Generac Holdings, Inc. (GNRC, Financial) manufactures standby and portable generators for the residential, commercial, and industrial markets.The company performed well in the second quarter, as it announced a recapitalization and, concurrently, completed the refinancing of its debt and paid shareholders a $5 per share special dividend. Generac's strong sales, margins, and cash flow enabled this return of capital to shareholders for the second year in a row. (Rebecca Ellin)
From Baron Funds’ second quarter 2013 commentary.
From Baron Funds’ second quarter 2013 commentary.