Generac Holdings: 2Q Earnings Snapshot
WAUKESHA, Wis. (AP) _ Generac Holdings Inc. (GNRC) on Thursday reported second-quarter earnings of $62 million.
The Waukesha, Wisconsin-based company said it had net income of 98 cents per share. Earnings, adjusted for non-recurring costs, came to $1.20 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The generator maker posted revenue of $541.9 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $540.4 million.
Generac Holdings shares have risen 42% since the beginning of the year. The stock has risen 31% in the last 12 months.