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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. (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.

Graco's (GGG) second-quarter 2024 sales decrease 1% year over year due to lower demand in the Industrial and Process segments.

Although the revenue and EPS for Graco (GGG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Graco Inc. (GGG) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.75 per share a year ago.

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) today announced results for the second quarter ended June 28, 2024. Summary $ in millions except per share amounts     Three Months Ended   Six Months Ended   Jun 28, 2024   Jun 30, 2023   % Change   Jun 28, 2024   Jun 30, 2023   % Change Net Sales $ 553.2   $ 559.6   (1 )%   $ 1,045.4   $ 1,089.3   (4 )% Operating Earnings   161.4     157.1   3 %     294.4     313.7   (6 )% Net Earnings   133.0     134.3   (1 )%     255.2     263.4   (3 )% D.

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, today introduced the new TrueCoat 360® Cordless Connect™ — an airless painting system that connects to a cordless drill, driver or impact drill. This solution empowers users to paint faster with a high-quality finish, avoiding the mess and hassle of brushing and rolling. The TrueCoat 360 Cordless Connect is the newest sprayer in Graco's TrueCoat 360 family and unlocks quality painting and st.

Graco (GGG) is poised to gain from its focus on launching products and upgrading the existing ones. Its measures to reward its shareholders are encouraging.

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it will release its Second Quarter 2024 earnings after the New York Stock Exchange closes on Wednesday, July 24, 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, July 25, 202.

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 25.5 cents ($0.255) per common share, payable on August 7, 2024, to shareholders of record at the close of business on July 22, 2024. The Company has approximately 169.0 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 ma.