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Graco Inc. (GGG)

NYSE - NYSE Delayed price. Currency in USD
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66.14-0.51 (-0.77%)
At close: 4:00PM EST
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  • S
    Steve-382
    Well, I guess some will find fault with these earnings results, but record earnings and revenues looks pretty good to me.
  • G
    Green
    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
    Steve-382
    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.

    https://finance.yahoo.com/news/graco-reports-record-sales-operating-211700335.html
    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
    Steve-382
    Not sure why we dropped from $50 to $40 recently. Tariffs,weaker house construction, any other thoughts?
  • S
    Steve-382
    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
    Yahoo Finance Insights
    Graco is up 4.97% to 69.21
  • Y
    Yahoo Finance Insights
    GGG is down -66.75% to 45.06
  • S
    Steve-382
    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
    Steve-382
    Nice. 3 for 1 split and raise the dividend 10%. Had been expecting that for a while.
  • V
    Vol
    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
    Steve-382
    Another good earnings report. Record earnings and revenues along with a positive outlook for the rest of the year.

    https://finance.yahoo.com/news/graco-reports-record-sales-operating-201000765.html
    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
    Yahoo Finance Insights
    Graco reached an all time high at 62.80
  • Y
    Yahoo Finance Insights
    GGG reached a new All Time High at 46.57
  • Y
    Yahoo Finance Insights
    GGG reached a new All Time High at 47.42
  • Y
    Yahoo Finance Insights
    Graco reached an all time high at 68.86
  • e
    elksfootball75
    This thing is on fire today, might as well buy some more before it jumps way up
  • Y
    Yahoo Finance Insights
    Graco reached an all time high at 65.65
  • S
    Steve-382
    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
    Yahoo Finance Insights
    Graco reached an all time high at 63.43
  • S
    Steve-382
    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.