GGG Stock Recent News

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.

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) today announced results for the fourth quarter ended December 27, 2024. Summary $ in millions except per share amounts   Three Months Ended   Twelve Months Ended   Dec 27, 2024   Dec 29, 2023   % Change   Dec 27, 2024   Dec 29, 2023   % Change Net Sales $ 548.7   $ 566.6   (3 )%   $ 2,113.3   $ 2,195.6   (4 )% Operating Earnings   130.0     169.9   (23 )%     570.1     646.8   (12 )% Net Earnings   108.7     110.0   (1 )%     486.1     506.5.

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.

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MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it will release its Fourth Quarter 2024 earnings after the New York Stock Exchange closes on Monday, January 27, 2025. 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. EST / 10 a.m. CST on Tuesday, January 28,.

Weakness in the Industrial segment and increasing operating costs weigh on GGG. Unfavorable foreign currency movement is an added concern.

Weakness in the sealants and adhesives business and increasing operating costs weigh on GGG. Unfavorable foreign currency movement is an added concern.