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Graco Inc. (GGG) possesses solid growth attributes, which could help it handily outperform the market.
Graco Inc. (GGG) could produce exceptional returns because of its solid growth attributes.
Graco's (GGG) Q3 adjusted earnings increase 16.7% year over year driven by solid momentum in the Industrial and Process segments.
Revenue is down despite higher pricing for products. Higher prices led to higher margins and better profitability.
The headline numbers for Graco Inc. (GGG) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it will release its Third Quarter 2023 earnings after the New York Stock Exchange closes on Wednesday, October 25, 2023. A full-text copy of the earnings announcement will be available on the Company's website at www.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, Octobe.
Graco (GGG) benefits from robust activity in the alternative energy, electronics and battery end markets within the Industrial segment. Graco's measures to reward its shareholders are encouraging.
Graco's (GGG) Q2 revenues increase 2% year over year, driven by double-digit growth in the Process segment.
Graco missed top-line and bottom-line expectations in the second quarter. The company warned investors to expect tepid growth in the quarters to come.
Although the revenue and EPS for Graco Inc. (GGG) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.