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Generac Holdings Inc Raises FY 2013 Guidance; Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call

Thursday, 2 May 2013 01:00pm EDT 

Generac Holdings Inc announced that for fiscal 2013, it is raising sales guidance and expects net sales to increase in the low- to mid-teens range over fiscal 2012 as compared to the approximately 10% sales increase previously expected and adjusted EBITDA to increase in the-low teens percentage range over fiscal 2012, which is higher than the mid-single-digit percentage range previously expected. For the second quarter of 2013, it expects net sales to increase between 30% and 35% in comparison to the second quarter of 2012. The Company reported revenue of $1.176 billion and EBITDA of $289.8 million in fiscal 2012; revenue of $239.14 million in the second quarter of 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $1.33 billion and EBITDA of $308 million for fiscal 2013 and revenue of $314 million for the second quarter of 2013. 

Company Quote

1.06 +2.50%
3:51pm EDT