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.
Summary not available.
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.