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 scheduled its First Quarter 2025 earnings release for Wednesday, April 23, 2025, after the New York Stock Exchange closes. The company will host a conference call with analysts and institutional investors to discuss the results on Thursday, April 24, 2025, at 11 a.m. EDT / 10 a.m. CDT.
The earnings announcement will be available on investors.graco.com. A real-time listen-only webcast of the conference call will be accessible through the company's website, with a replay available afterward for those unable to attend the live event. Interested participants should register at least 15 minutes before the live conference call.
Graco (NYSE:GGG) has announced that its Board of Directors has declared a regular quarterly dividend of $0.275 per common share. The dividend will be payable on May 7, 2025, to shareholders of record at the close of business on April 14, 2025. The company currently has approximately 168.6 million shares outstanding.
Graco Inc. (NYSE: GGG) reported Q4 2024 results with net sales decreasing 3% to $548.7 million. The company experienced declines across all regions, though acquired operations contributed 3 percentage points of growth. Operating earnings decreased 23% to $130 million, while net earnings declined 1% to $108.7 million.
The gross profit margin rate declined approximately 2 percentage points in Q4, with acquired operations accounting for 1 percentage point. Operating expenses increased by $19 million, including $7 million each in litigation costs, business reorganization costs, and expenses from acquired operations.
For the full year 2024, net sales decreased 4% to $2.11 billion, with operating earnings down 12% to $570.1 million. The company expects low single-digit sales growth on an organic, constant currency basis for 2025. Effective January 1, 2025, Graco has reorganized into three segments: Contractor, Industrial, and Expansion Markets.
Graco (NYSE: GGG) has announced its upcoming Fourth Quarter 2024 earnings release, scheduled for after the New York Stock Exchange closes on Monday, January 27, 2025. The company will host a conference call with analysts and institutional investors to discuss the results on Tuesday, January 28, 2025, at 11 a.m. EST / 10 a.m. CST.
The earnings announcement will be available on Graco's investor website, and the conference call will include slides via webcast. Interested parties can access the live webcast through the company's website, with registration required at least 15 minutes before the call. For those unable to attend the live event, a replay will be available on Graco's investor website.
Graco Inc. (NYSE:GGG) has published its third environmental, social and governance (ESG) report, demonstrating its dedication to transparency and continuous improvement in various areas. The report highlights the company's expansion in electrically powered products and its ongoing support for electric vehicle battery manufacturing. Additionally, Graco emphasizes its focus on precision dispense technology to reduce waste and minimize volatile organic compounds (VOCs) emissions. The complete 2023 ESG report is accessible on Graco's website.
Graco Inc. (NYSE:GGG) has released unaudited supplemental financial information reflecting its new organizational structure effective January 1, 2025. The company will reorganize into three reportable segments:
1. Industrial segment: Combines the Industrial Division (merging current Industrial and Lubrication Equipment Divisions with Process Transfer Equipment business) and the Powder Division
2. Expansion Markets segment: Focuses on inorganic growth through the Expansion Markets Division, including environmental, semiconductor, high-pressure valves, and electric motors businesses, plus future ventures
3. Contractor segment: Remains unchanged from current structure
The restructured financial information is available on Graco's website investor page.
Graco (NYSE:GGG) announced that its Board of Directors has declared a quarterly dividend increase of 7.8%. The new dividend amount is $0.275 per common share, payable on February 5, 2025, to shareholders of record as of January 20, 2025. The company currently has approximately 169.3 million shares outstanding.
Graco Inc. (NYSE:GGG) has completed its acquisition of Corob S.p.A. for €230 million, with potential additional contingent consideration of up to €30 million. Corob, headquartered in Italy with operations in India and Canada, is a global leader in manufacturing dispensing and mixing equipment for tinting applications. The company generated revenue of €110 million in 2023 and employs over 600 people worldwide. The acquisition aims to strengthen Graco's position in the paint and coating equipment manufacturing sector, leveraging both companies' technological capabilities and expanding Graco's global manufacturing presence.
Graco Inc. (NYSE: GGG) reported Q3 2024 results showing a 4% decrease in net sales to $519.2 million. Operating earnings declined 11% to $145.7 million, while net earnings decreased 8% to $122.2 million. Diluted earnings per share fell 8% to $0.71. The company experienced soft demand across core markets, particularly in Asia Pacific, with the Industrial and Process segments most affected. Sales increased 1% in Americas but decreased in EMEA and Asia Pacific by 2% and 21% respectively. Despite volume challenges, gross margin improved by approximately 1 percentage point. The company reaffirmed full-year guidance expecting a low single-digit decline in organic revenue.
Graco Inc. (NYSE: GGG) has announced its upcoming Third Quarter 2024 earnings release and conference call schedule. The company will release its earnings report after the New York Stock Exchange closes on Wednesday, October 23, 2024. A full-text copy of the earnings announcement will be available on Graco's investor relations website.
Following the release, Graco management will hold a conference call with analysts and institutional investors on Thursday, October 24, 2024, at 11 a.m. ET / 10 a.m. CT. The call will include slides and will be accessible via a live webcast on the company's website. For those unable to attend the live event, a replay of the webcast will be made available on Graco's investor relations website.