Generac Lifts Outlook as 1Q Sales Jump on Data-Center Demand

Dow Jones04-29

By Connor Hart

Generac lifted its full-year sales outlook after logging higher profit and sales in the first quarter, boosted by a growing backlog with data-center customers and recent acquisitions.

The provider of backup power generation said Wednesday it now expects total net sales growth in the mid-to-high teens percent range this year, compared with a prior outlook for sales growth in the mid-teens percent range.

Shares climbed 6.2%, to $230.56, in premarket trading.

Chief Executive Aaron Jagdfeld said Generac continues to build momentum in the data-center market, "as we are in the final stages of vendor approval with multiple hyperscale customers and have expanded our backlog for these products with both new and existing customers."

The company is also benefiting from its recent acquisitions of Allmand and Enercon, he added.

In the first quarter, Generac posted a profit of $73.3 million, or $1.24 a share, compared with $43.8 million, or 73 cents a share, a year earlier.

Stripping out one-time items, earnings were $1.80 a share. Analysts polled by FactSet expected adjusted earnings of $1.33 a share.

Sales climbed 12% to $1.06 billion, just ahead of Wall Street models for $1.05 billion.

Residential product sales ticked up roughly 1% to $549 million, while commercial and industrial sales jumped 28% to $510 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 29, 2026 06:29 ET (10:29 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The company is also benefiting from its recent acquisitions of Allmand and Enercon, he added.In the first quarter, Generac posted a profit of $73.3 million, or $1.24 a share, compared with $43.8 million, or 73 cents a share, a year earlier.Stripping out one-time items,","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GNRC":"Generac控股"},"translate_title":"Generac上调前景，第一季度销售额因数据中心需求而猛增","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNRC":1.5},"content_text":"By Connor Hart \n\n\n \n\n\n  Generac lifted its full-year sales outlook after logging higher profit and sales in the first quarter, boosted by a growing backlog with data-center customers and recent acquisitions. \n\n\n  The provider of backup power generation said Wednesday it now expects total net sales growth in the mid-to-high teens percent range this year, compared with a prior outlook for sales growth in the mid-teens percent range. \n\n\n  Shares climbed 6.2%, to $230.56, in premarket trading. \n\n\n  Chief Executive Aaron Jagdfeld said Generac continues to build momentum in the data-center market, \"as we are in the final stages of vendor approval with multiple hyperscale customers and have expanded our backlog for these products with both new and existing customers.\" \n\n\n  The company is also benefiting from its recent acquisitions of Allmand and Enercon, he added. \n\n\n  In the first quarter, Generac posted a profit of $73.3 million, or $1.24 a share, compared with $43.8 million, or 73 cents a share, a year earlier. \n\n\n  Stripping out one-time items, earnings were $1.80 a share. 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