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.
Graco Inc. (NYSE:GGG) has launched the new LDX™, SDX™, and XDX™ series hose reels, designed for smooth release and recoiling with minimal maintenance. The line features a robust all-metal frame, enhancing durability and protection against workplace hazards. Suitable for various fluid types and environments, these reels cater to different market segments, from light-duty applications in garages to heavy-duty industrial uses. Graco will showcase these products at MINExpo INTERNATIONAL® in Las Vegas from September 13-15, 2021.
Graco Inc. (NYSE:GGG) has launched the Pulse® Level Tank Monitoring system, enhancing fluid management capabilities. This system offers multiple monitoring technologies, including the first fully Wi-Fi operated solution, allowing users to effectively track tank levels and manage inventory.
The Pulse Level system is designed for various industries, providing data to improve procurement and profitability. Graco aims to showcase this innovative solution at MINExpo INTERNATIONAL® in Las Vegas from Sept. 13-15, 2021.
Graco Inc. (NYSE: GGG) has launched the PerformAATM line of air assist and airless spray guns, designed for enhanced performance in industrial finishing. These guns feature material-specific air caps, providing optimal atomization for various applications, including wood and metal. Weighing just one pound, they are the lightest manual AA spray guns available, featuring an ultra-light trigger and ergonomic design. The PerformAA Auto is notable for its air cap orientation tool, improving efficiency in automated processes. More details can be found at graco.com/performaa.
Graco Inc. (GGG) reported a robust Q2 2021 with net sales of $507.2 million, a 38% increase from the previous year. Operating earnings surged by 199% to $133.8 million, while net earnings reached $110.1 million, up 282%. The diluted earnings per share also saw a significant rise of 271% to $0.63. Growth was marked across all geographic regions, particularly in the Industrial segment, which grew 53%. The company anticipates continued strong demand for the remainder of the year, forecasting mid-to-high teen sales growth on an organic basis.
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 TapeLazerTM 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.