NYSE$GGG
Graco Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Graco reported record fourth quarter and annual sales and operating earnings with sales growth in all segments.
Graco reported a 2% increase in net sales for the fourth quarter, with growth in all segments. The gross profit margin rate increased by approximately 4 percentage points. Operating earnings expressed as a percentage of sales increased 3 percentage points to 30 percent.
- Net sales increased 2 percent for the fourth quarter with sales growth in all segments.
- The gross profit margin rate for the quarter was approximately 4 percentage points higher than the comparable period last year due to realized pricing and lower product costs.
- Operating earnings expressed as a percentage of sales for the quarter increased 3 percentage points to 30 percent.
- Other non-operating expenses for the quarter included a non-cash pension settlement loss of $42 million in connection with the transfer of certain pension obligations to an insurance company.
Headline financials
Revenue & EPS history
Graco · Revenue · Quarterly
$567M
Revenue by segment
Graco · $402M total across 2 segments · Q3 2023
- Contractor$245M-7.1%61.0%
- Industrial$157M+0.6%39.0%
Forward guidance
The company is initiating full-year 2024 revenue guidance of low single-digits on an organic, constant currency basis.
Tailwinds
- Focus on new product development
- Expanding distribution
- Entering new markets
- Targeting strategic acquisitions
- Drive shareholder value
Headwinds
- Uncertain macroeconomic environment
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 2023
+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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