Graco Stock Price, News & Analysis

Graco Inc. (NYSE: GGG) has appointed Anthony “Tony” Gargano as President, Asia Pacific, effective July 21, 2021. Gargano, who joined Graco in 2005, has extensive experience in various roles, notably as Vice President, Asia Pacific Advanced Fluid Dispense Sales and Marketing. With over 15 years at Graco and 10 years in outside industry roles, he has a successful track record in managing strategic initiatives, particularly in the automotive sector. His appointment aims to enhance Graco's operations and growth in the Asia Pacific region.

Graco Inc. (NYSE: GGG) will announce its Second Quarter 2021 earnings on July 21, 2021, after market close. A conference call for analysts and investors is scheduled for July 22, 2021, at 11 a.m. ET to discuss the results. Interested parties can listen to the live webcast on Graco's website, with a replay available later. Graco specializes in systems for fluid management across various industries, offering technology and expertise in dispensing and controlling fluids.

The Board of Directors of Graco has declared a quarterly dividend of $0.1875 per common share. This dividend is payable on August 4, 2021 to shareholders recorded by the close of business on July 19, 2021. Graco has around 169.7 million shares outstanding, highlighting a consistent return to shareholders. Graco specializes in fluid and coating management technologies for industrial and commercial uses, serving various global sectors. For more details, visit www.graco.com.

The Board of Directors of Graco (NYSE: GGG) appointed David M. Lowe as Chief Financial Officer and Treasurer, and Timothy R. White as President of its Worldwide Process Division, effective June 10, 2021. These changes coincide with Mark W. Sheahan transitioning from CFO to President and CEO. Sheahan expressed confidence in the seamless transition, citing Lowe's financial expertise and White's operational experience. Lowe, a long-time Graco employee, has held various senior roles since 1995, while White brings extensive operational knowledge from his tenure since 1992.

Graco Inc. (NYSE: GGG) reported strong Q1 2021 results, with net sales increasing by 22% to $454.1 million compared to Q1 2020. Net earnings rose 45% to $105.7 million, translating to a diluted earnings per share of $0.61. The Contractor segment saw remarkable growth, with a 38% sales increase. Despite a 9% rise in operating expenses due to sales-linked costs, gross profit margin improved by 1 percentage point. While management expressed optimism for future growth, they remain cautious about long-term demand uncertainty.

Graco Inc. (NYSE:GGG) has launched the new TapeLazer^TM HP Automatic traffic tape applicator, enhancing efficiency in traffic tape applications. This system combines features from the LineLazer V line stripers with advanced technology, enabling operators to apply up to 14-inch wide traffic tape quickly and accurately. The TapeLazer HP allows for double lines in a single pass and pre-programmed skip lines without layout. Its innovative design ensures optimal tape adhesion and quick blade changes, increasing productivity for striping contractors.

Graco Inc. (NYSE: GGG) is set to release its First Quarter 2021 earnings on April 21, 2021, after market close. A conference call for analysts and investors will take place on April 22, 2021, at 11 a.m. ET, featuring a live webcast. The earnings report will be accessible on Graco's website. For those unable to attend, a replay will be available post-event. Graco specializes in fluid management systems for various industries, serving customers globally.

Graco Inc. (NYSE:GGG) announced the appointment of Mark W. Sheahan as President and CEO, effective June 10, 2021, following Patrick J. McHale's retirement. McHale, who has led Graco since 2007, will assist Sheahan during the transition until September 15, 2021. Sheahan, 56, has been with Graco since 1995 and served as CFO since 2018. The Board Chairman, Lee R. Mitau, emphasized Sheahan’s proven leadership and strategic capabilities, anticipating a smooth transition as Graco continues to prioritize operational excellence and innovation.

The Board of Directors of Graco Inc. (NYSE:GGG) has declared a quarterly dividend of $0.1875 per share, scheduled for payment on May 5, 2021. Shareholders of record as of April 19, 2021 will receive this dividend. Graco has approximately 168.8 million shares outstanding, indicating a continued commitment to returning value to its shareholders.