Generac Reports Third Quarter 2018 Results
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Generac Holdings (GNRC) Tops Q3 EPS by 35c, Revenues Beat; Boosts FY18 Revenue Growth Outlook
November 1, 2018 6:17 AM EDTGenerac Holdings (NYSE: GNRC) reported Q3 EPS of $1.43, $0.35 better than the analyst estimate of $1.08. Revenue for the quarter came in at $559.5 million versus the consensus estimate of $502.94 million.
Net sales increased 22.7% to $559.5 million during the third quarter of 2018 as compared to $455.8 million in the prior-year third quarter, including $13.4 million of contribution from the Selmec acquisition, which closed on June 1, 2018. Core sales growth, which excludes both the impact of acquisitions and foreign currency, was approximately 20%. Gross profit margin improved 110 basis points to 35.4% as compared... More