- Generac (NYSE:NYSE:GNRC) reports Residential product sales rose 1.4% to $159M in Q1 primarily due to the contributions from recent acquisitions.
- Commercial & Industrial product sales decreased 23% to $103M primarily due to a significant decline in shipments of mobile products into oil & gas and general rental markets.
- Gross margin rate improved 230 bps to 35.2%.
- Adjusted EBITDA fell 14% to $49.1M.
- FY2016 Guidance: Net sales: +10% to +12%; Total organic sales: -5% to -7% (on a constant currency basis); Adjusted EBITDA margin: ~20%.
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Symbol | Last Price | % Chg |
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GNRC | - | - |
Generac Holdings Inc. |