March 25 (Reuters) - Power equipment maker Generac
Holdings ( GNRC ) said on Wednesday it will reorganize its
Domestic and International segments into Residential and
Commercial & Industrial (C&I) divisions, effective March 31.
Here are the details from the company statement:
-- Generac's ( GNRC ) Residential segment will consist of the former
Domestic segment, excluding the domestic commercial and
industrial operations.
-- The Residential segment will deliver backup power, energy
technology solutions, and outdoor power equipment to a similar
customer base.
-- The domestic C&I operations as well as the former
International business will be reorganized into the Commercial &
Industrial segment.
-- The C&I segment will focus on opportunities across a
diverse set of end markets, primarily for emergency backup power
generators, mobile power generation and lighting products,
battery energy storage systems, and related services.
-- The reorganization changes will be reflected in the
company's fiscal 2026 first-quarter earnings report.
-- The power equipment maker had last month posted
lower-than-expected fourth-quarter profit and sales amid weak
demand for its home standby and portable generators.
(Reporting by Parth Chandna in Bengaluru)