weather

75°

Cloudy | 6MPH

NEWSROOM * CIRCULATION * ADVERTISING

CONTACT US MANAGE ACCOUNT SUBSCRIBE

Saturday

July 2014

26

Superstorm powers Generac projections

The massive power outages on the east coast following superstorm Sandy have resulted in an increase in distribution at Generac Holdings Inc., headquartered in Genesee, and an even higher financial projection for the end of the year.

Following a year of strong numbers, net sales increased year-over-year by 25.6 percent to $300.6 million in the third quarter of 2012 as compared to $239.3 million in the third quarter of 2011.

Net sales for the third quarter of 2012 were in line with the high end of the company's previously announced expected range of $295 to $300 million as pre-released on Oct. 1.

Residential product sales increased 17.8 percent compared to the strong third quarter of 2011, in which year-over-year sales growth was 60.5 percent.

Commercial and industrial product sales increased 48.3 percent compared to the prior year third quarter.

As a result of the current major power outage activity, the company is raising its sales growth guidance for full-year 2012 to the low-40 percent range over the prior year, which represents an increase from the low-30 percent growth rate previously expected in the Oct. 1 business update. Diluted net income per common share for 2012 is now expected to be in the range of $1.21 to $1.27, with adjusted diluted net income per common share of $2.95 to $3, compared to the $2.65 to $2.70 per share range previously expected.

"The events of the last few days continue to demonstrate for home owners and business owners the importance of having a backup plan for their power needs. Automatic standby generators have emerged as a cost-effective and increasingly important part of those backup plans. As a result of the increased awareness these outage events provide, adoption rates for home standby and light commercial generators have accelerated over the last several years." said Aaron Jagdfeld, President and Chief Executive Officer after recent storm events.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.


Living Lake Country

E-mail Newsletter

Top stories from the Lake Country area. Tuesday afternoons and Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.
Tools
TEXT SIZE
Lake Country Construction Guide

 

Consruction season is underway in Lake Country and

we've got you covered when it comes to street closures and delays:

Mukwonago area projects

Sussex, Menomonee Falls area projects

Kettle Moraine area projects

Greater Lake Country area projects

 

Community Pride 2014

  

Celebrate Lake Country 

communities with stories

of community pride

 

 

 

 

 

 

 

Rummage Router
Just click to find a rummage near you
Your Photos
Lauren Schultz - Oconomowoc , WI
Community Blogs

Lake Country residents share their views on news, happenings and current events.

It's Hemmer Time
By Amy L. Geiger-Hemmer
The unbelievable irony...

Bernie Ziebart

The Engineering Perspective
By Bernie Ziebart
Owen Paterson and the big green blob

Cook's Corner
By Cynthia Acosta Luksich
Welcome to Miami: Cuban-style skirt steak with classic sour orange mojo

GarberPark
By Mike Garber
33rd Topic - Pick a Vector

Fair E-tales

Waukesha County Fair celebrities devour cream puffs in speed eating contest

LivingLakeCountry.com features more than a dozen community bloggers - a group of volunteer conversation leaders who are up on the latest topics and never short on an opinion. Just a few are pictured here. Check out the rest and see what they have to say!

View All Blogs

Discussion Guidelines

Do you want to become a Community Blogger? LivingLakeCountry.com welcomes your thoughts and opinions. Contact us for more information:
I want to blog

Legal Notices
Back to top