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Weakness in the sealants and adhesives business and increasing operating costs weigh on GGG. Unfavorable foreign currency movement is an added concern.
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it will release its Third Quarter 2024 earnings after the New York Stock Exchange closes on Wednesday, October 23, 2024. A full-text copy of the earnings announcement will be available on the Company's website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. ET / 10 a.m. CT on Thursday, October 24.
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.
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG) announced today that it has entered into a definitive agreement to acquire Corob S.p.A. (“Corob”) for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. The transaction is expected to close in Graco's fiscal fourth quarter following the satisfaction of customary closing conditions. Corob had revenue of €110 million in 2023. “The addition of Corob to our portfolio builds on our strong.
GGG plans to undergo a business restructuring process to capitalize on growth opportunities and drive profitability.
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, introduces Stellair ACE and Stellair™, the only industrial air spray guns to achieve Ergonomics Performance Certification. Advanced testing by United States Ergonomics proves that the manual pressure feed sprayers reduce fatigue potential, increasing productivity for industrial painters. “Painting is really hard work,” said Peter Linder, vice president of North America sales and global produ.
A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla.
Weakness in the industrial sector weighs on GGG's performance. An increase in operating expenses is an added concern.
The acquisition of PCT Systems' business is set to expand GGG's presence in the semiconductor market.
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.