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Waukesha generator maker expects higher profits after Superstorm Sandy


WAUKESHA, WI (WTAQ) - Stockholders in a Wisconsin company will get higher earnings as the result of Superstorm Sandy.

Generac of Waukesha has been selling portable back-up electric generators to those without power due to the massive storm.

As a result, Generac expects its sales for the year to rise above 40% – above its original projection of a 30-percent hike.

The firm’s net income per share is expected to be 2.95 to three-dollars – about 30-cents higher than its earlier forecast.

Generac also said Tuesday that its net sales grew 26% in the third quarter of the year, compared to the same time in 2011.