Trend: The list of home and office equipment that needs continuous electric power (computers, routers, refrigeration, etc.) continues to grow.
Benefiting from this trend, Generac sells more home standby generators than all of their competitors combined.
Here's a one year chart for Generac.
| Generac Reports Third Quarter 2011 Results |
Strong demand for back-up power drives substantial increase in sales, profit and cash flow during the quarter
WAUKESHA, Wis., Nov 01, 2011 (BUSINESS WIRE) --
Generac Holdings Inc. (NYSE: GNRC), a leading designer and manufacturer of generators and other engine powered products, today reported financial results for its third quarter ended September 30, 2011.
Highlights -
- Total net sales increased year-over-year by 49.0% to $239.3 million as compared to $160.7 million in the third quarter of 2010.
- 60.5% year-over-year growth in Residential product sales.
- Commercial & Industrial (C&I) product sales up 27.4% compared to prior year.
- Net income increased year-over-year to $37.4 million as compared to $23.0 million for the third quarter of 2010; Adjusted net income increased 37.8% to $50.6 million from $36.7 million in the third quarter of 2010.
- Diluted net income per common share was $0.55 per share as compared to $0.34 per share in the third quarter of 2010; Adjusted diluted net income per common share was $0.75 per share as compared to $0.55 per share in the third quarter of 2010.
- Cash flow from operations in the third quarter 2011 increased 67.3% to $61.0 million as compared to $36.5 million in the prior year quarter.
- On October 3, 2011, the Company acquired substantially all the assets and certain liabilities of Magnum Products, LLC, funded solely by cash on the balance sheet. (Link: http://investors.generac.com/phoenix.zhtml?c=232690&p=irol-newsArticle&ID=1624088&highlight=)
Note: We may own GNRC at any time.
|
Generac generator models present various aspects for a rapid and simple use. Generac Company is very famous in the industry of generators mainly because they offer quality devices that are very much dependable.
Posted by: charlesadamson | May 10, 2012 at 01:57 AM