Generac Holdings (GNRC) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.87%. A quarter ago, it was expected that this generator maker would post earnings of $0.72 per share when it actually produced earnings of $0.88, delivering a surprise of 22.22%. Generac Holdings, which belongs ...

International Segment International segment total sales (including inter-segment sales) decreased 18% to $184.5 million as compared to $223.7 million in the prior year quarter, including a slight benefit from foreign currency. The core total sales decline for the segment was primarily driven by lower inter-segment sales related to softness in the telecom market and weaker shipments in Europe, most notably for portable generators. Adjusted EBITDA for the segment, before deducting for noncontrolling interests ...

(7) Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance or debt issuance or refinancing, and certain purchase accounting and contingent consideration adjustments. | --- | |-----------------------------------------------------------| | | | noncontrolling interests | | Adjusted net income attributable to Generac Holdings Inc. | Jagdfeld continued, "Early in the third quarter, Hurricane Beryl highlighted the rising threat of seve ...

Adjusted EBITDA for the segment was $139.7 million, or 16.9% of domestic segment total sales, as compared to $103.2 million, or 12.7% of total sales, in the prior year. This margin improvement was primarily driven by favorable sales mix and the realization of lower input costs, partially offset by higher operating expense investments to support future growth initiatives. WAUKESHA, Wisc., July 31, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. (NYSE: GNRC) ("Generac" or the "Company"), a leading global desig ...

The market expects Generac Holdings (GNRC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers a ...

Generac Holdings Inc. (GNRC) recently announced that it has been granted a hefty sum of up to $200 million, spanning over five years, by the U.S. Department of Energy ("DOE"). This grant belongs to the $1 billion Puerto Rico Energy Resilience Fund (PR-ERF). By collaborating with its local project affiliates in Puerto Rico, the company aims to elevate the conditions in low-income areas suffering from frequent and extended power disruptions by supplying clean and resilient energy solutions. The program will a ...

WAUKESHA, Wis., July 17, 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 company has been awarded a grant of up to $200 million over the five year term of the award agreement with the U.S. Department of Energy (DOE) as part of the $1 billion Puerto Rico Energy Resilience Fund (PRERF). Under the PR-ERF's Programa Acceso Solar (Solar Access Program), Generac will facilitat ...

WAUKESHA, Wis., July 17, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. ("Generac") (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced plans to release its second quarter 2024 financial results before the market opens on Wednesday, July 31, 2024. Generac management will hold a conference call at 10:00 a.m. EST on that day to discuss highlights of this earnings release. The conference call will also be webcast simultaneously on Ge ...

The conference call can be accessed at the following link: https://register.vevent.com/register/BIda289d036c8c4968881c6413359be673. Individuals that wish to listen via telephone will be given dial-in information. Generac is a leading energy technology company that provides backup and prime power products and energy storage systems for home and commercial & industrial applications, energy monitoring & management devices and services, and other engine & battery powered tools and equipment. Founded in 1959, Ge ...

Generac Holdings Inc. (GNRC) is strengthening its energy management solutions portfolio by launching its first electric vehicle (EV) charger, a level 2 charger designed for homes and businesses, demonstrating its commitment to innovation and sustainable energy solutions. Generac's L2 EV charger includes five distinct charging modes to cater to various charging needs and preferences. Furthermore, with Power Boost Technology, the charger can efficiently redirect maximum power to the vehicle without causing an ...