Welcome to our dedicated page for Graco news (Ticker: GGG), a resource for investors and traders seeking the latest updates and insights on Graco stock.
Graco Inc. (GGG) delivers specialized fluid handling solutions to industrial, commercial, and construction markets worldwide. This news hub provides investors and industry professionals with comprehensive access to official announcements, financial disclosures, and strategic developments from the fluid systems innovator.
Monitor critical updates including quarterly earnings reports, new product launches in precision engineering, and strategic partnerships across Graco's industrial, process, and contractor divisions. Our curated collection features verified press releases detailing technological advancements in coatings application systems and operational expansions.
Key content categories include executive leadership changes, patent approvals for fluid control technologies, and sustainability initiatives within manufacturing processes. Bookmark this page to stay informed about Graco's market position in critical sectors including automotive production infrastructure and industrial adhesives management.
Graco Inc. (NYSE:GGG) has launched the new LDX™, SDX™, and XDX™ series hose reels, designed for smooth release and recoiling with minimal maintenance. The line features a robust all-metal frame, enhancing durability and protection against workplace hazards. Suitable for various fluid types and environments, these reels cater to different market segments, from light-duty applications in garages to heavy-duty industrial uses. Graco will showcase these products at MINExpo INTERNATIONAL® in Las Vegas from September 13-15, 2021.
Graco Inc. (NYSE:GGG) has launched the Pulse® Level Tank Monitoring system, enhancing fluid management capabilities. This system offers multiple monitoring technologies, including the first fully Wi-Fi operated solution, allowing users to effectively track tank levels and manage inventory.
The Pulse Level system is designed for various industries, providing data to improve procurement and profitability. Graco aims to showcase this innovative solution at MINExpo INTERNATIONAL® in Las Vegas from Sept. 13-15, 2021.
Graco Inc. (NYSE: GGG) has launched the PerformAATM line of air assist and airless spray guns, designed for enhanced performance in industrial finishing. These guns feature material-specific air caps, providing optimal atomization for various applications, including wood and metal. Weighing just one pound, they are the lightest manual AA spray guns available, featuring an ultra-light trigger and ergonomic design. The PerformAA Auto is notable for its air cap orientation tool, improving efficiency in automated processes. More details can be found at graco.com/performaa.
Graco Inc. (GGG) reported a robust Q2 2021 with net sales of $507.2 million, a 38% increase from the previous year. Operating earnings surged by 199% to $133.8 million, while net earnings reached $110.1 million, up 282%. The diluted earnings per share also saw a significant rise of 271% to $0.63. Growth was marked across all geographic regions, particularly in the Industrial segment, which grew 53%. The company anticipates continued strong demand for the remainder of the year, forecasting mid-to-high teen sales growth on an organic basis.
Graco Inc. (NYSE: GGG) has appointed Anthony “Tony” Gargano as President, Asia Pacific, effective July 21, 2021. Gargano, who joined Graco in 2005, has extensive experience in various roles, notably as Vice President, Asia Pacific Advanced Fluid Dispense Sales and Marketing. With over 15 years at Graco and 10 years in outside industry roles, he has a successful track record in managing strategic initiatives, particularly in the automotive sector. His appointment aims to enhance Graco's operations and growth in the Asia Pacific region.
Graco Inc. (NYSE: GGG) will announce its Second Quarter 2021 earnings on July 21, 2021, after market close. A conference call for analysts and investors is scheduled for July 22, 2021, at 11 a.m. ET to discuss the results. Interested parties can listen to the live webcast on Graco's website, with a replay available later. Graco specializes in systems for fluid management across various industries, offering technology and expertise in dispensing and controlling fluids.
The Board of Directors of Graco has declared a quarterly dividend of $0.1875 per common share. This dividend is payable on August 4, 2021 to shareholders recorded by the close of business on July 19, 2021. Graco has around 169.7 million shares outstanding, highlighting a consistent return to shareholders. Graco specializes in fluid and coating management technologies for industrial and commercial uses, serving various global sectors. For more details, visit www.graco.com.
The Board of Directors of Graco (NYSE: GGG) appointed David M. Lowe as Chief Financial Officer and Treasurer, and Timothy R. White as President of its Worldwide Process Division, effective June 10, 2021. These changes coincide with Mark W. Sheahan transitioning from CFO to President and CEO. Sheahan expressed confidence in the seamless transition, citing Lowe's financial expertise and White's operational experience. Lowe, a long-time Graco employee, has held various senior roles since 1995, while White brings extensive operational knowledge from his tenure since 1992.
Graco Inc. (NYSE: GGG) reported strong Q1 2021 results, with net sales increasing by 22% to $454.1 million compared to Q1 2020. Net earnings rose 45% to $105.7 million, translating to a diluted earnings per share of $0.61. The Contractor segment saw remarkable growth, with a 38% sales increase. Despite a 9% rise in operating expenses due to sales-linked costs, gross profit margin improved by 1 percentage point. While management expressed optimism for future growth, they remain cautious about long-term demand uncertainty.
