Graco Stock Price, News & Analysis

Graco Inc. (NYSE: GGG) will release its First Quarter 2023 earnings on April 26, 2023, after the market closes. A conference call will follow on April 27, 2023, at 11 a.m. ET to discuss earnings with analysts and investors. A live webcast of the conference will be available on the company’s website for real-time listening. Interested participants should register 15 minutes ahead of the call. Graco, headquartered in Minneapolis, specializes in technologies for fluid management across industrial and commercial sectors.

Graco Inc. (NYSE: GGG) has appointed Kathryn L. Schoenrock as the new Executive Vice President and Chief Technology Officer, effective May 1, 2023. Christopher D. Knutson has also been named Executive Vice President, Corporate Controller. Schoenrock has over ten years of experience at Graco, previously serving as Executive Vice President, Corporate Controller and Information Systems. Knutson joined Graco in 2008 and has held various key roles. Graco's leadership is optimistic about their contributions to drive growth and enhance global strategies.

Graco Inc. (NYSE: GGG) has launched the Ultra® QuickShot™, the first electric powered airless gun, which enhances efficiency for painting contractors. This innovative tool offers trigger speeds over 80X faster than traditional airless guns, promoting a smoother finish and reducing user fatigue due to its compact and lightweight design. With features including on-demand pressure control and portability through a battery-operated setup, it simplifies small job applications. This introduction highlights Graco's commitment to delivering advanced technology, aiming to elevate industry standards and contractor productivity.

Graco Inc. (NYSE: GGG) has launched the innovative GCI™ Series injector platform, establishing new standards in automatic lubrication systems. This groundbreaking cartridge injector is designed for construction and mining maintenance, promising up to twice the lifespan of existing injectors and significantly reducing replacement time from minutes to seconds. The GCI platform features an enhanced output capacity, superior accuracy, and a compact design, optimizing uptime and labor savings. By minimizing service downtime and maintenance frequency, the GCI system aims to boost productivity and profitability in fluid management.

The Board of Directors of Graco Inc. (NYSE:GGG) has declared a quarterly dividend of $0.235 per common share, set to be paid on May 3, 2023. Shareholders of record by April 17, 2023 will be eligible for this payment. Graco has approximately 167.9 million shares outstanding. The company specializes in fluid and coating management technology, providing systems and equipment for industrial and commercial applications globally.

Graco Inc. (NYSE: GGG) reported its fourth-quarter and full-year financial results for 2022, showcasing a 3% increase in net sales for the quarter ($555.0 million) and an 8% increase for the year ($2,143.5 million). Operating earnings rose 5% for the quarter to $152.5 million and 8% for the year to $572.7 million. Net earnings also increased by 5% for both periods. Despite currency translation headwinds impacting sales and earnings by approximately $23 million and $12 million, Graco's management expressed optimism for 2023, initiating a revenue outlook of low single-digit growth.

Graco Inc. (NYSE: GGG) will release its Fourth Quarter 2022 earnings on January 30, 2023, after the New York Stock Exchange closes. A conference call for analysts and investors will take place on January 31, 2023, at 11 a.m. ET. Interested listeners should register 15 minutes prior to the call on the company’s website. A replay will be available post-event. Graco, based in Minneapolis, specializes in fluid management systems for various industries, including manufacturing and construction.

Graco Inc. (NYSE:GGG) has released its first-ever Environmental, Social and Governance (ESG) report, outlining its commitments to its workforce, communities, and the environment. The report emphasizes the company's dedication to corporate responsibility, as highlighted by President and CEO Mark Sheahan. Graco plans to publish annual updates on its ESG performance moving forward. For further details, the report is available on Graco's website.