Generac's (GNRC) Q2 Earnings Surpass Estimates, Stock Up

As of Jun 30, 2024, GNRC had $218.3 million of cash and cash equivalents, with nearly $1.445 billion of longterm borrowings and finance lease obligations. In the reported quarter, the company repurchased shares worth $51 million. GNRC had shares worth $449 left under its buyback authorization as of Jun 30, 2024. In February 2024, GNRC approved a new share buyback authorization that allows for a repurchase of up to $500 million in the next 24 months. It replaced the remaining balance on the earlier program. ...