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. (NYSE: GGG) is a globally recognized leader in fluid handling systems and components. Founded in 1926, the Minnesota-based company excels in providing technology and expertise for managing fluids in both industrial and commercial applications. Graco designs, manufactures, and markets systems and equipment that move, measure, control, dispense, and spray fluid materials. The company's offering includes pumps, valves, meters, sprayers, and equipment for applying coatings, sealants, and adhesives, specializing in difficult-to-handle materials.
Graco's operations are segmented into three main categories: Industrial, Process, and Contractor. The Industrial segment focuses on products used in manufacturing and assembly processes, while the Process segment deals with fluid handling systems for industries such as oil, gas, and food & beverage. The Contractor segment serves professionals and do-it-yourselfers in the construction and home improvement sectors.
The company maintains an aggressive strategy for designing and developing new products, underpinning its commitment to innovation. By leveraging a worldwide network of distributors and other channels, Graco ensures its products reach a diverse customer base. The company is also focused on expanding into new markets through continuous product development and strategic acquisitions.
In 2023, Graco generated approximately $2.2 billion in sales, reflecting its strong market presence and the effectiveness of its business strategies. Recent achievements include the successful launch of new product lines and improvements in existing technologies. Graco's partnerships and collaborations further bolster its market position, enabling the firm to meet the evolving needs of its customers efficiently.
With a clear focus on quality and reliability, Graco continuously strives to deliver superior fluid handling solutions that enhance productivity and performance across various industries, including automotive, industrial, and construction.
Graco Inc. (NYSE: GGG) has launched the Ultra® QuickShot™, the first electric powered airless gun, which enhances efficiency for painting contractors. This innovative tool offers trigger speeds over 80X faster than traditional airless guns, promoting a smoother finish and reducing user fatigue due to its compact and lightweight design. With features including on-demand pressure control and portability through a battery-operated setup, it simplifies small job applications. This introduction highlights Graco's commitment to delivering advanced technology, aiming to elevate industry standards and contractor productivity.
Graco Inc. (NYSE: GGG) has launched the innovative GCI™ Series injector platform, establishing new standards in automatic lubrication systems. This groundbreaking cartridge injector is designed for construction and mining maintenance, promising up to twice the lifespan of existing injectors and significantly reducing replacement time from minutes to seconds. The GCI platform features an enhanced output capacity, superior accuracy, and a compact design, optimizing uptime and labor savings. By minimizing service downtime and maintenance frequency, the GCI system aims to boost productivity and profitability in fluid management.
The Board of Directors of Graco Inc. (NYSE:GGG) has declared a quarterly dividend of $0.235 per common share, set to be paid on May 3, 2023. Shareholders of record by April 17, 2023 will be eligible for this payment. Graco has approximately 167.9 million shares outstanding. The company specializes in fluid and coating management technology, providing systems and equipment for industrial and commercial applications globally.
Graco Inc. (NYSE: GGG) reported its fourth-quarter and full-year financial results for 2022, showcasing a 3% increase in net sales for the quarter ($555.0 million) and an 8% increase for the year ($2,143.5 million). Operating earnings rose 5% for the quarter to $152.5 million and 8% for the year to $572.7 million. Net earnings also increased by 5% for both periods. Despite currency translation headwinds impacting sales and earnings by approximately $23 million and $12 million, Graco's management expressed optimism for 2023, initiating a revenue outlook of low single-digit growth.
Graco Inc. (NYSE: GGG) will release its Fourth Quarter 2022 earnings on January 30, 2023, after the New York Stock Exchange closes. A conference call for analysts and investors will take place on January 31, 2023, at 11 a.m. ET. Interested listeners should register 15 minutes prior to the call on the company’s website. A replay will be available post-event. Graco, based in Minneapolis, specializes in fluid management systems for various industries, including manufacturing and construction.
Graco Inc. (NYSE:GGG) has released its first-ever Environmental, Social and Governance (ESG) report, outlining its commitments to its workforce, communities, and the environment. The report emphasizes the company's dedication to corporate responsibility, as highlighted by President and CEO Mark Sheahan. Graco plans to publish annual updates on its ESG performance moving forward. For further details, the report is available on Graco's website.
Graco Inc. (NYSE:GGG) has appointed Claudio Merengo as an executive officer as of
Graco Inc. (NYSE: GGG) has appointed Laura L. Evanson as the new Executive Vice President of Marketing, effective January 1, 2023. In her role, Ms. Evanson will oversee global marketing efforts to enhance coordination and leverage digital assets. Graco's CEO, Mark Sheahan, emphasized this appointment reflects the company's commitment to investing in digital initiatives that drive revenue growth. Ms. Evanson brings extensive experience from her tenure at Graco, spanning over 15 years in various marketing roles.
Graco Inc. (NYSE:GGG) has appointed Archie C. Black to its Board of Directors, effective February 20, 2023. Black brings over two decades of experience as CEO of SPS Commerce, where he transformed the company into a successful global entity. His expertise in leveraging technology for improved business processes is expected to contribute positively to Graco. Black will also serve on the Audit Committee and the Management Organization and Compensation Committee.
FAQ
What is the current stock price of Graco (GGG)?
What is the market cap of Graco (GGG)?
What does Graco Inc. specialize in?
When was Graco Inc. founded?
What are the main business segments of Graco Inc.?
What markets does Graco Inc. serve?
How much revenue did Graco Inc. generate in 2023?
How does Graco distribute its products?
What is Graco Inc.'s approach to product development?
What types of materials does Graco Inc. equipment handle?
Where is Graco Inc. headquartered?
What recent achievements has Graco Inc. made?
