Welcome to our dedicated page for Graco news (Ticker: GGG), a resource for investors and traders seeking the latest updates and insights on Graco stock.
Graco Inc. (NYSE: GGG) is a Minneapolis-based manufacturer of equipment used to move, measure, control, dispense and spray fluid and powder materials. This news page focuses on company announcements, earnings results and corporate developments that affect Graco’s role in pump and pumping equipment manufacturing and related industrial markets.
Investors and industry observers can use this feed to follow Graco’s quarterly earnings releases, where the company reports segment performance for its Contractor, Industrial and Expansion Markets segments, along with regional sales trends across the Americas, EMEA and Asia Pacific. These releases often include commentary on organic revenue, contributions from acquired operations, tariffs, pricing actions and product mix.
The news stream also covers capital allocation decisions such as regular quarterly dividends and share repurchase authorizations approved by the Board of Directors. Announcements detailing dividend amounts, record dates and payment dates, as well as new or expanded repurchase plans, provide insight into how Graco manages its common stock and returns capital to shareholders.
Another key component of Graco news is mergers and acquisitions activity. Recent items include the completed acquisition of Color Service S.r.l., a global manufacturer of specialized automatic precision dosing systems for powders and liquids, and the acquisition of Radia (Red Devil Equipment Company), a manufacturer of mixing, shaking and automated material handling equipment for the paint and coatings industry. These updates explain how Graco is broadening its powder handling and color solutions capabilities.
Board and governance updates, such as the appointment of new directors and committee assignments, are also reported through Graco’s news releases. For ongoing insight into the company’s financial performance, strategic acquisitions and governance actions, this page aggregates Graco-related news in one place for regular review.
Stratasys Ltd. (NASDAQ: SSYS) has unveiled two new composite-ready 3D printers, the F190CR and F370CR, along with a new FDM Nylon-CF10 material infused with carbon fiber. These innovations aim to enhance additive manufacturing capabilities on factory floors, enabling faster, cost-effective production of high-strength parts. The printers boast features like integrated GrabCAD Print software, 99% dimensional repeatability, and a larger build volume compared to competitors. Orders for the new products are currently being accepted, with shipments expected in June.
Graco Inc. (NYSE: GGG) reported a 9% increase in net sales to $494.3 million for Q1 2022, driven by significant growth in the Industrial and Process segments. Operating earnings remained stable at $128.4 million, while net earnings fell 5% to $100.8 million. The gross profit margin decreased due to rising product costs and operational expenses increased by 6%. Management expects continued demand but acknowledges potential geopolitical risks, particularly in EMEA. Full-year guidance maintains high single-digit growth.
Graco Inc. (NYSE: GGG) introduces the LineLazer® ES 500, an electric battery-powered airless striper designed for both indoor and outdoor striping jobs. This innovative product allows contractors to expand their offerings while eliminating engine fumes and noise, enhancing revenue potential. The ES 500 features DeWalt FlexVolt® batteries, a Fast Charger, and a range of advanced technologies for improved performance. With an emphasis on productivity and comfort, the LineLazer ES 500 positions Graco as a leader in the striping equipment market.
Graco Inc. (NYSE: GGG) has launched the FieldLazer™ ES100, a battery-powered airless field marker designed for both indoor and outdoor turf applications. This innovative product operates quietly without engine fumes, enhancing user experience. Powered by a brushless DC motor and two 6.0 Ah DeWalt FlexVolt batteries, it allows for faster application speeds with less paint usage. The ES100 features user-friendly designs like push-button starting and advanced technologies, including ProX™ Power-Piston pump, ensuring durability and productivity.
Graco Inc. (NYSE:GGG) has launched the ES 500 Stencil™ rig, a battery-powered airless sprayer designed for stencil applications. This innovative product is part of their battery-powered pavement marking line and aims to enhance jobsite conditions with its low noise and fume-free operation. It includes essential features like a FlexPlus™ striping gun, durable components, and a powerful DeWalt battery system, increasing productivity for contractors. The ES 500 is a compact solution designed for a range of traffic paints, promoting efficiency and ease of use in stencil work.
Graco Inc. (NYSE: GGG) will release its First Quarter 2022 earnings after the New York Stock Exchange closes on April 27, 2022. A conference call is scheduled for April 28, 2022, at 11 a.m. ET to discuss the results, which will be available live on Graco's website. The company specializes in fluid management technology across various industries, including manufacturing and construction.
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Graco Inc. (NYSE:GGG) has launched the FinishPro GX™ 19 Cordless, a high-performance airless finishing sprayer designed for painting professionals. This innovative tool merges power and portability, enabling contractors to complete jobs efficiently without being hindered by power cords. It features the RAC X™ Fine Finish Low Pressure SwitchTip™ for optimal airless finishes at lower pressures and includes high-capacity DeWalt® FlexVolt® batteries, providing up to 6 gallons of spraying power. The sprayer is touted to enhance productivity while delivering high-quality results.
The Board of Directors of Graco Inc. (NYSE:GGG) has announced a regular quarterly dividend of $0.21 per common share, set to be paid on May 4, 2022. Shareholders registered by the close of business on April 18, 2022 will receive this dividend. Graco has approximately 169.9 million shares outstanding. The company specializes in fluid management technology for various industries, including manufacturing and construction, highlighting its global reach and leadership in its field.
Graco Inc. (NYSE: GGG) reported strong financial results for Q4 2021, achieving net sales of $539.6 million, a 15% increase from Q4 2020, and full-year sales of $1,987.6 million, up 20%. Operating earnings rose 9% to $144.6 million for the quarter and 36% to $531.3 million for the year. Net earnings increased 5% to $120.3 million in Q4 and 33% to $439.9 million for the year. Despite these gains, the company faced challenges from higher product costs and a pension settlement loss of $12 million.
Graco anticipates high single-digit sales growth in 2022 driven by strong demand.