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 TapeLazerTM HP Automatic traffic tape applicator, enhancing efficiency in traffic tape applications. This system combines features from the LineLazer V line stripers with advanced technology, enabling operators to apply up to 14-inch wide traffic tape quickly and accurately. The TapeLazer HP allows for double lines in a single pass and pre-programmed skip lines without layout. Its innovative design ensures optimal tape adhesion and quick blade changes, increasing productivity for striping contractors.
Graco Inc. (NYSE: GGG) is set to release its First Quarter 2021 earnings on April 21, 2021, after market close. A conference call for analysts and investors will take place on April 22, 2021, at 11 a.m. ET, featuring a live webcast. The earnings report will be accessible on Graco's website. For those unable to attend, a replay will be available post-event. Graco specializes in fluid management systems for various industries, serving customers globally.
Graco Inc. (NYSE:GGG) announced the appointment of Mark W. Sheahan as President and CEO, effective June 10, 2021, following Patrick J. McHale's retirement. McHale, who has led Graco since 2007, will assist Sheahan during the transition until September 15, 2021. Sheahan, 56, has been with Graco since 1995 and served as CFO since 2018. The Board Chairman, Lee R. Mitau, emphasized Sheahan’s proven leadership and strategic capabilities, anticipating a smooth transition as Graco continues to prioritize operational excellence and innovation.
The Board of Directors of Graco Inc. (NYSE:GGG) has declared a quarterly dividend of $0.1875 per share, scheduled for payment on May 5, 2021. Shareholders of record as of April 19, 2021 will receive this dividend. Graco has approximately 168.8 million shares outstanding, indicating a continued commitment to returning value to its shareholders.
Graco Inc. (NYSE:GGG) has launched the Voltex™ Dynamic Mix Valve, designed for effective dispensing of two-component foaming urethanes and silicones. This valve ensures consistent blending, crucial for applications in electric vehicle (EV) battery encapsulation. Built to handle challenging materials, the Voltex features durable seals, disposable mixing elements, and advanced error detection technology, minimizing downtime and maintenance. Its flexible design integrates with existing Graco metering systems, serving diverse applications from automotive to industrial sectors.
Graco Inc. (NYSE:GGG) has acquired approximately 100 acres of undeveloped land in Dayton, Minnesota, part of the French Lake Industrial Center. This acquisition aims to support Graco's growth by facilitating the relocation of two business divisions from Minneapolis. A 500,000-square-foot facility is planned for development along West French Lake Road, with completion targeted for late 2022. Graco, a leader in fluid handling technology, operates globally and is committed to using this expansion to enhance its design, manufacturing, and distribution capabilities.
Graco Inc. (NYSE: GGG) reported a strong fourth quarter for 2020, with net sales of $470.3 million, a 14% increase year-over-year. Operating earnings rose by 27% to $132.1 million, while net earnings surged 35% to $114.7 million. Diluted EPS was up 35% to $0.66. Despite challenges in some markets, particularly in EMEA, the Contractor segment showed robust growth with a 35% sales increase. For the year, however, net sales were nearly unchanged at $1,650.1 million, indicating mixed performance. The effective tax rate decreased to 11%, supporting net earnings growth.
Graco Inc. (NYSE:GGG) has introduced the Intelligent Paint Kitchen (IPK), enhancing control over pneumatic pumps and agitators in industrial paint systems. This innovation allows for remote management and control of both electric and pneumatic equipment simultaneously. It features smart sensors and actuators for optimizing paint circulation, offering controls for pressure, flow rates, and tank levels. The IPK's capability to control agitator speeds and reduce energy costs presents a significant advancement for paint mix rooms, enhancing operational efficiency.
Graco Inc. (NYSE: GGG) is set to announce its Fourth Quarter 2020 earnings on January 25, 2021, after market close. A detailed announcement will be accessible on the company’s website. Management will hold a conference call on January 26, 2021, at 11 a.m. ET to discuss the results with analysts and investors. The call will be available via live webcast, with a replay offered shortly thereafter. Graco specializes in fluid management technology for various industries, providing systems to move, measure, control, dispense, and spray materials.
