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Generac: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Generac Hldgs (NYSE:GNRC) fell 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 45.45% year over year to $2.08, which beat the estimate of $1.66.

Revenue of $701,355,000 up by 16.67% from the same period last year, which beat the estimate of $664,710,000.

Guidance

The upcoming fiscal year's revenue expected to be between $2,424,000,000 and $2,468,000,000.

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 10:00 AM

View more earnings on GNRC

ET Webcast URL: https://edge.media-server.com/mmc/p/ncpu2ohm

Technicals

Company's 52-week high was at $215.98

Company's 52-week low was at $75.50

Price action over last quarter: Up 31.81%

Company Overview

Generac Holdings Inc designs and manufactures power generation equipment and other engines- powered products serving residential, commercial, oil, gas, and other industrial markets. It offers standby generators, and portable and mobile generators for a variety of applications. In addition, the company offers lighting, heating, pumps, and outdoor power equipment. Generac reports sales in multiple divisions: residential, commercial and industrial, and others. The company has the capability to produce a wide range of engine products from certain stationary generator solutions to much larger multimegawatt systems. Sales generated in the United States account for the majority of total sales.

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