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Aaron Jagdfeld, Generac CEO, joins CNBC's 'The Exchange' to discuss hurricane impact, increased full-year guidance, demand, and more.
Generac Holdings Inc. (NYSE:GNRC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Kris Rosemann - Senior Manager of Corporate Development and IR Aaron Jagdfeld - President and CEO York Ragen - CFO 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 Stephen Gengaro - Stifel Nicolaus Keith Housum - Northcoast Research Jordan Levy - Truist Securities Operator Thank you for standing by, and welcome to Generac Holdings Third Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.
GNRC's third-quarter results gain from strengthening Residential product sales. Management raises sales outlook for 2024 due to higher power outage activity.
While the top- and bottom-line numbers for Generac Holdings (GNRC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Generac Holdings (GNRC) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $1.64 per share a year ago.
GNRC's third-quarter performance is likely to have gained from strength in the home standby generators category.
Generac Holdings (GNRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In collaboration with the CWA, GNRC has been selected by the U.S. DOE to enter negotiations for a $50 million award through the GRIP program.
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Generac Holdings (GNRC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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