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Dec 27, 2024
Graco Q4 2024 Earnings Report
Graco's Q4 2024 results reflected decreased net sales and operating earnings due to slower demand and increased operating expenses.
Key Takeaways
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.
Net sales decreased by 3% compared to the previous year, with declines in all regions.
Gross profit margin rate declined by approximately 2 percentage points.
Operating expenses increased by $19 million, including litigation costs and business reorganization costs.
Completed Corob acquisition, contributing 3% of sales growth in the quarter.
Revenue by Segment
Forward Guidance
The company anticipates low single-digit sales growth on an organic, constant currency basis for the full year 2025.
Positive Outlook
- Incoming orders were consistent through much of the year, including the fourth quarter.
- Demand in China and for semiconductor products appear to have stabilized.
- Expecting growth in China and semiconductor products in 2025.
- Reorganization into global businesses completed, teams positioned to drive incremental profitable growth.
- Acquisition pipeline is solid with actionable opportunities expected in the coming year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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