It has been about a month since the last earnings report for Graco Inc. (GGG) . Shares have added about 8.8% 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 due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Graco’s Earnings Miss Estimates in Q3, Sales Decline 4% ...

Graco Inc.’s (GGG) financial stability is challenged by weakness in the Industrial and Process segments. Elevated costs are putting a strain on the bottom line.Headquartered in Minneapolis, MN, Graco engages in designing, manufacturing and marketing equipment and systems used 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, abrasive or corrosive properties and multiple component materi ...

Graco Inc.’s (GGG) third-quarter 2024 adjusted earnings of 71 cents per share missed the Zacks Consensus Estimate of 76 cents. The bottom line declined 8% year over year.The company’s net sales of $519.2 million missed the consensus estimate of $535 million. The top line fell 4% year over year due to lower demand in all the segments.On a regional basis, quarterly sales generated from the Americas increased 1% year over year. In Europe, the Middle East and Africa, sales decreased 2% year over year. Sales fro ...

For the quarter ended September 2024, Graco Inc. (GGG) reported revenue of $519.21 million, down 3.8% over the same period last year. EPS came in at $0.71, compared to $0.76 in the year-ago quarter.The reported revenue represents a surprise of -3.03% over the Zacks Consensus Estimate of $535.45 million. With the consensus EPS estimate being $0.76, the EPS surprise was -6.58%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Graco Inc. (GGG) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.58%. A quarter ago, it was expected that this company would post earnings of $0.76 per share when it actually produced earnings of $0.77, delivering a surprise of 1.32%.Over the last four quarters, the company has sur ...

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 September 27, 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) | --- | --- | |----------------------------------------------- ...

Analysts on Wall Street project that Graco Inc. (GGG) will announce quarterly earnings of $0.76 per share in its forthcoming report, representing no change year over year. Revenues are projected to reach $536.25 million, declining 0.6% from the same quarter last year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a ...

Newell Brands Makes Pivotal Commitment to Sustainability through Kidsy's Recommerce Platform CHICAGO, Oct. 9, 2024 /PRNewswire/ -- Newell Brands (NASDAQ: NWL), a global leader in consumer goods and home to iconic baby brands like Graco® and Baby Jogger®, is partnering with Kidsy, a leading recommerce platform for children's products at a discount, to support sustainability efforts by keeping customer returns and overstock items out of landfills. Now, customers can find products from Graco® and Baby Jogger® ...

Core Insights - Graco Inc. has struggled with operational performance, particularly in its Industrial segment, leading to investor disappointment [1] - The company anticipates a decline in organic net sales for 2024, primarily due to weak demand in its sealants and adhesives business [2] Operational Performance - The Industrial segment is facing softness, with a decline in demand for semiconductor, industrial lubrication, and process transfer equipment products [2] - Graco expects organic net sales to decline in the low single-digits on a constant-currency basis for 2024 [2] Cost Challenges - Selling, marketing, and distribution costs increased by 3.9% in 2023, while general and administrative expenses rose by 11.5% [3] - Operating expenses increased by 6% in 2023, driven by share-based compensation and higher product development spending [3] - In the first half of 2024, selling, marketing, and distribution costs, along with general and administrative expenses, continued to rise, increasing by 1.3% and 6.9% year over year, respectively [3] Foreign Currency Impact - Graco's international operations expose it to foreign currency risks, with a negative impact of 2% on revenues in the Asia Pacific region during the first half of 2024 [4] - The company faces uncertainties from geopolitical issues and unfavorable currency movements [4] Stock Performance - Graco currently holds a Zacks Rank 4 (Sell), with its stock gaining 14.1% over the past year, compared to the industry’s growth of 31.5% [4]

Graco Inc. (GGG) recently signed a definitive deal to purchase Corob S.p.A. for €230 million with additional contingent consideration of up to €30 million. Management expects the transaction to be completed in the fiscal fourth quarter, subject to the fulfillment of customary closing conditions. GGG's shares gained 2.3% yesterday to eventually close the trading session at $86.81. Inside the Headlines Based in San Felice sul Panaro, Italy, Corob is engaged in developing and manufacturing high-tech dispensing ...