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 ...

Group 1: Organizational Restructuring - Graco Inc. plans to shift to a new organizational structure to enhance growth opportunities and operational efficiency, establishing a market-oriented global structure [1] - Effective January 1 next year, the company will reorganize into four business divisions: Industrial, Expansion Markets, Contractor, and Powder [2] - The new global Industrial Division will combine existing Industrial and Lubrication Equipment Divisions along with the Process Transfer Equipment business [3] Group 2: Business Segments - The Contractor Division will be reorganized to better serve global customer needs, while the Powder Division will maintain its current structure [4] - Starting January 2025, Graco will operate under three reportable segments: Contractor, Industrial, and Expansion Markets [5] Group 3: Financial Outlook - Graco anticipates new products in the Contractor segment to drive incremental sales in 2024, despite expecting organic revenues to decline in the low single digits compared to the previous year [7] - The Zacks Consensus Estimate for Graco's 2024 earnings per share has decreased by 1.7% to $2.98 over the past 60 days [7] Group 4: Market Performance - Graco's shares have seen a slight decline of 0.2%, closing at $83.71, while the company has gained 5.5% over the past three months, compared to the industry's 5.9% growth [1][6]

A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla., Sept. 06, 2024 (GLOBE NEWSWIRE) -- It's no secret that parents prioritize two things above all else: comfort and safety for their children. Finding the perfect balance is crucial, especially when it comes to car seats. As we approach Baby Safety Month, Graco® is reminding us of the importance of safety and thoughtful design. Their Graco ProtectPlus Engineered™ car seats undergo rigorous testing to ensure the ...

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 ...