Generac sees sales sag in 1Q 2011

Generac, Waukesha, Wis., reported mixed first-quarter results. Its total net sales decreased year-over-year by 5.2 percent to $124 million as compared to $130.7 million in the first quarter of 2010, but its commercial and industrial sales were up 15.6 percent year-over-year growth.

“Our first quarter 2011 results were impacted by headwinds in our residential markets, partially offset by improving demand in our Commercial & Industrial markets,” said Aaron Jagdfeld, president and CEO. “We continue to see strong year-over-year growth in our Commercial & Industrial products. As capital spending for commercial projects further improves, we believe that demand for our C&I products will show continued strength.”