Generac Holdings: Q2 Earnings Snapshot
WAUKESHA, Wis. (AP) _ Generac Holdings Inc. (GNRC) on Wednesday reported second-quarter earnings of $156.4 million.
The Waukesha, Wisconsin-based company said it had net income of $2.21 per share. Earnings, adjusted for amortization costs and non-recurring costs, were $2.99 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.65 per share.
The generator maker posted revenue of $1.29 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $1.26 billion.