NYSE$GGG
Graco Inc. · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported record quarterly sales and operating earnings with fourth quarter sales growth in all regions.
Graco Inc. reported a 14 percent increase in sales for the fourth quarter, driven by double-digit growth in the Contractor segment and Asia Pacific region. The company saw improvements in spray foam, electronics, battery, and systems end markets, leading to record quarterly sales.
- Sales increased by 14 percent in the quarter, led by double-digit sales growth in the Contractor segment and Asia Pacific region.
- Gross profit margin rate for the quarter increased due to strong realized pricing, improved sales volume in the Industrial segment and favorable effects of changes in currency translation rates.
- Operating expense leverage for the quarter remained strong.
- The effective income tax rate for the quarter decreased 5 percentage points primarily due to increases in excess tax benefits related to stock option exercises.
Headline financials
Revenue & EPS history
Graco · Revenue · Quarterly
$470M
Revenue by segment
Graco · $387M total across 2 segments · Q4 2020
- Industrial$213M+9.3%55.0%
- Contractor$174M+35.2%45.0%
Forward guidance
Graco expects challenging end market conditions to remain in place for at least the first half of 2021 in many of their end markets as lockdowns continue. The outlook for the Contractor segment remains positive as favorable conditions continue, and demand for their products is solid across major end markets and product categories.
Tailwinds
- Favorable conditions continue in the Contractor segment.
- Demand for products is solid across major end markets.
- Positive outlook for the Contractor segment.
- Solid demand for products across major end markets.
- Favorable conditions expected to continue.
Headwinds
- Challenging end market conditions expected to remain.
- Lockdowns continue to affect end markets.
- Challenging conditions expected for at least the first half of 2021.
- End market conditions expected to remain challenging.
- Lockdowns expected to continue affecting end markets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+0.7%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.0%
Avg return
30 days after
62%
43 / 69 earnings
Positive
+10.8%
Q1 2023
Best reaction
-10.7%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.7% | -6.1% | -11.6% | |
| Q4 2025 | +1.4% | +0.7% | +7.2% | |
| Q3 2025 | +0.0% | -0.3% | +0.8% | |
| Q2 2025 | +2.6% | +1.5% | +3.5% | |
| Q1 2025 | +1.9% | +3.2% | +5.9% | |
| Q4 2024 | -3.0% | -2.1% | +0.1% | |
| Q3 2024 | -1.7% | -2.8% | +8.7% | |
| Q2 2024 | +2.1% | +1.7% | +0.3% | |
| Q1 2024 | -7.1% | -8.4% | -9.0% | |
| Q4 2023 | +2.5% | +2.6% | +6.2% | |
| Q3 2023 | +5.7% | +5.1% | +15.2% | |
| Q2 2023 | -7.5% | -8.5% | -10.8% | |
| Q1 2023 | +10.8% | +14.5% | +10.0% | |
| Q4 2022 | +1.7% | +6.1% | +2.9% | |
| Q3 2022 | +2.9% | +6.9% | +7.9% | |
| Q2 2022 | +4.8% | +6.9% | +4.8% | |
| Q1 2022 | -1.0% | -2.7% | -2.0% | |
| Q4 2021 | +4.4% | +1.0% | +0.8% | |
| Q3 2021 | +4.0% | +4.3% | +7.1% | |
| Q2 2021 | -1.2% | -0.9% | -0.1% | |
| Q1 2021 | +0.6% | +1.1% | -1.7% | |
| Q4 2020 | -6.3% | -9.1% | -7.9% | |
| Q3 2020 | -1.1% | -1.9% | +4.5% | |
| Q2 2020 | +4.1% | +3.7% | +9.4% | |
| Q1 2020 | -0.1% | +2.9% | +2.9% | |
| Q4 2019 | +5.9% | +2.3% | +3.3% | |
| Q3 2019 | -1.4% | -0.4% | +2.7% | |
| Q2 2019 | -5.3% | -5.8% | -13.6% | |
| Q1 2019 | -4.6% | -3.8% | -10.1% | |
| Q4 2018 | +3.2% | +2.3% | +12.0% | |
| Q3 2018 | +4.0% | +3.2% | +11.7% | |
| Q2 2018 | -0.3% | -3.9% | -1.9% | |
| Q1 2018 | +2.6% | -1.8% | +2.5% | |
| Q4 2017 | -5.8% | -7.7% | -9.6% | |
| Q3 2017 | +3.3% | +1.2% | +1.2% | |
| Q2 2017 | +7.1% | +7.7% | +5.2% | |
| Q1 2017 | +10.1% | +9.7% | +11.2% | |
| Q4 2016 | +0.0% | +1.4% | +5.1% | |
| Q3 2016 | +6.7% | +6.2% | +13.3% | |
| Q2 2016 | -7.9% | -6.7% | -6.3% | |
| Q1 2016 | -6.3% | — | — | |
| Q4 2015 | +7.5% | — | — | |
| Q3 2015 | +5.0% | — | — | |
| Q2 2015 | +4.4% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q4 2014 | -7.4% | — | — | |
| Q3 2014 | +1.4% | — | — | |
| Q2 2014 | +1.6% | — | — | |
| Q1 2014 | -1.7% | — | — | |
| Q4 2013 | -1.6% | — | — | |
| Q3 2013 | +0.9% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +6.9% | — | — | |
| Q4 2012 | +3.7% | — | — | |
| Q3 2012 | -1.1% | — | — | |
| Q2 2012 | +1.9% | — | — | |
| Q1 2012 | -5.2% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | +9.9% | — | — | |
| Q2 2011 | -10.7% | — | — | |
| Q1 2010 | +7.5% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q4 2010 | -6.0% | — | — | |
| Q4 2008 | -6.0% | — | — | |
| Q3 2010 | +2.7% | — | — | |
| Q3 2009 | +2.7% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q2 2010 | +0.3% | — | — | |
| Q2 2009 | +0.3% | — | — |
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