Generac Holdlings tops 4Q earnings and revenue expectations

StocksAssociated Press

Generac Holdlings Inc. (GNRC) on Wednesday reported fourth-quarter profit of $49.4 million.

The Waukesha, Wisconsin-based company said it had profit of 70 cents per share. Earnings, adjusted for pretax expenses and amortization costs, came to 98 cents per share.

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The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The generator maker posted revenue of $404 million in the period, also surpassing Street forecasts. Analysts expected $360.7 million, according to Zacks.

For the year, the company reported profit of $174.6 million, or $2.49 per share. Revenue was reported as $1.46 billion.

Generac Holdlings shares have risen nearly 2 percent since the beginning of the year. The stock has declined 5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNRC at http://www.zacks.com/ap/GNRC

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Keywords: Generac Holdlings, Earnings Report