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Stock impact report

Graco Reports First Quarter Results [Yahoo! Finance]

Graco Inc. (GGG) 
Last graco inc. earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: graco.com/us/en/investor-relations.html
Company Research Source: Yahoo! Finance
$ in millions except per share amounts Three Months Ended Mar 29, Mar 31, Change Net Sales Operating Earnings Net Earnings Diluted Net Earnings per Common Share Adjusted (non-GAAP): Net Earnings, adjusted Diluted Net Earnings per Common Share, adjusted Excludes the impact of excess tax benefits from stock option exercises. See Financial Results Adjusted for Comparability below for a reconciliation of adjusted non-GAAP financial measures to GAAP. Net sales decreased 7 percent, with decreases in all segments. Regionally, sales decreased in the Americas and Asia Pacific and were up modestly in EMEA. Operating earnings decreased 15 percent, as an improved gross profit margin rate was unable to offset lower sales volume and higher operating expenses. Net earnings decreased 5 percent as increased interest income and lower interest expense softened the decrease in operating earnings. On an adjusted basis, net earnings decreased 11 percent. "Sales were down in Show less Read more
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