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Generac Holdings Q3 Adjusted Earnings, Revenue Rise; Sales Growth Outlook Lifted
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Generac Holdings Q3 Adjusted Earnings, Revenue Rise; Sales Growth Outlook Lifted
Oct 31, 2024 4:04 AM

06:39 AM EDT, 10/31/2024 (MT Newswires) -- Generac Holdings ( GNRC ) reported Q3 adjusted earnings Thursday of $2.25 per diluted share, compared with $1.64 a year earlier.

Analysts surveyed by Capital IQ expected $1.95.

Revenue for the three months ended Sept. 30 was $1.17 billion, compared with $1.07 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.16 billion.

The manufacturer of backup power generators lifted its net sales growth outlook for full-year 2024 to a range of 5% to 9% from previous guidance of 4% to 8%.

Generac ( GNRC ) shares were up 4.7% in recent Thursday premarket activity.

Price: 168.50, Change: +3.35, Percent Change: +2.03

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