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Generator Sales Get Boost After Sandy

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  • Description

    Generac CEO Aaron Jagdfeld on the company’s rising sales since the hurricane.

  • Duration 3:26
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Shares of gen Iraq.

They had a huge rally once the market reopened on Wednesday of last week.

The company makes generates is that many people now wish they had before this power outage.

Joining me now is the CEO of -- recognizes our -- -- fell.

Thanks for having -- stores I'm gonna give you a commercial I'm gonna give it to you it's free.

I -- a gen Iraq generator had -- installed three months ago.

It kicked in as soon as the Powell went out where I live in New Jersey it looks like -- Sean is very expensive but is probably the best investment -- ever mate.

-- -- -- -- I'm perfectly okay were that I your story is not unlike the stories that we keep hearing back -- a lot of people have use our products.

You know the product that you bought in particular is is a relatively new category of product in the last ten years and only about two and a half percent of US households have a fully automatic stationary standby generator that runs -- natural gas or propane was.

Now so you all potential market is huge a lot of focus and it's an asbestos and people are interest in this high of one -- to tell me of -- but if usual questions.

How many.

Of your generators on now on order.

While they -- the -- -- is is picked up dramatically as you can imagine since the events Saddam and how many active as we see it's it's.

I don't have exact numbers as a public company we've got -- -- careful about giving forward guidance but it's.

It's definitely in the thousands you know it's something that we see around events like this the next.

Six to twelve months are going to be very strong and and and you can you make -- fast enough can you up fuel production line.

We are increasing capacity -- supply chain as well as our our manufacturing capacity here Wisconsin where those units are made.

And will be will be in in very good shape it is terrible that demand you're going points or tell you -- -- souls and the of this production I mean -- you can -- -- -- general outcome general -- made in China for example -- -- No no not the products that not those automatic on -- jitters are very proud to build those in Wisconsin and that's where they're going to be -- going forward are you putting your prices up I'll tell everybody full disclosure 122000.

Dollars out the door fully -- -- about -- for my house.

Is that normal.

Though the the entry level products start -- lesson 18100 dollars actually so you know the larger the home.

The larger the requirements.

If you want to back up the entire house vs maybe just a couple of things around the home.

Like a sump pump -- a couple lights.

You really do that for a few thousand dollars of course if you're trying to backed up an entire home.

-- the prices can't -- they do indeed.

Now on the election.

Do you favor Obama or.

Wrong Romney.

Obviously you know we favor that -- administration's gonna be more pro business and they don't which won't actually.

Who's who's more -- -- just.

If it's likely be Romney the -- Ryan ticket Ryan is obviously he's from Janesville Wisconsin so.

We've got -- a little bit of -- hometown.

Feel for that but we do believe that.

There certainly a lot of policy related issues around tax policies in particular got to change going -- to would you call it for Romney right now.

I wouldn't in the state Wisconsin I think it's pretty much a dead -- it sounds like based on the polls I've seen this morning it's it's pretty darn close all across America -- -- felt we do appreciate you being with us today congratulations.

On being in a true growth businessmen like -- Thanks very much -- bank.

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