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More on Generac's Q1

May 04, 2016 7:25 AM ETGenerac Holdings Inc. (GNRC) StockBy: Niloofer Shaikh, SA News Editor
  • 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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