Graco Stock Price, News & Analysis

Graco Inc. (NYSE: GGG) has appointed Laura L. Evanson as the new Executive Vice President of Marketing, effective January 1, 2023. In her role, Ms. Evanson will oversee global marketing efforts to enhance coordination and leverage digital assets. Graco's CEO, Mark Sheahan, emphasized this appointment reflects the company's commitment to investing in digital initiatives that drive revenue growth. Ms. Evanson brings extensive experience from her tenure at Graco, spanning over 15 years in various marketing roles.

Graco Inc. (NYSE:GGG) has appointed Archie C. Black to its Board of Directors, effective February 20, 2023. Black brings over two decades of experience as CEO of SPS Commerce, where he transformed the company into a successful global entity. His expertise in leveraging technology for improved business processes is expected to contribute positively to Graco. Black will also serve on the Audit Committee and the Management Organization and Compensation Committee.

The Board of Directors of Graco Inc. (NYSE:GGG) has announced a quarterly dividend of $0.235 per common share, marking an 11.9% increase. The dividend is payable on February 1, 2023, to shareholders on record as of January 18, 2023. With approximately 170.2 million shares outstanding, this move reflects the company’s commitment to returning value to its shareholders.

Graco Inc. (NYSE: GGG) reported Q3 2022 net sales of $545.6 million, a 12% increase from Q3 2021, driven by robust organic sales growth. Operating earnings rose 15% to $143.1 million, while diluted EPS increased 14% to $0.67. Despite currency translation headwinds negatively impacting sales and earnings by approximately $20 million and $9 million, respectively, the company raised its full-year organic revenue growth outlook to low double digits. The industrial and contractor segments showed double-digit growth, although gross profit margins decreased due to rising product costs.

Graco Inc. (NYSE: GGG) will release its Third Quarter 2022 earnings after the New York Stock Exchange closes on October 26, 2022. A full-text copy will be available on the Company’s website. Management will hold a conference call for analysts on October 27, 2022, at 11 a.m. ET to discuss the results, with a real-time listen-only webcast available for interested parties. Graco is recognized for its expertise in fluid management systems across various industries, including manufacturing and construction.

The Board of Directors of Graco (NYSE:GGG) has announced a regular quarterly dividend of $0.21 per common share. This dividend will be payable on Nov. 2, 2022 to shareholders recorded at the close of business on Oct. 17, 2022. Graco has approximately 169.3 million shares outstanding, demonstrating its commitment to returning value to its shareholders.

Graco Inc. (NYSE: GGG) has officially opened a new 538,000-square-foot facility in Dayton, Minnesota, aimed at supporting its growth needs. This state-of-the-art building, featuring a 1.4-megawatt solar array, represents a commitment to sustainability, expected to offset over 23,000 tons of CO2 over 30 years. The expansion addresses full capacity at its current facilities and highlights Graco's investment in the community and environment, partnering with Impact Power Solutions and American Forests to enhance its green initiatives.