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Graco Inc. reports developments tied to its global fluid and powder handling equipment business. The company manufactures pumps, valves, meters, sprayers and systems used to move, measure, control, dispense and apply fluids, coatings, sealants, adhesives and other difficult-to-handle materials across industrial, automotive, construction and service markets.
Recurring news for GGG includes quarterly results by the Industrial, Process and Contractor segments, acquisition-driven sales changes, product introductions such as connected fluid-management systems, dividend declarations, leadership and board updates, and corporate milestones linked to the company’s long operating history.
Graco Inc. (NYSE:GGG) has introduced the Intelligent Paint Kitchen (IPK), enhancing control over pneumatic pumps and agitators in industrial paint systems. This innovation allows for remote management and control of both electric and pneumatic equipment simultaneously. It features smart sensors and actuators for optimizing paint circulation, offering controls for pressure, flow rates, and tank levels. The IPK's capability to control agitator speeds and reduce energy costs presents a significant advancement for paint mix rooms, enhancing operational efficiency.
Graco Inc. (NYSE: GGG) is set to announce its Fourth Quarter 2020 earnings on January 25, 2021, after market close. A detailed announcement will be accessible on the company’s website. Management will hold a conference call on January 26, 2021, at 11 a.m. ET to discuss the results with analysts and investors. The call will be available via live webcast, with a replay offered shortly thereafter. Graco specializes in fluid management technology for various industries, providing systems to move, measure, control, dispense, and spray materials.
Graco Inc. (NYSE:GGG) has appointed Brett C. Carter to its Board of Directors, effective February 11, 2021. Mr. Carter, currently the Executive Vice President and Chief Customer and Innovation Officer at Xcel Energy, brings extensive experience from his previous roles at Bank of America and Duke Energy. His expertise spans operations, marketing, customer service, and brand strategy, aligning with Graco's commitment to delivering exceptional customer service. Carter will also serve on the Audit Committee and Management Organization and Compensation Committee.
Graco Inc. (NYSE:GGG) has declared a quarterly dividend of $0.1875 per share, marking a 7.1% increase. The dividend is payable on February 3, 2021, to shareholders on record as of January 19, 2021. With approximately 168.4 million shares outstanding, this move reflects the company's commitment to returning value to its shareholders amidst its ongoing operations in fluid management technology across various industries.
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Graco Inc. (NYSE: GGG) reported a 10% increase in net sales for Q3 2020, totaling $439.3 million, driven primarily by the Contractor segment. Operating earnings grew 21% to $125.0 million, while net earnings surged 36% to $114.1 million. However, year-to-date sales declined 4% to $1,179.8 million, reflecting challenges in the Industrial and Process segments. Adjusted diluted earnings per share rose 31% to $0.59. The company anticipates ongoing uncertainty in markets served by the Industrial and Process segments.
Graco Inc. (NYSE: GGG) announced it will release its Third Quarter 2020 earnings after the market closes on Wednesday, Oct. 21, 2020. A conference call for analysts and investors will be held on Thursday, Oct. 22, 2020, at 11 a.m. ET to discuss the results. Participants can access the call via Graco's website. A replay will be available after the call and by phone through Oct. 28, 2020. Graco specializes in fluid management technology and serves various industries globally.