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Generac's Q2 Earnings Rise, Revenue Declines; Lifts Net Sales Growth Outlook -- Shares Rise Pre-Bell
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Generac's Q2 Earnings Rise, Revenue Declines; Lifts Net Sales Growth Outlook -- Shares Rise Pre-Bell
Jul 31, 2024 6:07 AM

08:53 AM EDT, 07/31/2024 (MT Newswires) -- Generac ( GNRC ) reported Q2 adjusted earnings Wednesday of $1.35 per diluted share, compared with $1.08 a year earlier.

Analysts surveyed by Capital IQ expected $1.20.

Revenue for the quarter ended June 30 was $998.2 million, compared with $1 billion a year earlier. Analysts surveyed by Capital IQ expected $1 billion.

The manufacturer of backup power generation raised its net sales growth outlook for full-year 2024 to a range of 4% to 8% from previous guidance of 3% to 7%.

Generac ( GNRC ) shares were up 3.2% in recent premarket activity.

Price: 160.50, Change: +4.93, Percent Change: +3.17

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