Generac Reports Record Quarterly and Full-Year 2019 Results
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February 13, 2020 4:58 PM EST
Oppenheimer analyst Christopher Glynn raised the price target on Generac Holdings (NYSE: GNRC) to 'Street High' $135.00 (from $125.00) while maintaining an Outperform rating.
The analyst commented, "GNRC's expectations rose for the ESS platform (energy storage systems; "clean energy") to deploy over 150MW hours of systems... More
February 13, 2020 6:01 AM EST
Generac Holdings (NYSE: GNRC) reported Q4 EPS of $1.53, $0.17 better than the analyst estimate of $1.36. Revenue for the quarter came in at $590.9 million versus the consensus estimate of $588.74 million.
Fourth Quarter 2019 Highlights
Net sales increased 4.9% to $590.9 million during the fourth quarter of 2019 as compared to $563.4 million in the prior-year fourth quarter. Core sales growth, which excludes both the impact of acquisitions and foreign currency, was approximately 4%. Residential product sales increased 9.7% to $322.5 million as compared to $293.9 million last year, with core sales growth of approximately 7%. Commercial & Industrial (C&I) product sales decreased 2.7%...
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