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. (GGG) delivers specialized fluid handling solutions to industrial, commercial, and construction markets worldwide. This news hub provides investors and industry professionals with comprehensive access to official announcements, financial disclosures, and strategic developments from the fluid systems innovator.
Monitor critical updates including quarterly earnings reports, new product launches in precision engineering, and strategic partnerships across Graco's industrial, process, and contractor divisions. Our curated collection features verified press releases detailing technological advancements in coatings application systems and operational expansions.
Key content categories include executive leadership changes, patent approvals for fluid control technologies, and sustainability initiatives within manufacturing processes. Bookmark this page to stay informed about Graco's market position in critical sectors including automotive production infrastructure and industrial adhesives management.
The Board of Directors of Graco Inc. (NYSE:GGG) has announced a regular quarterly dividend of $0.21 per common share, set to be paid on May 4, 2022. Shareholders registered by the close of business on April 18, 2022 will receive this dividend. Graco has approximately 169.9 million shares outstanding. The company specializes in fluid management technology for various industries, including manufacturing and construction, highlighting its global reach and leadership in its field.
Graco Inc. (NYSE: GGG) reported strong financial results for Q4 2021, achieving net sales of $539.6 million, a 15% increase from Q4 2020, and full-year sales of $1,987.6 million, up 20%. Operating earnings rose 9% to $144.6 million for the quarter and 36% to $531.3 million for the year. Net earnings increased 5% to $120.3 million in Q4 and 33% to $439.9 million for the year. Despite these gains, the company faced challenges from higher product costs and a pension settlement loss of $12 million.
Graco anticipates high single-digit sales growth in 2022 driven by strong demand.
Graco Inc. (NYSE: GGG) will announce its Fourth Quarter 2021 earnings on January 31, 2022, post market close. A conference call for analysts and investors is scheduled for February 1, 2022, at 11 a.m. ET. Interested parties can access the call and slides via the company’s website. A replay will be available after the event. Graco, based in Minneapolis, specializes in fluid management technology and serves various industries globally. For more details, visit www.graco.com.
Graco Inc. (NYSE:GGG) has appointed Inge Grasdal as Executive Vice President of Corporate Development, effective January 17, 2022. Grasdal will focus on identifying growth opportunities and pursuing acquisitions, working alongside Graco's management. His background includes a VP role at Ecolab and significant experience in mergers and acquisitions at 3M and Piper Jaffray. This strategic move underscores Graco's commitment to corporate growth and development, as stated by President and CEO Mark Sheahan.
The Board of Directors of Graco Inc. (NYSE:GGG) has declared a quarterly dividend of $0.21 per common share, marking a 12% increase. This dividend is payable on Feb. 2, 2022, to shareholders on record by Jan. 18, 2022. Graco has approximately 170.2 million shares outstanding, reflecting the company's commitment to returning value to its shareholders.
Graco Inc. (NYSE:GGG) has launched the South China Innovation Center in DongGuan, China, aimed at enhancing support for the growing electronics market. The facility will enable closer collaboration with key customers and provide solutions for electronics assembly and new energy vehicles. Graco's investments in product development and testing underscore its commitment to the region, alongside an existing center in Shanghai. The center features training spaces and product labs to facilitate engineering and customer support.
Graco Inc. (NYSE: GGG) reported an 11% increase in net sales for Q3 2021, totaling $486.7 million, compared to $439.3 million in Q3 2020. Year-to-date sales rose 23% to $1.448 billion. Operating earnings remained stable at $124.6 million, while net earnings fell 9% to $103.8 million. The company experienced growth in its Industrial and Process segments, but the Contractor segment faced a sales decline of 4%. Supply chain challenges and inflation impacted gross profit margins, which decreased by 1 percentage point. Adjusted diluted earnings per share were $0.57, down 3% from a year ago.
Graco Inc. (NYSE:GGG) has unveiled its EGP™ electric transfer and on-demand pumps, designed as advanced replacements for the discontinued APEX pumps. These new pumps feature optimized designs, built-in filtration, and new pressure controls, enhancing performance and convenience across diverse applications. Capable of emptying a 55-gallon drum of 10W oil in under 8 minutes, the EGP models are more energy-efficient than pneumatic options. Field tests reveal high customer satisfaction, emphasizing their reliability and efficiency, contributing to Graco's strong reputation in fluid handling.
Graco Inc. (NYSE: GGG) will release its Third Quarter 2021 earnings after the market closes on Wednesday, Oct. 20, 2021. A conference call to discuss the results will take place on Thursday, Oct. 21, 2021, at 11 a.m. ET. Investors can access the live webcast and presentation slides on the company's website, with a replay available after the call. Graco specializes in fluid management technology, serving various industries globally. Additional information can be found on www.graco.com.
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