Well, I guess some will find fault with these earnings results, but record earnings and revenues looks pretty good to me.
G
How does a company in this market trade at a trailing PE of over 25? This is a cyclical company whose earnings are going to get cut bigtime like they did in the last recession. The real PE is now probably closer to 50.
S
Well, record earnings and revenues for any Q4, but in this market I would expect to see the share price drop a little tomorrow since it was pretty much in line with expectations. I would be a buyer if it drops back to $35 or so. They have their usual forecast of 5% growth for next year. Conference call will be at 11:00 AM Tuesday.
Fourth Quarter and Annual Sales Growth in All Segments and Regions
Fourth Quarter and Annual Sales Growth in All Segments and Regions
finance.yahoo.com
S
Not sure why we dropped from $50 to $40 recently. Tariffs,weaker house construction, any other thoughts?
S
So, I just copied my message from the Q1 report:
Another good earnings report. Record earnings and revenues along with a positive outlook for the rest of the year.
Y
Graco is up 4.97% to 69.21
Y
GGG is down -66.75% to 45.06
S
Graco was mentioned favorably in Barron's this week.
The third company on our list, Graco (GGG), designs and makes industrial equipment to dispense, mix, and measure a range of coatings and fluids used for sealing cartons, keeping pipelines from corroding, and staining wood. Many are replaced frequently, which contributes to a steady free cash flow. Graco has used that free cash, up 31% last year, to develop products and push into new markets profitably. That’s helped to diversify its sources of free cash flow and keeps the stock attractive, says Christopher Bonavico, co-manager of the Jackson Square SMID-Cap Growth fund (DCGTX). Graco’s net debt to Ebitda sits at just 0.4, as it builds cash and avoids acquisitions in a frothy market.
S
Nice. 3 for 1 split and raise the dividend 10%. Had been expecting that for a while.
V
Big firm news yesterday, GGG reported its detailed performance in the past year. The earnings reported by a firm often differ from its cash flows. This distinction, referred to as "accruals", speaks to the firm’s estimation of profits not yet received. see http://www.financial-education-hub.com/1/GGG. Nevertheless, the estimation is not perfect. For example, managers may abuse accruals to adjust earnings, resulting in low future profits. This suggests that a firm is likely to perform poorly in the coming years as compared to firms that have the same reported earnings but lower accruals.
S
Another good earnings report. Record earnings and revenues along with a positive outlook for the rest of the year.
Graco Inc. today announced results for the first quarter ended March 30, 2018.
Graco Inc. today announced results for the first quarter ended March 30, 2018.
finance.yahoo.com
Y
Graco reached an all time high at 62.80
Y
GGG reached a new All Time High at 46.57
Y
GGG reached a new All Time High at 47.42
Y
Graco reached an all time high at 68.86
e
This thing is on fire today, might as well buy some more before it jumps way up
Y
Graco reached an all time high at 65.65
S
Amazing earnings report tonight. Up $5.59 after hours. Yeah, it's expensive, but it's always expensive and they run a tight ship.
Y
Graco reached an all time high at 63.43
S
Q3 2016 Earnings Report. Actually looks a little better than I expected from their previous guidance at the last conference call. Record revenues for any Q3 and close to record earnings for any Q3. They are still expressing caution for Q4.
https://finance.yahoo.com/news/graco-reports-record-sales-operating-211700335.html
Another good earnings report. Record earnings and revenues along with a positive outlook for the rest of the year.
The third company on our list, Graco (GGG), designs and makes industrial equipment to dispense, mix, and measure a range of coatings and fluids used for sealing cartons, keeping pipelines from corroding, and staining wood. Many are replaced frequently, which contributes to a steady free cash flow. Graco has used that free cash, up 31% last year, to develop products and push into new markets profitably. That’s helped to diversify its sources of free cash flow and keeps the stock attractive, says Christopher Bonavico, co-manager of the Jackson Square SMID-Cap Growth fund (DCGTX). Graco’s net debt to Ebitda sits at just 0.4, as it builds cash and avoids acquisitions in a frothy market.
https://finance.yahoo.com/news/graco-reports-record-sales-operating-201000765.html