Graco Inc. (GGG) has failed to impress investors with its recent operational performance due to weakness across its businesses and high operational expenses. Based in Minneapolis, MN, Graco is engaged in designing, manufacturing and marketing equipment and systems to measure, move, control, spray and dispense fluid as well as powder materials. The company offers equipment solutions for tough-to-handle materials with high viscosities and abrasive or corrosive properties. Let's discuss the factors that contin ...

Graco Inc. (GGG) has recently completed the acquisition of the megasonic and ultrasonic wet cleaning systems business of PCT Systems ("PCT"). The financial terms of the transaction have been kept under wraps. Based in San Jose, CA, PCT specializes in designing and manufacturing a range of products, including heated process tanks, megasonic generators, transducer assemblies and custom tanks. These are crafted from stainless steel, plastics and quartz. It serves industries like semiconductors, optics, glass a ...

golero/E+ via Getty Images Thesis Graoo Inc. (NY SE: GGG) is an American industrial company that specializes in the development and manufacturing of fluid-handling systems and products. The company is shareholder-oriented and has a strong track record of growth and eash conversion. It has a competitive edge over its peers, which its superior margins show. It is a dominant player in a niche market, commanding a premium price. Taking into account its strong moat, consistent growth and shareholder focus, I ass ...

Graco Inc. (NYSE:GGG) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Christopher Knutson - EVP, Corporate Controller Mark Sheahan - President, CEO and Director David Lowe - CFO and Treasurer Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Baird Saree Boroditsky - Jefferies Bryan Blair - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Joe Ritchie - Goldman Sachs Ross Sparenblek - William Blair Matt Summerville - D.A. Davidson Andrew Buscaglia ...

Net sales in the Industrial segment totaled $155.7 million (contributing to 28.1% of the quarter's sales), which decreased 5% year over year. Core sales decreased 4% year over year. Our estimate for segmental net sales was $158.0 million. Operating income increased 3% year over year to $161.4 million. The operating margin increased 1.1 percentage points from the year-ago quarter. Interest expenses in the second quarter totaled $0.6 million compared with $1.8 million reported in the previous year quarter. Th ...

For the quarter ended June 2024, Graco Inc. (GGG) reported revenue of $553.24 million, down 1.1% over the same period last year. EPS came in at $0.77, compared to $0.75 in the year-ago quarter. Shares of Graco have returned +3.4% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. The reported revenue compares to the Zacks Consensus Estimate of $561.23 million ...

FORM 10-Q ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to GRACO INC. | --- | --- | |----------------------------------------------------------------------------|-------| | Minnesota | | | (State or other jurisdiction of incorporation or organization) | | 88 - 11th Avenue N.E. | --- | --- | --- | |------------------------------------------------------------------|--------------------------------------------------------|------------- ...

Graco Inc. (GGG) has been benefiting from improving order rates and product innovations. The company's handsome rewards to shareholders add to its appeal. Let us discuss the factors that should influence investors to retain the stock for the time being. Product Innovation: Graco remains focused on launching new products and upgrading the existing ones according to the industry trend. Regarding innovation, over the past year, the company introduced InvisiPac HM10, a hot melt adhesive dispense system, an elec ...

Graco Inc. (GGG) has been benefiting from product innovations and sound liquidity positions despite weakness in the Industrial segment and increasing costs. Growth Catalysts In the first quarter of 2024 and full year 2023, it spent $21.9 million and $83 million, respectively, for product developments. Despite the slow start to the year, the company expects improving order rates, coupled with product introductions to drive its performance in the upcoming quarters. Graco expects its new products, particularly ...

"Graco has been at the forefront of innovation in baby products for over 65 years. From inventing essential soothing items like the first baby swing, which was inspired by watching a mom soothe her baby, we understand that parents need thoughtful designs that help provide peace of mind," said Kerry Strzelecki, Vice President of Brand Management at Graco. "Our latest innovations, the SmartSense™ Soothing Bassinet and SmartSense™ Soothing Swing, exemplify our unwavering dedication to helping caregivers. With ...