Graco Inc.
80.80-0.59 (-0.73%)
Oct 29, 4:00:02 PM EDT · NYSE · GGG · USD
Key Stats
Market Cap
13.40BP/E (TTM)
27.58Basic EPS (TTM)
2.93Dividend Yield
0.01%Recent Filings
10-Q
Q3 FY2025 results
Graco's Q3 net sales climbed 5% year-over-year to $543.4 million, fueled by acquisitions adding 6 percentage points, though organic revenue dipped 2% amid soft construction markets; sequentially, sales rose from Q2's implied $550 million (derived). Operating earnings surged 13% to $164.7 million, with margins holding steady as pricing offset tariff-driven cost hikes of $5 million, yet the Contractor segment's margin slipped 3 points to 26% from acquisition drag. Adjusted non-GAAP metrics, reconciled in the filing, show flat net earnings at $122.8 million and 3% EPS growth to $0.73. The August Color Service acquisition bolstered Contractor growth, while cash flow details remain undisclosed in the 10-Q. Acquisitions drive momentum. EMEA and Asia Pacific delivered double-digit gains, but competition in cyclical construction poses ongoing pressure.
10-Q
Q2 FY2025 results
Graco's Q2 sales climbed 3% year-over-year to $571.8 million, fueled by $32 million from acquisitions that offset a 3% organic drop, while year-to-date revenue rose 5% to $1,100.1 million. Operating earnings dipped 2% to $157.5 million amid a 2 percentage point gross margin squeeze from $4 million in tariff costs and lower margins on acquired ops, yet year-to-date ops edged up 2% to $301.5 million. Diluted EPS held steady at $0.76, matching last year despite share repurchases, with net earnings off 4% to $127.6 million mainly from $5 million in exchange losses. Cash from operations surged $50 million year-to-date to $308 million on inventory cuts, supporting $361 million in buybacks; acquisitions added punch without debt details. Acquisitions drove growth. EMEA and Asia Pacific volumes countered Americas softness. Regulatory shifts on tariffs pose ongoing cost risks.
8-K
Graco's annual meeting results
Graco Inc. held its Annual Meeting on April 25, 2025, electing Eric P. Etchart, Jody H. Feragen, and J. Kevin Gilligan to three-year board terms amid strong shareholder support. Shareholders ratified Deloitte & Touche LLP as auditors for fiscal 2025 and approved executive compensation on an advisory basis. Votes sailed through. This signals robust governance alignment, though broker non-votes highlight some abstentions on pay.
10-Q
Q1 FY2025 results
Graco kicked off 2025 with net sales climbing 7% year-over-year to $528.3 million for the quarter ended March 28, fueled by acquisitions adding 6 percentage points while organic growth held steady amid a 2-point currency drag. Operating earnings rose 8% to $144.0 million, buoyed by expense leverage that offset a 2-point dip in gross margin from acquired operations and higher costs, yielding diluted EPS of $0.72 on 171.6 million shares. All segments advanced—Contractor up 11% with $30 million from buys, Industrial 3% on volume gains, Expansion Markets 12% driven by semiconductors—spanning strong regional upticks in Americas, EMEA, and Asia Pacific. Cash flow details remain undisclosed in the 10-Q. Acquisitions bolstered the topline. Tariffs loom as a wildcard.
10-K
FY2024 results
Graco Inc. wrapped FY2024 with net sales of $2.11 billion, down 4% year-over-year amid softer demand in semiconductors and construction, yet Q4 momentum steadied as incoming orders held firm and China markets stabilized. Operating earnings dipped 12% to $570 million, pressured by higher product costs and $13 million in litigation expenses, but gross margins edged up to 53.1% on pricing gains offsetting volume declines. The Contractor segment, at 47% of sales, stayed flat with acquisitions like Corob bolstering protective coatings amid residential softness; Industrial fell 7% on Asia Pacific e-mobility weakness, while Process dropped 8% due to semiconductor headwinds. Cash flow from operations reached $622 million, funding $242 million in buys and $107 million capex, with liquidity at $1.45 billion and an 8% dividend hike to $0.275 quarterly. Q4 accelerated slightly versus Q3 in finishing systems, signaling modest recovery. Still, geopolitical tensions could stall quarterly gains.
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