Paranoia And Uncertainty Should Benefit Generac
GNRC's fourth-quarter 2024 results gain from increasing demand for home standby and portable generators amid soft Commercial & Industrial ("C&I") product sales.
GNRC's fourth-quarter results gain from strengthening Residential product sales. Management initiates outlook for 2025 with revenues forecast to increase 3-7%.
Generac Holdings Inc. (NYSE:GNRC ) Q4 2024 Earnings Conference Call February 12, 2025 10:00 AM ET Company Participants Kris Rosemann - Senior Manager of Corporate Development and IR Aaron Jagdfeld - Chairman President and Chief Executive Officer York Ragen - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Inc. George Gianarikas - Canaccord Genuity Mike Halloran - Baird Jeff Hammond - KeyBanc Capital Markets Brian Drab - William Blair Jerry Revich - Goldman Sachs Kashy Harrison - Piper Sandler Mark Strouse - J.P. Morgan Jordan Levy - Truist Securities Keith Housum - Northcoast Research Vikram Bagri - Citi Operator Hello and welcome to Generac Holdings Inc. Fourth Quarter and Full Year 2024 Earnings Conference Call.
The headline numbers for Generac Holdings (GNRC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Generac Holdings (GNRC) came out with quarterly earnings of $2.80 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.07 per share a year ago.
Generac reported fourth-quarter earnings per share of $2.80 from sales of $1.2 billion on Wednesday. Wall Street was looking for $2.53 and $1.2 billion, respectively.
Get a deeper insight into the potential performance of Generac Holdings (GNRC) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
GNRC's fourth-quarter performance is likely to have gained from strength in the home standby generators category. Weakness in C&I sales remains concerning.
Generac unveils a powerful 28kW air-cooled generator, expanding its range to 10-28kW and integrating seamlessly with ecobee and PWRcell for total energy control.
GNRC's strengthening residential business and acquisitions bode well amid weakness in the C&I segment.
Here is how Generac Holdings (GNRC) and ScanSource (SCSC) have performed compared to their sector so far this year.