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 FinishPro GX™ 19 Cordless, a high-performance airless finishing sprayer designed for painting professionals. This innovative tool merges power and portability, enabling contractors to complete jobs efficiently without being hindered by power cords. It features the RAC X™ Fine Finish Low Pressure SwitchTip™ for optimal airless finishes at lower pressures and includes high-capacity DeWalt® FlexVolt® batteries, providing up to 6 gallons of spraying power. The sprayer is touted to enhance productivity while delivering high-quality results.
The Board of Directors of Graco Inc. (NYSE:GGG) has announced a regular quarterly dividend of $0.21 per common share, set to be paid on May 4, 2022. Shareholders registered by the close of business on April 18, 2022 will receive this dividend. Graco has approximately 169.9 million shares outstanding. The company specializes in fluid management technology for various industries, including manufacturing and construction, highlighting its global reach and leadership in its field.
Graco Inc. (NYSE: GGG) reported strong financial results for Q4 2021, achieving net sales of $539.6 million, a 15% increase from Q4 2020, and full-year sales of $1,987.6 million, up 20%. Operating earnings rose 9% to $144.6 million for the quarter and 36% to $531.3 million for the year. Net earnings increased 5% to $120.3 million in Q4 and 33% to $439.9 million for the year. Despite these gains, the company faced challenges from higher product costs and a pension settlement loss of $12 million.
Graco anticipates high single-digit sales growth in 2022 driven by strong demand.
Graco Inc. (NYSE: GGG) will announce its Fourth Quarter 2021 earnings on January 31, 2022, post market close. A conference call for analysts and investors is scheduled for February 1, 2022, at 11 a.m. ET. Interested parties can access the call and slides via the company’s website. A replay will be available after the event. Graco, based in Minneapolis, specializes in fluid management technology and serves various industries globally. For more details, visit www.graco.com.
Graco Inc. (NYSE:GGG) has appointed Inge Grasdal as Executive Vice President of Corporate Development, effective January 17, 2022. Grasdal will focus on identifying growth opportunities and pursuing acquisitions, working alongside Graco's management. His background includes a VP role at Ecolab and significant experience in mergers and acquisitions at 3M and Piper Jaffray. This strategic move underscores Graco's commitment to corporate growth and development, as stated by President and CEO Mark Sheahan.
The Board of Directors of Graco Inc. (NYSE:GGG) has declared a quarterly dividend of $0.21 per common share, marking a 12% increase. This dividend is payable on Feb. 2, 2022, to shareholders on record by Jan. 18, 2022. Graco has approximately 170.2 million shares outstanding, reflecting the company's commitment to returning value to its shareholders.
Graco Inc. (NYSE:GGG) has launched the South China Innovation Center in DongGuan, China, aimed at enhancing support for the growing electronics market. The facility will enable closer collaboration with key customers and provide solutions for electronics assembly and new energy vehicles. Graco's investments in product development and testing underscore its commitment to the region, alongside an existing center in Shanghai. The center features training spaces and product labs to facilitate engineering and customer support.
Graco Inc. (NYSE: GGG) reported an 11% increase in net sales for Q3 2021, totaling $486.7 million, compared to $439.3 million in Q3 2020. Year-to-date sales rose 23% to $1.448 billion. Operating earnings remained stable at $124.6 million, while net earnings fell 9% to $103.8 million. The company experienced growth in its Industrial and Process segments, but the Contractor segment faced a sales decline of 4%. Supply chain challenges and inflation impacted gross profit margins, which decreased by 1 percentage point. Adjusted diluted earnings per share were $0.57, down 3% from a year ago.
Graco Inc. (NYSE:GGG) has unveiled its EGP™ electric transfer and on-demand pumps, designed as advanced replacements for the discontinued APEX pumps. These new pumps feature optimized designs, built-in filtration, and new pressure controls, enhancing performance and convenience across diverse applications. Capable of emptying a 55-gallon drum of 10W oil in under 8 minutes, the EGP models are more energy-efficient than pneumatic options. Field tests reveal high customer satisfaction, emphasizing their reliability and efficiency, contributing to Graco's strong reputation in fluid handling.
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?
