Generac Holdings (GNRC +12.5%) generates double digit gains on the session after its record Q1...


Generac Holdings (GNRC +12.5%) generates double digit gains on the session after its record Q1 results impress. Net sales rose 35.7% Y/Y as both residential product sales (+45.8%) and commercial and industrial revenues (+21%) post strong growth. Profit margins widened 70 basis points and net income beat estimates handily. GNRC also ups its sales guidance, saying it sees low-to-mid teens growth for the fully year and 30-35% growth Y/Y in Q2. (PR)

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