisition of Agito and the DOE grant [29][30] - The company is leveraging its scale, distribution network, and marketing capabilities to capitalize on the growing demand for residential backup power [15][16] Management Commentary on Operating Environment and Future Outlook - Management highlighted the impact of elevated power outage activity, particularly from Hurricanes Helene and Milton, as a key driver of Q3 performance [7][10] - The company raised its 2024 outlook, expecting net sales growth of 5% to 9%, driven by higher residential product sales [54] - Long-term trends such as electrification, AI adoption, and grid-related supply-demand imbalances are expected to support future growth [37] Other Important Information - The company repurchased 691,000 shares for approximately $102 million in Q3, with $347 million remaining under the current repurchase authorization [52] - Free cash flow for Q3 was $184 million, up from $117 million in the prior year, driven by higher operating earnings and improved working capital management [51] Q&A Session Summary Question: Home standby revenue and activations guidance - Home standby revenue is expected to grow slightly above the high teens range, with activations accelerating in Q4 [67] Question: Margin impact from energy technology investments - The margin drag from energy technology investments is expected to fade over time, with breakeven targeted by the end of 2026 [71] Question: European business trends - Europe, particularly Germany, has been challenging, with weakness in portable generators and broader C&I products. Recovery is expected to lag behind the US [77][79] Question: Historical context of storm-driven demand - The company expects $200 million in incremental revenue from storm-driven demand in 2024, with potential spillover into 2025 [84] Question: Differentiators in new clean energy products - PWRcell 2 offers improved storage capacity, power output, and integration with the ecobee ecosystem, positioning it as a market leader [93][95] Question: Timing of demand fulfillment from recent hurricanes - Demand fulfillment is gated by supply chain and production capacity, with some demand likely spilling into 2025 [103] Question: In-home consultations and Q4 residential standby guidance - October is expected to be a record month for in-home consultations, with home standby shipments increasing in Q4 while portable generator sales decline [111][113] Question: C&I business stabilization - Telecom sales are expected to stabilize, while rental equipment demand may remain soft. Europe is likely to remain challenging, offset by growth in other regions [116][123] Question: Margin progression drivers - Gross margin improvement was driven 40-50% by favorable sales mix and 50-60% by lower input costs and improved efficiencies [125][127] Question: C&I growth opportunities from power outages - Power outages drive long-term awareness and demand for C&I backup solutions, though the impact is often delayed due to business decision-making processes [131][133] Question: Financing options for home standby generators - Financing initiatives will be a focus in 2025 to improve close rates, with current financing programs covering around 20% of dealer network sales [136]

Generac Holdings Inc (GNRC) reported third-quarter 2024 adjusted earnings per share (EPS) of $2.25, which beat the Zacks Consensus Estimate of $1.98. GNRC reported adjusted EPS of $1.64 in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Net sales came in at $1.17 billion, up 10% compared with $1.07 billion reported in the prior-year quarter. The figure also beat the consensus estimate by 1.3%. The increase in Residential product sales offset a decline in Comme ...

For the quarter ended September 2024, Generac Holdings (GNRC) reported revenue of $1.17 billion, up 9.6% over the same period last year. EPS came in at $2.25, compared to $1.64 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.16 billion, representing a surprise of +1.28%. The company delivered an EPS surprise of +13.64%, with the consensus EPS estimate being $1.98.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Generac Holdings (GNRC) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $1.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.64%. A quarter ago, it was expected that this generator maker would post earnings of $1.24 per share when it actually produced earnings of $1.35, delivering a surprise of 8.87%.Over the last four quarters, the ...