Welcome to our dedicated page for Generac Hldgs news (Ticker: GNRC), a resource for investors and traders seeking the latest updates and insights on Generac Hldgs stock.
Generac Holdings Inc. reports news on its energy technology and power products business, including generators, energy storage systems, energy management devices and outdoor power equipment for residential, commercial, data center, telecom, rental and industrial markets.
Recurring developments include earnings and segment updates for Residential and Commercial & Industrial, product launches such as diesel generators and DR Power outdoor equipment, storm-readiness initiatives tied to backup power, and distributed energy resource collaborations for resiliency, demand response and grid capacity. Company updates also cover investor presentations, manufacturing-industry governance participation, and market demand for home standby, portable and mission-critical power solutions.
Generac Holdings reported a 1.2% increase in net sales for Q1 2020, reaching $475.9 million, compared to $470.4 million in Q1 2019. Notably, residential product sales surged by 18.3% to $257.6 million, while commercial & industrial sales fell by 17.7% to $172.1 million. The net income amounted to $44.5 million, translating to $0.68 per share, a slight decline from the previous year's $0.76. Adjusted EBITDA was $86 million, at 18.1% of net sales, down from 18.5%. The company has $573 million in liquidity and revised its full-year outlook, expecting a 5-10% decline in sales due to COVID-19 impacts, particularly in C&I products, but resilient residential demand is anticipated.