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Power equipment manufacturer Generac Holdings Inc. (NYSE: GNRC), Waukesha, WI, reported full year sales for 2013 of $1.5 billion, an increase of 26.3 percent from 2012. Profit increased 87.2 percent to $174.5 million.
Fourth quarter sales were $376.2 million, an increase of 10 percent from the same period the previous year. Profit was $48.5 million, an increase of 71.4 percent.
Residential sales in the fourth quarter were down 7.8 percent year-over-year, while commercial and industrial sales increased 42.7 percent.
On Nov. 1, the company closed its acquisition of Baldor Generators.