Generac Holdings (GNRC) Tops Q4 EPS by 1c; Sees FY Sales Down 6-10%
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Generac Reports Fourth Quarter and Full-Year 2022 Results
February 15, 2023 6:01 AM ESTWAUKESHA, Wis., Feb. 15, 2023 (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 fourth quarter and full-year ended December 31, 2022 and initiated its outlook for the full-year 2023.
Fourth Quarter 2022 Highlights
Net sales decreased 2% to $1.05 billion during the fourth quarter of 2022 as compared to $1.07 billion in the prior-year fourth quarter. Core sales, which excludes both the impact of acquisitions and foreign currency, decreased approximately... More