Welcome to our dedicated page for Graco news (Ticker: GGG), a resource for investors and traders seeking the latest updates and insights on Graco stock.
Graco Inc. (NYSE: GGG) is a Minneapolis-based manufacturer of equipment used to move, measure, control, dispense and spray fluid and powder materials. This news page focuses on company announcements, earnings results and corporate developments that affect Graco’s role in pump and pumping equipment manufacturing and related industrial markets.
Investors and industry observers can use this feed to follow Graco’s quarterly earnings releases, where the company reports segment performance for its Contractor, Industrial and Expansion Markets segments, along with regional sales trends across the Americas, EMEA and Asia Pacific. These releases often include commentary on organic revenue, contributions from acquired operations, tariffs, pricing actions and product mix.
The news stream also covers capital allocation decisions such as regular quarterly dividends and share repurchase authorizations approved by the Board of Directors. Announcements detailing dividend amounts, record dates and payment dates, as well as new or expanded repurchase plans, provide insight into how Graco manages its common stock and returns capital to shareholders.
Another key component of Graco news is mergers and acquisitions activity. Recent items include the completed acquisition of Color Service S.r.l., a global manufacturer of specialized automatic precision dosing systems for powders and liquids, and the acquisition of Radia (Red Devil Equipment Company), a manufacturer of mixing, shaking and automated material handling equipment for the paint and coatings industry. These updates explain how Graco is broadening its powder handling and color solutions capabilities.
Board and governance updates, such as the appointment of new directors and committee assignments, are also reported through Graco’s news releases. For ongoing insight into the company’s financial performance, strategic acquisitions and governance actions, this page aggregates Graco-related news in one place for regular review.
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.
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Graco Inc. (NYSE:GGG) has appointed Claudio Merengo as an executive officer as of January 1, 2023. Merengo, who has served as President of Worldwide Gema, has been with Gema for 28 years and is credited with driving growth in powder coating equipment since Graco acquired the company in 2012. Graco's President and CEO, Mark Sheahan, commended Merengo's leadership, noting Gema's significant contributions to the company's revenue and earnings.
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.
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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.