Graco's Earnings Miss Estimates in Q3, Sales Decline 4% Y/Y
GGG's third-quarter 2024 sales decline 4% year over year due to lower demand in all its segments.
Graco (GGG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Graco (GGG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Graco Inc. (GGG) Q3 Earnings and Revenues Lag Estimates
Graco Inc. (GGG) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.76 per share a year ago.
Ahead of Graco (GGG) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Graco (GGG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Here's Why You Should Avoid Investing in Graco Stock Right Now
Weakness in the sealants and adhesives business and increasing operating costs weigh on GGG. Unfavorable foreign currency movement is an added concern.
Graco Signs Deal to Acquire Corob & Boost Product Portfolio
GGG's acquisition of Corob will enable it to strengthen its product offerings and boost its position in the paint and coating machinery manufacturing market.
Graco Announces Business Restructuring Plan to Drive Growth
GGG plans to undergo a business restructuring process to capitalize on growth opportunities and drive profitability.
Reasons Why You Should Avoid Betting on Graco Stock Right Now
Weakness in the industrial sector weighs on GGG's performance. An increase in operating expenses is an added concern.
Graco Boosts Portfolio With the Acquisition of PCT Systems
The acquisition of PCT Systems' business is set to expand GGG's presence in the semiconductor market.
Here's the Best Unknown Dividend Stock to Buy Right Now With $500
Graco's unique fluid handling operations have delivered 1,000-bagger returns since 1972. The company's high profitability and rising dividend point to its market-beating potential.
Graco: A Shareholder-Oriented Compounder
Graco is a dominant player in the fluid-handling market, known for its premium-quality products and strong brand value, which enable it to maintain superior margins compared to its competitors. The company has demonstrated robust financial health with consistently high gross margins (above 50%), strong ROIC (~26%), and exceptional cash conversion rates (above 90%). Graco could benefit from increased infrastructure spending, growth in e-commerce, and the rise of electric vehicles. However, it faces short-term headwinds from macroeconomic uncertainty and the risk of competitors.
Graco Inc. (GGG) Q2 2024 Earnings Call Transcript
Graco Inc. (NYSE:GGG ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Christopher Knutson - EVP, Corporate Controller Mark Sheahan - President, CEO and Director David Lowe - CFO and Treasurer Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Baird Saree Boroditsky - Jefferies Bryan Blair - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Joe Ritchie - Goldman Sachs Ross Sparenblek - William Blair Matt Summerville - D.A. Davidson Andrew Buscaglia - BNP Paribas Operator Good morning, and welcome to the Second Quarter Conference Call for Graco Inc. If you wish to access the replay for this call, you may do so by visiting the company website at www.graco.com.
