GNRC - Why Generac Holdings Shares Are Falling Today | Benzinga
Generac Holdings Inc. (NYSE:GNRC) shares are trading lower premarket on Wednesday.
The company reported fourth-quarter adjusted earnings per share of $2.07, missing the analyst consensus of $2.08.
Revenue of $1.064 billion missed the street view of $1.094 billion.
Net sales increased 1% year over year. Residential product sales increased 1% to $580 million, while Commercial & Industrial product sales increased slightly to $363 million.
The gross profit margin was 36.5% compared to 32.7% in the fourth quarter of the prior year, driven by a favorable product mix, production efficiencies, and lower ...