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Generac Holdings Inc Raises High End Of Prior FY 2013 Revenue Guidance; Raises FY 2013 EBITDA Guidance

Thursday, 24 Oct 2013 06:00am EDT 

Generac Holdings Inc announced that for fiscal 2013, it is revising upward its sales guidance primarily due to continued demand for home standby generators, as well as a modest impact from the expected closing of the Baldor Generators acquisition in the fourth quarter of 2013 and expects net sales to increase in the low-to-mid 20% range over the prior year, which is an increase from the low-20% rate previously expected. As a result of the higher sales outlook and the improved gross margin and operating expense guidance, adjusted EBITDA is now expected to increase in the low-30% range, which is an increase from the low-20% range previously expected. The Company reported revenue of $1.176 billion and EBITDA of $289.8 million in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $1.43 billion and EBITDA of $350 million for fiscal 2013. 

Company Quote

-0.22 -0.49%
28 Jan 2015