Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Graco (GGG)
NYSE:GGG
Holding GGG?
Track your performance easily
Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.77Last Year’s EPS
$0.8Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 2.18%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Graco Inc. While there are promising initiatives like the One Graco initiative and acquisitions expected to drive future growth, the current quarter faced challenges with declining sales and earnings, particularly impacted by the downturn in China and the Process segment. Improvement in incoming order rates offers cautious optimism for the near future.Company Guidance
During Graco Inc.'s Q3 2024 earnings call, several key metrics were highlighted. The company reported third-quarter sales of $519 million, a 4% decrease from the previous year. Reported and adjusted net earnings fell by 8% to $122 million, or $0.71 per diluted share. The gross margin rate, however, increased by 50 basis points. Operating expenses rose by $9 million, driven by new product development and corporate initiatives. The operating margin rate dropped by 2 percentage points to 28%. The Process segment experienced a 4 percentage point decrease in its operating margin rate due to higher spending and lower volumes. Graco's adjusted effective tax rate was 19%, in line with expectations. Cash provided by operations totaled $436 million, down $55 million from the previous year. Notably, Graco repurchased 399,000 shares for $31 million and issued $45 million in shares, while spending $129 million on dividends and $93 million on capital expenditures. Looking forward, the company anticipates no significant currency impact on full-year net sales or earnings and will transition to a new global operating structure in 2025.Gross Margin Rate Increase
The gross margin rate increased by 50 basis points in the quarter, with realized pricing offsetting sales volume declines across all segments.
One Graco Initiative
Introduced a new global structure aimed at driving growth, profitability, and operational efficiencies starting in 2025.
Acquisitions of PCT Systems and Corob
Acquired PCT Systems and announced the acquisition of Corob, which together are expected to enhance Graco's position in the semiconductor and paint and coating machinery markets.
Improvement in Incoming Order Rates
Increased incoming order rates by 11% over the past 6 weeks, driven by Industrial and Process segments.
---
GGG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GGG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $82.90 | $82.34 | -0.68% |
| Jul 24, 2024 | $80.84 | $83.54 | +3.34% |
| Apr 24, 2024 | $88.81 | $82.62 | -6.97% |
| Jan 29, 2024 | $84.39 | $86.07 | +1.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Graco (GGG) report earnings?
Graco (GGG) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Graco (GGG) earnings time?
Graco (GGG) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GGG EPS forecast?
GGG EPS forecast for the fiscal quarter 2024 (Q4) is $0.77.
---