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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 FieldLazer™ ES100, a battery-powered airless field marker designed for both indoor and outdoor turf applications. This innovative product operates quietly without engine fumes, enhancing user experience. Powered by a brushless DC motor and two 6.0 Ah DeWalt FlexVolt batteries, it allows for faster application speeds with less paint usage. The ES100 features user-friendly designs like push-button starting and advanced technologies, including ProX™ Power-Piston pump, ensuring durability and productivity.
Graco Inc. (NYSE:GGG) has launched the ES 500 Stencil™ rig, a battery-powered airless sprayer designed for stencil applications. This innovative product is part of their battery-powered pavement marking line and aims to enhance jobsite conditions with its low noise and fume-free operation. It includes essential features like a FlexPlus™ striping gun, durable components, and a powerful DeWalt battery system, increasing productivity for contractors. The ES 500 is a compact solution designed for a range of traffic paints, promoting efficiency and ease of use in stencil work.
Graco Inc. (NYSE: GGG) will release its First Quarter 2022 earnings after the New York Stock Exchange closes on April 27, 2022. A conference call is scheduled for April 28, 2022, at 11 a.m. ET to discuss the results, which will be available live on Graco's website. The company specializes in fluid management technology across various industries, including manufacturing 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.
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