Generac Holdings Inc. reported its fourth-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $2.80, surpassing analyst estimates of $2.52, and representing a 35% increase year-over-year. Revenue for the quarter reached $1.23 billion, slightly below the expected $1.25 billion, but still reflecting a 16% increase from $1.06 billion in the same period last year. The company's net income for the quarter was $117 million, equating to $2.15 per share. Generac attributed its record fourth-quarter sales to a 28% growth in residential product sales, driven by robust demand for home standby generators. Looking ahead, Generac anticipates net sales growth of 3% to 7% year-over-year for fiscal year 2025.