Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Graco (GGG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Weakness in the Industrial segment and increasing operating costs weigh on GGG. Unfavorable foreign currency movement is an added concern.
GGG's measures to reward shareholders through dividends and share buybacks hold promise.
Graco (GGG) reported earnings 30 days ago. What's next for the stock?
Softness in the Industrial and Process segments and increasing costs weigh on GGG. Unfavorable foreign currency movement is an added concern.
Graco Inc (NYSE:GGG ) Q3 2024 Results Conference Call October 24, 2024 11:00 AM ET Company Participants Chris Knutson - Executive VP, Corporate Controller & Principal Accounting Officer Mark Sheahan - President, CEO & Director David Lowe - CFO & Treasurer Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Baird Saree Boroditsky - Jefferies Matt Summerville - D.A. Davidson Jeff Hammond - KeyBanc Capital Markets Andrew Buscaglia - BNP Paribas Walter Liptak - Seaport Research Operator Good morning, and welcome to the Third Quarter Conference Call for Graco Inc. If you wish to access the replay for this call, you may do so by visiting the company's website at www.graco.com.
GGG's third-quarter 2024 sales decline 4% year over year due to lower demand in all its segments.
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) 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.
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.
Weakness in the sealants and adhesives business and increasing operating costs weigh on GGG. Unfavorable foreign currency movement is an added concern.
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.