Welcome to our dedicated news page for Graco (Ticker: GGG), a resource for investors and traders seeking the latest updates and insights on Graco.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Graco's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Graco's position in the market.
Rhea-AI Summary
Graco Inc. (NYSE: GGG) reported its first-quarter results for 2024, showing a decrease in net sales, operating earnings, and net earnings compared to the same period last year. The company's adjusted non-GAAP figures also saw a decline, with lower sales volume and higher operating expenses affecting the overall performance. Despite challenges in the Americas and Asia Pacific regions, EMEA showed modest growth. While gross margins improved slightly, the lower sales volume impacted operating earnings negatively. The company's CEO, Mark Sheahan, acknowledged the weaker-than-expected quarter but remains optimistic about improved order rates and new product launches in the upcoming quarters, reaffirming a full-year revenue guidance of low single-digit growth on an organic, constant currency basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.96%
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Rhea-AI Summary
Graco Inc. (NYSE: GGG) will release its First Quarter 2024 earnings on April 24, 2024, followed by a conference call on April 25, 2024. The earnings announcement will be available on the company's website. Investors and analysts can participate in the call via webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
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Rhea-AI Summary
Graco Inc. (NYSE:GGG) launches the TruMix XT™ variable-ratio mixing system, the industry's first of its kind for 2-component floor coatings. This innovative solution allows contractors to mix coatings on demand, cutting labor costs, and eliminating mix errors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
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Rhea-AI Summary
Graco Inc. (GGG) announces a regular quarterly dividend of $0.255 per share payable on May 1, 2024, to shareholders of record as of April 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
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Rhea-AI Summary
Graco Inc. (NYSE: GGG) reported a 2% increase in net sales for the fourth quarter, with growth in all segments. Operating earnings saw an 11% increase, and adjusted net earnings per common share increased by 10%. The company's gross profit margin rate rose by 4 percentage points due to realized pricing and lower product costs. Total operating expenses increased by 8% for the quarter. Graco's President and CEO, Mark Sheahan, expressed pride in the company's record fourth-quarter and annual sales and operating earnings, with growth in all segments. Net sales for the year increased by 2%, with significant growth in the Americas and EMEA. The company's outlook for 2024 includes revenue guidance of low single-digits on an organic, constant currency basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
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Rhea-AI Summary
Graco Inc. (NYSE: GGG) will release its Fourth Quarter 2023 earnings on January 29, 2024, and hold a conference call on January 30, 2024, to discuss the results with analysts and institutional investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
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Rhea-AI Summary
Graco Inc. (NYSE:GGG) released its 2022 environmental, social and governance (ESG) report, including the SASB index for Industrial Machinery and Goods and global energy and emissions data. The report builds upon the 2021 report, offering valuable information for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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Rhea-AI Summary
Graco Inc. (NYSE:GGG) announced the retirement of Dale D. Johnson in Q1 2025, with David J. Thompson succeeding him as President, Worldwide Contractor Equipment Division, effective January 1, 2024. Johnson will become Chief Commercial Development Officer to facilitate the leadership transition and commercial initiatives. Thompson, currently VP of Engineering, has been with Graco since 1988, showcasing innovative leadership in product development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
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Rhea-AI Summary
Graco Inc. (NYSE: GGG) declares an 8.5% increase in quarterly dividend to 25.5 cents per common share, payable on February 7, 2024, to shareholders of record on January 22, 2024. The company has approximately 167.8 million shares outstanding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
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Rhea-AI Summary
Graco Inc. announces Q3 2023 results with net sales of $539.7 million, a 1% decrease compared to last year. Operating earnings and net earnings both increased by 14% and 15% respectively. Diluted net earnings per common share also increased by 15%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.06%
Tags
Graco Inc
NYSE:GGG
GGG Rankings
GGG Stock Data
13.58B
166.27M
0.92%
89.62%
1.1%
Pump and Pumping Equipment Manufacturing
Manufacturing
United States of America
MINNEAPOLIS
About GGG
founded in 1926, graco (nyse:ggg) is a world leader in fluid handling systems and components. graco inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. it designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid materials. graco maintains an aggressive strategy to design and develop new products and systems and distributes through a worldwide network of distributors and other channels. graco is focused on expanding into new markets through product development and acquisitions.