Generac falls on 2025 forecasts cut

Generac Holdings

30/04/2025 13:07

** Power equipment maker Generac Holdings' GNRC.N shares fall nearly 1% to $113 premarket

** Co trimmed its annual forecast as uncertainty from tariffs clouds its demand outlook

** GNRC forecasts 2025 net income margin between 6.5% and 8.5%, compared with its previous view of 8% to 9%

** Also expects annual net sales to remain flat or grow up to 7%, compared with its prior projection of 3% to 7%

** Co posts Q1 adj. net income of $1.26/share, beating analysts' average estimates of 97 cents, according to LSEG data

** 15 of 26 brokerages rate the stock "buy" or higher, 10 "hold" and 1 "sell" or lower; their median PT is $171- LSEG

** As of last close, stock had fallen 27% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))