Graco Inc. reported a 3% decrease in net sales for the fourth quarter, with declines in all regions. Operating earnings decreased by 23% due to lower sales volume and higher operating expenses. The company completed the Corob acquisition, contributing 3% to sales growth.
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.
Graco Inc. reported a record quarter with net sales increasing by 3 percent and operating earnings increasing by 5 percent. The Industrial and Process segments showed strong growth, while the Contractor segment experienced a decrease in sales.
Graco Inc. announced record sales and operating earnings for the fourth quarter and annual sales growth in all segments and regions. Net sales for the quarter increased 15 percent, driven by growth in the Americas, EMEA, and Asia Pacific 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.
Graco Inc. reported a 1% increase in net sales for the fourth quarter, driven by growth in the Americas and EMEA regions, though offset by declines in Asia Pacific. The Contractor segment's strong sales growth and favorable operating leverage boosted profitability, while gross margin rates decreased due to lower factory volume and unfavorable product mix.