Graco (GGG) Stock

Graco (GGG) reported earnings 30 days ago. What's next for the stock?

GGG's third-quarter 2024 sales decline 4% year over year due to lower demand in all its segments.

While the top- and bottom-line numbers for Graco (GGG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Weakness in the sealants and adhesives business and increasing operating costs weigh on GGG. Unfavorable foreign currency movement is an added concern.

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it will release its Third Quarter 2024 earnings after the New York Stock Exchange closes on Wednesday, October 23, 2024. A full-text copy of the earnings announcement will be available on the Company's website at investors.graco.com. Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors to discuss the results at 11 a.m. ET / 10 a.m. CT on Thursday, October 24.

GGG's acquisition of Corob will enable it to strengthen its product offerings and boost its position in the paint and coating machinery manufacturing market.

GGG plans to undergo a business restructuring process to capitalize on growth opportunities and drive profitability.

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, introduces Stellair ACE and Stellair™, the only industrial air spray guns to achieve Ergonomics Performance Certification. Advanced testing by United States Ergonomics proves that the manual pressure feed sprayers reduce fatigue potential, increasing productivity for industrial painters. “Painting is really hard work,” said Peter Linder, vice president of North America sales and global produ.

A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla.