Power equipment manufacturer Generac Holdings Inc. (NYSE: GNRC), Waukesha, WI, reported sales for the first quarter of $311.8 million, a decrease of 8.8 percent compared to the same period a year ago. Profit decreased 43.3 percent to $19.7 million.
"The first quarter of this year was particularly challenging with several of the end markets we serve performing below our expectations," said Aaron Jagdfeld, president and CEO. "With an extremely low power outage environment and difficult winter weather, shipments of residential products were weaker than expected."
