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From the Milwaukee Journal-Sentinal:
Generac earnings drop 22.5% on lower sales of portable generators
Generac Holdings Inc. reported a 22.5% drop in third-quarter profit as below normal power outage severity cut into sales of portable generators.
The Waukesha maker of power generation equipment said net income fell to $36.5 million, or 52 cents a share, from $47.1 million, or 67 cents, a year earlier. Analysts surveyed by Yahoo Finance were expecting earnings of $1.03 a share.
Revenue declined 3% to $352.3 million from $363.3 million....MORE