Graco Q4 2024 Earnings Report
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.
Graco
Graco
Graco 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