Generac, THE Go-To Natural Disaster Stock Reports Earnings, Shares Crumble (GNRC)

Come hell-or-high-water (also hurricanes, tornadoes, blizzards, earthquakes etc.) Generac is the stock that risk managers and speculators think of first. So, with no landfalling hurricanes (yet) and tornadoes almost exactly on the 50th percentile line*, sales declined.

From MarketWatch, July 2, 6:41 am EDT:

Generac Expects Deeper Decline in FY Sales After 2Q Hit

Generac Holdings said it expects its sales to fall more than expected in 2023 after seeing them drop in the second quarter.

Shares fell 5.4% to $145.00 in pre-market trading.
The energy technology company on Wednesday guided for a full-year sales decline between 10% and 12%, compared with its prior outlook for a 6%-to-10% drop in sales.

Operating and free cash flow generation are still expected to return to strong levels for the full year, it added....

....MORE

*The only named hurricane so far was Don, who's meandering we chronicled and who made hurricane status by 1 mph up in the northern North Atlantic. The current tornado season via NOAA's Storm Prediction Center:

No blizzards so far.
Here's Gernerac's press release and conference call info:

Generac Reports Second Quarter 2023 Results

Webcast
Second Quarter 2023 Generac Holdings Inc. Earnings Call
08/02/23 at 10:00 AM EDT 

The stock is down $17.63 (-11.49%) at $135.75