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Generac (GNRC) broadens its portfolio of energy solutions by acquiring Ageto, which is an important provider of microgrid controllers.
Generac Holdings Inc. NYSE: GNRC delivered a solid second-quarter earnings report that included raising its full-year outlook for revenue and earnings. But this looks like a sell-the-news event.
Generac Holdings Inc. (NYSE:GNRC ) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Kris Rosemann - Senior Manager of Corporate Development and Investor Relations Aaron Jagdfeld - President and Chief Executive Officer York Ragen - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens, Inc. George Gianarikas - Canaccord Genuity Michael Halloran - Robert W. Baird Jeff Hammond - KeyBanc Capital Markets Brian Drab - William Blair Jerry Revich - Goldman Sachs Kashy Harrison - Piper Sandler Stephen Gengaro - Stifel Nicolaus Jordan Levy - Truist Securities Donovan Schafer - Northland Capital Markets Keith Housum - Northcoast Research Chip Moore - ROTH Capital Partners Operator Good day and thank you for standing by.
Although the revenue and EPS for Generac Holdings (GNRC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Generac's (GNRC) second-quarter results get affected due to weakness in C&I sales. Nonetheless, management has raised its sales expectations for 2024, owing to recent power outage activity.
Generac Holdings (GNRC) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.08 per share a year ago.
Generac's (GNRC) Q2 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.
Generac (GNRC) secures a $200 million donation from the U.S. Department of Energy to advance Puerto Rico's energy infrastructure as part of the $1 billion Puerto Rico Energy Resilience Fund.
Generac Holdings Inc. GNRC is strengthening its energy management solutions portfolio by launching its first electric vehicle (EV) charger, a level 2 charger designed for homes and businesses, demonstrating its commitment to innovation and sustainable energy solutions. Citing the Global EV Outlook 2024 report by the International Energy Agency, Generac highlighted that the U.S. EV market is projected to reach an 11% market share in 2024.
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