Increase in Cash Flow from Operations
Cash provided by operations totaled $308 million for the year, an increase of $50 million or 19%. Cash flow from operations less capital expenditures increased by $93 million or 51% for the year-to-date.
Successful Inventory Management
Improved inventory management from consolidating operations under One Graco initiative contributed to increased cash flow and efficiency.
Industrial Segment Performance
Powder Finishing system sales were strong, with increased quoting activity and improved performance in the Americas and Asia Pacific regions.
Color Service Acquisition
Announcement of the acquisition of Color Service, a global manufacturer of specialized automatic precision dosing systems, with expected synergies in gravimetric dosing technology.