Graco Inc. Announces Fourth Quarter 2024 Earnings Conference Call

Graco Inc. (GGG), a leading provider of fluid management technology and expertise, has announced its upcoming Fourth Quarter 2024 earnings release. The company will host a conference call with analysts and institutional investors on Tuesday, January 28, 2025, at 11 a.m. EST / 10 a.m. CST. The earnings announcement will be available on Graco's investor website, and the conference call will include slides via webcast.



In the recently reported quarter, Graco delivered strong financial performance, with revenue of $566.64 million, up 2.1% year-over-year, and EPS of $0.80, compared to $0.73 in the year-ago quarter. The company's revenue surpassed the Zacks Consensus Estimate of $565.86 million, representing a surprise of +0.14%. Graco also delivered an EPS surprise of +1.27%, with the consensus EPS estimate being $0.79.



Graco's segmental performance was driven by several key factors. The Industrial segment contributed 33.9% of the quarter's sales, with revenues totaling $192 million, up 1% year over year. This growth was driven by end-market strength in the Americas, partially offset by low finishing system sales in the EMEA and Asia Pacific regions. The Process segment contributed 24% of the quarter's sales, with revenues of $135.9 million, increasing 4% year over year. This improvement came on the back of a 4% rise in core sales. The Contractor segment contributed 42.1% of the quarter's sales, with revenues totaling $238.8 million, up 2% year over year, supported by positive responses from new product offerings.



Graco's operating margins and cost structure have evolved positively over time, with the company successfully managing pricing, product costs, and currency-related risks. In the fourth quarter of 2023, Graco's operating margin increased by 3 percentage points year over year to 27.4%, driven by favorable pricing and lower product costs.



Looking ahead, investors can expect Graco to maintain its positive momentum, given its focus on new product introduction, accessing new markets, and strategic acquisitions. The company expects low single-digit organic revenue growth on a constant-currency basis for 2024.

In conclusion, Graco Inc. has demonstrated strong financial performance and segmental growth in the recently reported quarter. With a focus on core strategies and a positive outlook for 2024, Graco is well-positioned to continue its momentum and deliver value to shareholders. The upcoming Fourth Quarter 2024 earnings conference call will provide further insights into the company's performance and future prospects.