Generac Reports Strong Q1 Earnings and Backlog Growth, Driving Stock Higher
Generac (GNRC) reported a 13% increase in Q1 sales and a 43% rise in adjusted earnings per share, surpassing expectations. The company's backlog grew to $700 million, up from $400 million in the previous quarter, signaling strong demand in its data center and C&I segments. The stock surged 16.49% following the results.
Tickers: $GNRC
Topics: Backlog Growth Earnings Guidance Upgrade Sales Growth Stock Price Movement