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Generac Holdings Inc. Message Board

  • getintoh20 getintoh20 Jul 30, 2013 6:23 AM Flag

    (GNRC) Tops Q2 EPS by 19c; Boosts Revs Outlook

    Generac Holdings (NYSE: GNRC) reported Q2 EPS of $0.95, $0.19 better than the analyst estimate of $0.76. Revenue for the quarter came in at $346.7 million versus the consensus estimate of $328.41 million.

    The Company is revising upward its sales guidance for full-year 2013 primarily due to continued strong demand for home standby and portable generators, an improved outlook for C&I shipments, as well as the expected closing of the Tower Light acquisition early in the third quarter of 2013. Full-year 2013 net sales are now expected to increase in the low-20% range over the prior year, which is an increase from the low-to-mid teens rate previously expected. Specifically for the second half 2013, net sales are now forecasted to increase in the mid-single digit range as compared to the very strong prior-year second-half period. This top-line guidance continues to assume no material changes in the current macroeconomic environment and no major power outage events for the remainder of 2013.

 
GNRC
46.91+0.61(+1.32%)Aug 19 4:01 PMEDT

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