Graco Posts Q3 EPS of $0.75
GGG is trading near its 52-week low of $72.513 (13% above the low).
Summary
Graco reported third-quarter EPS of $0.75, with adjusted EPS of 81c. Sales came in at $586.4M and net income was $121.6M. The headline carries the bottom-line number only — no margin or guidance detail, and no year-ago comparison, so the beat/miss picture isn't yet clear from this line. Context: Q2 was a record quarter with an adjusted EPS beat of 17%, and the company closed its $447 million Valco Melton acquisition on September 1, so this is the first full quarter reflecting that deal. Watch the full release for segment detail and any update to Q4 guidance.
At the time of this announcement, GGG was trading at $81.81 on NYSE in the Manufacturing sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $72.51 to $95.69. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.