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Generac Holdings Inc. (NYSE:GNRC ) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Company Participants Kris Rosemann - Senior Manager-Corporate Development and Investor Relations Aaron Jagdfeld - President and Chief Executive Officer York Ragen - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Inc. George Gianarikas - Canaccord Genuity Michael Halloran - Robert W. Baird & Co. Jeffrey Hammond - KeyBanc Capital Markets Inc. Brian Drab - William Blair & Co. Jerry Revich - Goldman Sachs Stephen Gengaro - Stifel Nicolaus and Company, Inc. Donovan Schafer - Northland Capital Markets Kashy Harrison - Piper Sandler Jon Windham - UBS Jordan Levy - Truist Securities Vikram Bagri - Citigroup Inc. Operator Thank you for standing by and welcome to the Generac Holdings First Quarter 2024 Earnings Call.

While the top- and bottom-line numbers for Generac Holdings (GNRC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Generac's (GNRC) first-quarter performance is cushioned by an increase in Residential product sales. Management reiterated its sales expectations for 2024.

Generac Holdings (GNRC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.63 per share a year ago.

Generac's (GNRC) Q1 performance is likely to have been favorably impacted by continued strength in the home standby generator and residential energy technology products and solutions revenue category.

Evaluate the expected performance of Generac Holdings (GNRC) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Generac's shares have fallen over 80% from their all-time high, creating an attractive valuation for investors. The company is well-positioned to benefit from long-term "megatrends" such as the evolution of the electrical grid, climate change, and the emergence of cleaner alternative fuels. Generac's residential business represents a significant growth opportunity, with the potential for increased penetration rates and strong sales growth in the coming years.

It's been a rough month for most S&P 500 stocks. But some are absolutely thriving.

WAUKESHA, Wisc., April 17, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. ("Generac") (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced plans to release its first quarter 2024 financial results before the market opens on Wednesday, May 1, 2024. Generac management will hold a conference call at 10:00 a.m. EDT on that day to discuss highlights of this earnings release.

Generac (GNRC) is looking at inorganic strategy to boost solutions portfolio and drive expansion, per a report from Bloomberg.