Generac Holdings: Q4 Earnings Snapshot
By AP News
Published - Feb 14, 2024, 06:27 AM ET
Last Updated - Feb 14, 2024, 06:27 AM EST
WAUKESHA, Wis. (AP) — WAUKESHA, Wis. (AP) — Generac Holdings Inc. (GNRC) on Wednesday reported fourth-quarter profit of $96.6 million.
On a per-share basis, the Waukesha, Wisconsin-based company said it had net income of $1.57. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.07 per share.
The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.
The generator maker posted revenue of $1.06 billion in the period, which also fell short of Street forecasts. Twelve analysts surveyed by Zacks expected $1.1 billion.
