Graco

Graco, Inc. is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies and Industrial Products divisions. It markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives, and other fluids. The Process segment markets pumps, valves, meters, and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants, and other fluids. The Contractor segment equipment includes sprayers that apply texture to walls and ceilings, highly viscous coatings to roofs and markings on roads, parking lots, athletic fields and floors. The company was founded by Russell Gray and Leil Gray in April 1926 and is headquartered in Minneapolis, MN.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Graco reports record Q4 sales, eyes growth in China and semiconductors

Graco's strong performance in Q4 2022 showcased record sales and earnings growth, driven by solid industrial and process segment results. Despite challenges from currency rates and margin pressures, Graco remains optimistic about growth opportunities in 2023, particularly in China and semiconductor markets.

Graco reports strong Q1 earnings, eyes growth amid market challenges

Graco Inc.'s Q1 2023 earnings call showcased robust financial performance, marked by revenue growth, margin improvement, and strong cash generation. The company's diversified segments performed well, with organic sales up 10% and record earnings achieved.
While challenges in managing operating expenses and supply chain improvements persist, Graco's strengths in sustaining margins, efficient cash generation, and positive outlook for organic revenue growth position it well for the future.
By capitalizing on segment growth opportunities, maintaining financial stability, and navigating market challenges with agility, Graco demonstrates resilience and adaptability in driving continued success and market expansion.

Graco (GGG) reports solid Q2 earnings and growth opportunities

Graco's Q2 2023 performance reflects steady growth in sales and earnings, driven by strong margins and operational efficiency. Despite challenges in certain segments, the company is focused on leveraging growth opportunities and maintaining financial discipline.
With a strategic focus on new product launches, inventory optimization, and pricing strategies, Graco aims to sustain its positive momentum and drive margin expansion. The company's commitment to debt reduction and sustainable growth bodes well for its future prospects.
Investors can look forward to continued organic growth, stable pricing, and innovative product offerings from Graco, positioning the company for long-term success in diverse market segments.

Graco reports resilient Q3 earnings, eyes growth amid segment challenges

Graco Inc. delivered a mixed performance in Q3 2023 with sales decline offset by increased net earnings.
Strong margins and cash flow position the company well for strategic initiatives and shareholder returns.
Segment performance varied, with Process segment showing growth and Contractor segment facing challenges.
Emphasis on innovation, new product launches, and strategic investments highlight Graco's proactive stance.

Graco reports solid Q4 performance, eyes growth through innovation

Graco's Q4 performance showed sales growth, margin improvement, and increased cash flow, despite some challenges in certain segments and cost projections for 2024.
Strengths lie in record earnings, market responsiveness, and strategic investments, while challenges include cost pressures and managing backlog.
Opportunities for growth include revenue guidance, new product launches, and leveraging strong relationships for continued success.
Overall, Graco's focus on innovation, market agility, and gratitude for stakeholders position them well for future growth and profitability.

Graco Inc. reports Q1 revenue decline, eyes growth opportunities

Graco Inc. navigated challenges of revenue declines and margin pressures in Q1. Despite market headwinds, the company showed resilience with operational efficiency and positive market performance in Europe. Strategic focus on new product launches and market expansion presents opportunities for future growth.

Graco reports mixed Q2 results, eyes growth through acquisitions

Graco's Q2 performance showed mixed results with revenue decline but improved earnings and margins. While facing challenges in certain regions and segments, the company remains optimistic about growth opportunities through acquisitions and new product launches.

Graco reports Q3 sales decline, eyes growth through acquisitions and operational restructuring

Graco faced challenges with lower sales and earnings, driven by increased operating expenses, but showed strength in improving gross margin and making strategic acquisitions. The company's move to a customer-centric structure and positive order rate growth signal opportunities for future growth despite maintaining a full-year revenue decline guidance.

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Graco, Inc. is a manufacturing company, which engages in the design, manufacture, and sale of systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials. It operates through the following segments: Industrial, Process, and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives, and other fluids. The Process segment includes pumps, valves, meters, and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants, and other fluids. The Contractor segment offers sprayers that apply texture to walls and ceilings, and highly viscous coatings to roofs and markings on roads, parking lots, athletic fields, and floors. The company was founded by Russell Gray and Leil Gray in April 1926 and is headquartered in Minneapolis, MN.

Graco Inc (NYSE:GGG ) Q3 2024 Results Conference Call October 24, 2024 11:00 AM ET Company Participants Chris Knutson - Executive VP, Corporate Controller & Principal Accounting Officer Mark Sheahan - President, CEO & Director David Lowe - CFO & Treasurer Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Baird Saree Boroditsky - Jefferies Matt Summerville - D.A. Davidson Jeff Hammond - KeyBanc Capital Markets Andrew Buscaglia - BNP Paribas Walter Liptak - Seaport Research Operator Good morning, and welcome to the Third Quarter Conference Call for Graco Inc. If you wish to access the replay for this call, you may do so by visiting the company's website at www.graco.com.

Graco Inc (GGG) Q3 2024 Earnings Call Transcript

GGG's third-quarter 2024 sales decline 4% year over year due to lower demand in all its segments.

Graco's Earnings Miss Estimates in Q3, Sales Decline 4% Y/Y

While the top- and bottom-line numbers for Graco (GGG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Graco (GGG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Graco Inc. (GGG) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.76 per share a year ago.

Graco Inc. (GGG) Q3 Earnings and Revenues Lag Estimates

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) today announced results for the third quarter ended September 27, 2024. Summary $ in millions except per share amounts   Three Months Ended   Nine Months Ended   Sep 27, 2024   Sep 29, 2023   % Change   Sep 27, 2024   Sep 29, 2023   % Change Net Sales $ 519.2   $ 539.7   (4 )%   $ 1,564.6   $ 1,629.0   (4 )% Operating Earnings   145.7     163.2   (11 )%     440.1     476.9   (8 )% Net Earnings   122.2     133.1   (8 )%     377.4     396.6   (.

Graco Reports Third Quarter Results

Beyond analysts' top -and-bottom-line estimates for Graco (GGG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Ahead of Graco (GGG) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

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On 10/21/24, Caterpillar, Graco and Costamare will all trade ex-dividend for their respective upcoming dividends. Caterpillar will pay its quarterly dividend of $1.41 on 11/20/24, Graco will pay its quarterly dividend of $0.255 on 11/6/24, and Costamare will pay its quarterly dividend of $0.115 on 11/6/24.

Ex-Dividend Reminder: Caterpillar, Graco And Costamare

Weakness in the sealants and adhesives business and increasing operating costs weigh on GGG. Unfavorable foreign currency movement is an added concern.

Here's Why You Should Avoid Investing in Graco Stock Right Now

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Dividend Increases: 5 Potential Payout Hikes For Q4 2024

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it will release its Third Quarter 2024 earnings after the New York Stock Exchange closes on Wednesday, October 23, 2024. A full-text copy of the earnings announcement will be available on the Company's website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. ET / 10 a.m. CT on Thursday, October 24.

Graco Inc. Announces Third Quarter 2024 Earnings Conference Call

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GGG's acquisition of Corob will enable it to strengthen its product offerings and boost its position in the paint and coating machinery manufacturing market.

Graco Signs Deal to Acquire Corob & Boost Product Portfolio

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG) announced today that it has entered into a definitive agreement to acquire Corob S.p.A. (“Corob”) for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. The transaction is expected to close in Graco's fiscal fourth quarter following the satisfaction of customary closing conditions. Corob had revenue of €110 million in 2023. “The addition of Corob to our portfolio builds on our strong.

Graco Inc. Signs Definitive Agreement to Acquire Corob S.p.A., a Global Manufacturer of High-tech Dispensing and Mixing Solutions for Paints and Coatings

GGG plans to undergo a business restructuring process to capitalize on growth opportunities and drive profitability.

Graco Announces Business Restructuring Plan to Drive Growth

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG), a worldwide leader in commercial and industrial fluid and powder handling systems, announced today a new organizational structure to unlock global growth opportunities and drive sustainable profitability and operational efficiency. “Establishing a market-oriented global structure will ensure that we are well positioned long term to enter new markets, capitalize on our most significant opportunities and accelerate our growth,” said Mark Sheaha.

Graco Inc. Announces New Organizational Structure To Drive Global Growth

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Carl Marks Advisors Completes Sale of Royal Products to Heartwood Partners

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, introduces Stellair ACE and Stellair™, the only industrial air spray guns to achieve Ergonomics Performance Certification. Advanced testing by United States Ergonomics proves that the manual pressure feed sprayers reduce fatigue potential, increasing productivity for industrial painters. “Painting is really hard work,” said Peter Linder, vice president of North America sales and global produ.

Graco Develops First Air Spray Guns Certified for Ergonomic Performance

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 25.5 cents ($0.255) per common share, payable on November 6, 2024, to shareholders of record at the close of business on October 21, 2024. The Company has approximately 168.8 million shares outstanding. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures a.

Graco Announces Regular Quarterly Dividend

A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla.

Keeping Your Precious Cargo Safe: The Best Graco® Car Seats for Every Stage

Weakness in the industrial sector weighs on GGG's performance. An increase in operating expenses is an added concern.

Reasons Why You Should Avoid Betting on Graco Stock Right Now

The acquisition of PCT Systems' business is set to expand GGG's presence in the semiconductor market.

Graco Boosts Portfolio With the Acquisition of PCT Systems

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Graco's unique fluid handling operations have delivered 1,000-bagger returns since 1972. The company's high profitability and rising dividend point to its market-beating potential.

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MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG) announced today that it has acquired the megasonic and ultrasonic wet cleaning systems business of PCT Systems (PCT), a California-based manufacturer of high-purity fluid handling solutions. Headquartered in San Jose, California, PCT serves a broad spectrum of industries, including semiconductor, medtech, remediation, advanced optics, glass, and additives through the design and manufacturing of heated process tanks, megasonic cleaning systems,.

Graco Inc. Completes Acquisition of PCT Systems

Graco is a dominant player in the fluid-handling market, known for its premium-quality products and strong brand value, which enable it to maintain superior margins compared to its competitors. The company has demonstrated robust financial health with consistently high gross margins (above 50%), strong ROIC (~26%), and exceptional cash conversion rates (above 90%). Graco could benefit from increased infrastructure spending, growth in e-commerce, and the rise of electric vehicles. However, it faces short-term headwinds from macroeconomic uncertainty and the risk of competitors.

News for Graco Stock (GGG)