Why Generac’s Earning Report Matters to You
As electrical engineers, contractors and end-users, you may wonder why Generac’s earnings report is important to you. It’s a good question.
We all know that companies grow and prosper by exceeding customers’ needs and providing superior quality products/services at a good value. One of the ways this is demonstrated for public companies, like Generac, is through earnings. In the second quarter of 2014:
Net sales increased over the prior year by 4.6% to $362.6 million as compared to $346.7 million in the second quarter of 2013.
Commercial & Industrial (C&I) product sales increased 22.5% to $163.5 million as compared $133.4 million in the prior-year second quarter, primarily due to the contribution of recent acquisitions and continued strength in the oil and gas market.
Bottom-line: Our earnings show we are committed to this market sector and are on the right track. Furthermore, we will continue to invest our resources in this area, introducing new products/services that meet your needs and your customers’ needs.
Strong C&I earnings for Generac is a win for us and a win for you.
SEPTEMBER 2014 POWERCONNECT ARTICLES