Core Insights - Analysts project Graco Inc. (GGG) will announce quarterly earnings of $0.76 per share, indicating no change year over year, with revenues expected to reach $536.25 million, a decline of 0.6% from the same quarter last year [1] Revenue Estimates - Consensus estimates for 'Net Sales- Industrial' are projected at $151.26 million, reflecting a decrease of 3.7% from the year-ago quarter [2] - 'Net Sales- Process' is expected to be $129.63 million, indicating a decline of 5.6% from the previous year [2] - 'Net Sales- Contractor' is anticipated to reach $254.93 million, showing an increase of 3.9% compared to the same quarter last year [2] Operating Earnings Estimates - 'Operating earnings /(loss)- Industrial' are projected at $50.76 million, down from $54.30 million reported in the same quarter last year [3] - 'Operating earnings /(loss)- Contractor' is expected to be $81.85 million, an increase from $73.51 million reported in the same quarter of the previous year [3] - 'Operating earnings /(loss)- Process' is estimated to reach $38.58 million, compared to $43 million in the same quarter last year [3] Stock Performance - Over the past month, Graco shares have recorded a return of +1.6%, while the Zacks S&P 500 composite has changed by +4.5% [3] - Graco holds a Zacks Rank 3 (Hold), suggesting its performance will likely align with the overall market in the upcoming period [3]

Core Insights - Newell Brands is partnering with Kidsy to enhance sustainability efforts by reselling customer returns and overstock items, thereby reducing landfill waste [1][2] - This initiative is part of Newell's broader sustainability strategy, aiming to extend product lifecycles and minimize environmental impact [2][4] Partnership Details - The collaboration allows customers to purchase discounted Graco® and Baby Jogger® products, including strollers and car seats, that have undergone quality control [5] - Kidsy focuses on sustainability by providing access to high-quality, new open-box or gently used baby products at reduced prices [7] Market Trends - There is a growing consumer demand for sustainable products, with 45% of parents under 40 considering environmental impact in their purchasing decisions [5] - The partnership reflects a shift towards eco-friendly solutions in the consumer goods industry [5][6] Company Commitment - Newell Brands emphasizes its commitment to reducing its carbon footprint and integrating sustainable practices across its operations [4][8] - The partnership with Kidsy is seen as a significant step in promoting sustainability within the baby product sector [3][4]

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]

Core Insights - Graco emphasizes the importance of safety and thoughtful design in car seats as parents prioritize comfort and safety for their children [1] Product Highlights - The Graco ProtectPlus Engineered™ car seats undergo rigorous testing for various crash scenarios, providing parents with peace of mind [2] - The Graco 4Ever® DLX Grad 5-in-1 Slim Car Seat is designed for long-term use, accommodating children from infancy to 12 years, and can seat two kids simultaneously with a removable seat belt trainer [2] - The Graco Turn2Me™ 3-in-1 Rotating Car Seat features a swivel design for easy buckling, a No-Rethread Simply Safe Adjust Harness System, and a 4-position recline for comfort [3] - The Graco SnugRide® SnugFit 35 DLX Infant Car Seat focuses on rear-facing safety with an Anti-Rebound Bar, adjustable base, and Snuglock™ Technology for quick installation [4] Availability - Graco car seats are available for purchase at GracoBaby.com, Amazon, Target, and Walmart stores nationwide [5] Community Engagement - Graco encourages following their social media channels for parenting tips, product updates, and inspiration [5]

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 ...