GGG Stock Recent News

The headline numbers for Graco (GGG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 27.5 cents ($0.275) per common share, payable on May 7, 2025, to shareholders of record at the close of business on April 14, 2025. The company has approximately 168.6 million shares outstanding. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and mark.

Graco stands to benefit from launching new products and upgrading existing ones. However, softness in the Industrial segment is concerning.

Investors need to pay close attention to Graco (GGG) stock based on the movements in the options market lately.

This Graco revolutionary car seat rotates a full 360 degrees to allow for effortless access when getting baby in and out of the car ATLANTA , Feb. 3, 2025 /PRNewswire/ -- Graco ®, America's most trusted baby gear brand*, announces the launch of the EasyTurn™ 360° 2-in-1 Convertible Car Seat, the brand's first-ever car seat featuring a 360° rotating design. Offering parents seamless, easy access to their child in both rear-facing and forward-facing modes, this groundbreaking car seat grows with your child from infancy to toddlerhood (4 to 65 lbs.

Graco's annual results met expectations despite a 4% sales drop, maintaining a 53% gross margin and strong cash position, leading to a 2.8% stock drop. The company's reinvestment rate hit 103% of NOPAT due to increased CAPEX and M&A activities, impacting returns but promising long-term growth. Graco's cash generation remains robust with a 106% conversion rate, minimal buybacks, growing dividends, and $675M in cash for future acquisitions.

Graco's fiscal 2024 results were disappointing, with declines in revenue, operating earnings, and diluted EPS, leading to a "Hold" rating on the stock. Despite a 5% stock increase over seven months, Graco remains overvalued with high valuation multiples and expected low growth rates for 2025. Graco's business restructuring aims to drive growth, but all segments struggled in 2024, with the Contractor segment performing the best.

Graco Inc. (NYSE:GGG ) Q4 2024 Earnings Conference Call January 28, 2024 11:00 AM ET Company Participants Chris Knutson - Vice President, Corporate Controller & Chief Accounting Officer Mark Sheahan - President, Chief Executive Officer & Director David Lowe - Chief Financial Officer & Treasurer Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Baird Saree Boroditsky - Jefferies Matt Summerville - D.A. Davidson Bryan Blair - Oppenheimer Joe Ritchie - Goldman Sachs Jeff Hammond - KeyBanc Capital Markets Sam Karlov - William Blair Andrew Buscaglia - BNP Paribas Operator Good morning and welcome to the Fourth 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 fourth-quarter 2024 sales decline 3% year over year due to lower demand in the Industrial segment.

Graco Inc. (GGG) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.80 per share a year ago.