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Graco (GGG)
NYSE:GGG
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.67Last Year’s EPS
0.65Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: 1.51%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic steps and restructuring efforts aimed at future growth, including the acquisition of Corob and a new organizational structure. However, these positives were tempered by notable declines in sales and earnings, increased expenses, and challenges across key segments and markets.Company Guidance
During Graco's Fourth Quarter Conference Call for 2024, the company provided an extensive overview of its financial performance and future expectations. Fourth quarter sales were reported at $549 million, a 3% decrease from the previous year, with acquisitions contributing 3% growth, while excluding acquisitions, sales decreased by 6%. The net earnings stood at $109 million, or $0.63 per diluted share, reflecting a 1% decrease. Operating expenses rose by $19 million or 15%, mainly due to $7 million in business reorganization costs and $7 million in litigation costs, among other factors. The company expects various impacts on its 2025 financials, including a projected unfavorable impact of 1% on net sales and 2% on net earnings due to foreign currency movements. Graco anticipates capital expenditures to be between $50 million and $60 million, following the completion of expansion projects. The company also highlighted a move to a global customer-centric operating structure, expected to yield annual savings of approximately $16 million. Looking ahead, Graco is initiating a full-year outlook for 2025, projecting low single-digit sales growth on an organic constant currency basis.Acquisition of Corob and Integration Activities
Graco closed the acquisition of Corob in November, which contributed 3% revenue growth in the fourth quarter. The integration is underway and initial results have met expectations, suggesting potential for future growth.
Protective Coatings Growth
Growth in protective coatings was observed across all regions, driven by infrastructure investments, increases in the container market, and sectors such as rail, marine, and fireproofing.
Strong Cash Flow and Financial Flexibility
Cash provided by operations totaled $622 million for the year, maintaining strong cash flow and a balance sheet that provides financial flexibility for future investments.
Restructuring for Future Growth
Graco implemented a global customer-centric operating structure, resulting in a nonrecurring reorganization charge of $8 million in the fourth quarter, with estimated annual savings of $16 million.
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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
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GGG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $85.95 | $83.39 | -2.98% |
| Oct 23, 2024 | $82.63 | $82.07 | -0.68% |
| Jul 24, 2024 | $80.58 | $83.27 | +3.34% |
| Apr 24, 2024 | $88.52 | $82.36 | -6.96% |
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.
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FAQ
When does Graco (GGG) report earnings?
Graco (GGG) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Graco (GGG) earnings time?
Graco (GGG) earnings time is at Apr 23, 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 2025 (Q1) is 0.67.
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