Generac Sees FY24 Net Sales Growth Between 5%-9% YoY, An Increase From Previous Outlook Of 4%-8%
Portfolio Pulse from Benzinga Newsdesk
Generac has increased its FY24 net sales growth outlook to 5%-9% due to higher power outage activity, including hurricanes. Residential product sales are expected to rise, while C&I and Other product sales may face softer conditions. Net income and EBITDA margins are also revised upwards.
October 31, 2024 | 10:07 am
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Generac has revised its FY24 net sales growth outlook upwards to 5%-9% due to increased power outage activity, including hurricanes. Residential product sales are expected to rise, while C&I and Other product sales may face softer conditions. Net income and EBITDA margins are also revised upwards.
Generac's increased sales growth outlook and improved margin expectations are positive indicators for the company's financial performance. The impact of hurricanes has led to higher demand for residential products, which is a key driver for the revised guidance. This news is likely to positively influence GNRC's stock price in the short term.
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