Graco's Earnings Miss Estimates in Q3, Sales Decline 4% Y/Y

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 ...