May. 11 at 11:19 AM
$GNRC - from the CEO on 1Q ER call:
As previously disclosed, we received a nonbinding notice to proceed for approximately
$600 m deliveries with a certain hyperscale customer, and we have begun discussing site level specifications for these projects as we ramp our supply chain and production to meet accelerating demand. We believe successful navigation of these rigorous approval processes will solidify Generac as a top-tier global supplier of large megawatt diesel backup power generators in the years ahead.
We have also realized significant order activity from new and existing data center customers, increasing our current backlog to more than
$700 m, which does not include the anticipated impact of the notice of reset opportunity mentioned above and is increase of approximately
$300 m since our 4Q update in mid-Feb. This backlog growth provides visibility through 2027 even before considering the significant expected contribution from other hyperscale related opportunities..
