Generac Power Systems, founded in 1959 by Robert Kern, is a global manufacturer headquartered in Waukesha, Wisconsin. The company specializes in backup power generation products for residential, commercial, and industrial markets. Generac’s core mission is to provide reliable power solutions that ensure uninterrupted operations during outages caused by storms, equipment failures, or grid issues. Their product line includes home standby generators, which automatically restore power within seconds of an outage, offering permanent peace of mind to users.
Notable figures affiliated with Generac include CEO Aaron Jagdfeld. The company is publicly traded on the NYSE under the ticker GNRC and is a component of the S&P 500. In 2023, Generac reported revenues of $4.02 billion, with an operating income of $386 million and a net income of $217 million. Generac's significant achievements include becoming a leading name in the power generation industry and maintaining substantial financial growth. Their impact is evident in their ability to provide reliable power solutions globally, ensuring that homes and businesses remain operational during power failures.
