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 ...

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 ...