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 ...

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 ...

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 ...