Generac Reports Record Fourth Quarter and Full-Year 2020 Results
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Generac Holdings (GNRC) Tops Q4 EPS by 16c, Revenues Beat
February 11, 2021 6:05 AM ESTGenerac Holdings (NYSE: GNRC) reported Q4 EPS of $2.12, $0.16 better than the analyst estimate of $1.96. Revenue for the quarter came in at $761 million versus the consensus estimate of $731.23 million.
Fourth Quarter 2020 Highlights
Net sales increased 29% to a record $761 million during the fourth quarter of 2020 as compared to $591 million in the prior-year fourth quarter. Core sales growth, which excludes both the impact of acquisitions and foreign currency, increased approximately 28%.- Residential product sales increased 55% to $499 million as compared to $323 million last year.- Commercial & Industrial (C&I) product sales decreased 9% to $199 million as compared to... More