Graco Q4 2021 Earnings Report
Key Takeaways
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.
Sales for the quarter increased in all segments and regions.
There were 14 weeks in the fiscal fourth quarter of 2021 compared to 13 weeks in 2020.
Gross profit margin rate for the quarter weakened mainly due to higher product costs.
Higher sales and earnings-based expenses contributed to the 15 percent increase in total operating expenses for the quarter.
Graco
Graco
Graco Revenue by Segment
Forward Guidance
The company is initiating an outlook for the full-year 2022 of high single-digit sales growth on an organic, constant currency basis, with positive expectations in every region and reportable segment.
Positive Outlook
- Positive expectations in every region
- Positive expectations in every reportable segment
- Pricing actions
- Strong demand levels across all major end markets
- Strong demand levels across all product categories
Challenges Ahead
- Supply chain challenges
- Logistical challenges
- Inflationary challenges
Revenue & Expenses
Visualization of income flow from segment revenue to net income