Graco Inc. Reports Earnings Results for the Fourth Quarter Ended December 27, 2019
January 28, 2020 at 02:53 am IST
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Graco Inc. announced earnings results for the fourth quarter ended December 27, 2019. For the fourth quarter, the company announced sales was USD 412.292 million compared to USD 406.438 million a year ago. Operating income was USD 104.169 million compared to USD 96.574 million a year ago. Net income was USD 84.835 million compared to USD 73.723 million a year ago. Basic earnings per share was USD 0.51 compared to USD 0.44 a year ago. Diluted earnings per share was USD 0.49 compared to USD 0.43 a year ago.
For the full year, sales was USD 1,646.045 million compared to USD 1,653.292 million a year ago. Operating income was USD 424.456 million compared to USD 436.427 million a year ago. Net income was USD 343.853 million compared to USD 341.054 million a year ago. Basic earnings per share was USD 2.06 compared to USD 2.04 a year ago. Diluted earnings per share was USD 2 compared to USD 1.97 a year ago.
Graco Inc. is a manufacturing company. It supplies technology and expertise for the management of fluids and coatings in industrial and commercial applications. It operates through three segments: Contractor, Industrial and Process. Contractor segment offers sprayers that apply paint to walls and other structures, with product models for users ranging from do-it-yourself homeowners to professional contractors. It also manufactures two-component proportioning systems that are used to spray polyurethane foam (spray foam) and polyurea coatings. Industrial segment includes the Industrial and Powder divisions. The Industrial segment markets equipment and solutions for moving and applying paints, coatings, sealants, adhesives and other fluids. Process segment includes the Process and Lubrication divisions. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants and other fluids.
GRACO INC. 
