Graco (GGG) Q1 Earnings & Sales Miss Estimates, Decrease Y/Y [Yahoo! Finance]
Graco Inc. (GGG)
Last graco inc. earnings: 4/22 04:10 pm
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US:NYSE Investor Relations:
graco.com/us/en/investor-relations.html
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Source: Yahoo! Finance
Graco Inc. 's GGG first-quarter 2024 adjusted earnings of 65 cents per share lagged the Zacks Consensus Estimate of 74 cents. The bottom line declined 12.2% year over year. The company's net sales of $492.2 million missed the consensus estimate of $535 million. The top line also decreased 7% year over year due to decreasing demand in the Industrial, Process and Contractor segments. On a regional basis, quarterly sales generated from the Americas decreased 8% year over year. In Europe, the Middle East and Africa, sales increased 2% year over year. Sales from the Asia Pacific decreased 16% year over year. Segmental Details Revenues in the Industrial segment totaled $142 million (contributing to 28.9% of the quarter's sales), decreasing 5% year over year. Our estimate for segmental revenues was $153.0 million. Core sales declined 5% year over year. Revenues in the Process segment grossed $120 million (contributing to 24.4% of the quarter's sales), decreasing 10% year over year
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GGG
News
- Topline Financial Credit Union and Anoka Hennepin Credit Union Announce Proposed Merger Plan [Yahoo! Finance]Yahoo! Finance
- Graco Inc. (NYSE:GGG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Graco Inc. (NYSE: GGG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Graco Inc. (NYSE: GGG) had its "market perform" rating re-affirmed by analysts at William Blair.MarketBeat
- Graco Inc. (NYSE: GGG) had its price target lowered by analysts at Robert W. Baird from $90.00 to $87.00. They now have a "neutral" rating on the stock.MarketBeat
GGG
Earnings
- 4/24/24 - Miss
GGG
Sec Filings
- 4/26/24 - Form 8-K
- 4/24/24 - Form 10-Q
- 4/19/24 - Form 144
- GGG's page on the SEC website