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GNRC — Generac Holdings News Story

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Generac falls after Q3 profit misses estimate

** Power equipment maker Generac Holdings' GNRC.N shares fall nearly 11.2% to about $168.7 premarket

** Q3 adj. EPS came in at $1.83, below analysts' average expectations of $2.20 - data compiled by LSEG

** Total Q3 net sales came in at $1.11 bln, below analysts' estimate of $1.19 bln

** Co says home standby and portable generator shipments were below expectations due to lowest Q3 power outage hours since 2015

** Gross profit margin in Q3 came in at 38.3% vs 40.2% a year ago

** Co lowers FY 2025 net sales growth outlook to flat; prior guidance was 2% to 5% increase

** Co projects FY 2025 net income margin to be 6%, compared to the previous guidance range of 7.5 to 8.5%

** As of last close, shares up 22.6% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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