Generac reports Q4 adjusted EPS $2.80, consensus $2.53

Reports Q4 revenue $1.23B, consensus $1.25B. “Our fourth quarter results highlight our ability to rapidly increase production and execute on the strong demand for home standby and portable generators resulting from elevated outage activity in the second half of the year,” said Aaron Jagdfeld, President and Chief Executive Officer. “The mega-trends that support our long-term expectations were on full display in 2024 as power quality continued to deteriorate and power prices continued to increase. Power outage hours in the U.S. during the year were the highest since we began tracking the measure in 2010, while power demand expectations accelerated and efforts to decarbonize the power grid with intermittent generation sources continued. We believe the strategic investments we have made position Generac (GNRC) for sustained success as we provide innovative energy resiliency and efficiency solutions for homes, businesses, and critical infrastructure.”