Generac Holdings: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 06:14 AM ET
Last Updated - Jul 31, 2024, 06:14 AM EDT
WAUKESHA, Wis. (AP) — WAUKESHA, Wis. (AP) — Generac Holdings Inc. (GNRC) on Wednesday reported second-quarter earnings of $59.1 million.
On a per-share basis, the Waukesha, Wisconsin-based company said it had profit of 97 cents. Earnings, adjusted for one-time gains and costs, came to $1.35 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The generator maker posted revenue of $998.2 million in the period, which fell short of Street forecasts. Eleven analysts surveyed by Zacks expected $1 billion.
