Graco Inc.’s (GGG) first-quarter 2024 adjusted earnings of 65 cents per share lagged the Zacks Consensus Estimate of 74 cents. The bottom line declined 12.2% year over year.The company’s net sales of $492.2 million missed the consensus estimate of $535 million. The top line also decreased 7% year over year due to decreasing demand in the Industrial, Process and Contractor segments.On a regional basis, quarterly sales generated from the Americas decreased 8% year over year. In Europe, the Middle East and Afr ...

Graco Inc. (NYSE:GGG) Q1 2024 Earnings Conference Call April 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 Michael Halloran - Baird Saree Boroditsky - Jefferies Joe Ritchie - Goldman Sachs Matt Summerville - D.A. Davidson Jeff Hammond - KeyBanc Walter Liptak - Seaport Research Operator Good morning, and welcome to the First Quarte ...

For the quarter ended March 2024, Graco Inc. (GGG) reported revenue of $492.19 million, down 7.1% over the same period last year. EPS came in at $0.65, compared to $0.74 in the year-ago quarter.The reported revenue represents a surprise of -8.35% over the Zacks Consensus Estimate of $537.01 million. With the consensus EPS estimate being $0.74, the EPS surprise was -12.16%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Graco Inc. (GGG) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.16%. A quarter ago, it was expected that this company would post earnings of $0.79 per share when it actually produced earnings of $0.80, delivering a surprise of 1.27%.Over the last four quarters, the company has su ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 29, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-09249 GRACO INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 88 ...

Wall Street expects flat earnings compared to the year-ago quarter on higher revenues when Graco Inc. (GGG) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April ...

Graco Inc. (GGG) recently unveiled the TruMix X variable-ratio mixing system. This product is designed to provide quick and premium quality results for painting contractors.This tool helps in freeing up labor from the mix station and eradicates mixing errors. It can also mix two-component floor coatings on demand (a maximum of 120 gallons per hour) and supports mixing ratios ranging from 1:1 to 6:1. With the TruMix XT solution, contractors will be able to lower wasted material and increase material working ...

Graco Inc. (GGG) is benefiting from the strong momentum in the Industrial and Process segments despite weakness in the Contractor segment and increasing costs.Let’s discuss the factors that should cause investors to retain the stock for the time being.Growth CatalystsBusiness Strength: GGG’s Industrial segment is poised to gain from end-market strength in the Americas region. Also, growth in powder finishing product lines bodes well for the segment. The Process segment is gaining from solid momentum in all ...

Editor's note: Seeking Alpha is proud to welcome Claudiu Florin as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Phynart StudioInvestment Thesis Graco (NYSE:GGG) is at all-time highs, and even though the dividend yield offered by this company has been and still is very low, due to the price appreciation, GGG has an annualized total return over the last ...

A month has gone by since the last earnings report for Graco Inc. (GGG) . Shares have added about 3.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Graco Inc. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Graco Q4 Earnings & Sales Beat Estimates, Increase Y/YGr ...