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Stock impact report

Generac Reports First Quarter 2020 Results

Generac Holdlings Inc. (GNRC) 
Last generac holdlings inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generac.com
Company Research Source: GlobeNewswire
WAUKESHA, Wis., April 30, 2020 (GLOBE NEWSWIRE) -- Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today reported financial results for its first quarter ended March 31, 2020 and provided an update on its outlook for the full year 2020.     First Quarter 2020 Highlights Net sales increased 1.2% to $475.9 million during the first quarter of 2020 as compared to $470.4 million in the prior-year first quarter.  Core sales growth, which excludes both the impact of acquisitions and foreign currency, declined approximately 3%. Residential product sales increased 18.3% to $257.6 million as compared to $217.8 million last year, with core sales growth of approximately 9% when excluding the impact of the Neurio and Pika acquisitions.   Commercial & Industrial (“C&I”) product sales decreased 17.7% to $172.1 million as compared to $209.1 million in the prior year, with Show less Read more
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