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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) will release its Third Quarter 2021 earnings after the market closes on Wednesday, Oct. 20, 2021. A conference call to discuss the results will take place on Thursday, Oct. 21, 2021, at 11 a.m. ET. Investors can access the live webcast and presentation slides on the company's website, with a replay available after the call. Graco specializes in fluid management technology, serving various industries globally. Additional information can be found on www.graco.com.
The Board of Directors of Graco (NYSE:GGG) has declared a quarterly dividend of 18.75 cents ($0.1875) per common share, payable on Nov. 3, 2021, to shareholders on record as of Oct. 18, 2021. With approximately 169.9 million shares outstanding, this dividend reflects Graco's commitment to returning value to its shareholders. Graco specializes in fluid management systems and serves various sectors globally, including manufacturing and construction.
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.
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