Generac Holdings: 1Q earnings snapshot

Associated Press

May 3, 2019

WAUKESHA Generac Holdings Inc. (GNRC) on Thursday reported first-quarter profit of $44.9 million.

The Waukesha, Wisconsin- based company said it had profit of 76 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 91 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The generator maker posted revenue of $470.4 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $446.5 million.

Generac Holdings shares have increased 11%.