Generac Posts 3Q EPS of $1.83
GNRC sits 47% above its 52-week low of $134.8.
Summary
Generac reported third-quarter EPS of $1.83, with adjusted EPS of $2.54 and net income of $109.2M on sales of $1.29B. That follows a Q2 in which net income and diluted EPS nearly doubled year-over-year on strong C&I segment growth and tariff refunds, so the bar was already elevated. Context matters here: the stock has been trading on the Amazon data center backup-generator supply agreement disclosed September 16, which sent shares up 18.3% in a session and included warrants for up to 1.69 million shares at $200.93. Whether this quarter shows any initial Amazon-related revenue is the key question the headline figures alone cannot answer.
At the time of this announcement, GNRC was trading at $198.40 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $11.4B. The 52-week trading range was $134.80 to $296.44. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.