Graco Inc. announced consolidated unaudited earnings results for the fourth quarter and the full year ended December 29, 2017. For the fourth quarter, the company reported net sales of $374,859,000 compared to $349,063,000 a year ago. Operating earnings were $76,220,000 compared to loss of $106,876,000 a year ago. Earnings before income taxes were $73,523,000 compared to loss before income taxes of $110,970,000 a year ago. Net earnings were $36,392,000 or $0.21 per diluted share compared to net loss of $104,213,000 or $0.61 per diluted share a year ago. Adjusted operating earnings were $88.3 million compared to $85.1 million a year ago. Adjusted earnings before income taxes were $85.6 million compared to $81.0 million a year ago. Adjusted net earnings were $59.4 million compared to $57.2 million a year ago. Adjusted diluted earnings per share were $0.34 against $0.33 a year ago.

For the full year, the company reported net sales of $1,474,744,000 compared to $1,329,293,000 a year ago. Operating earnings were $360,447,000 compared to $113,879,000 a year ago. Earnings before income taxes were $347,094,000 compared to $96,655,000 a year ago. Net earnings were $252,412,000 or $1.45 per diluted share compared to $40,674,000 or $0.24 per basic and diluted share a year ago. Net cash provided by operating activities was $337,864,000 compared to $276,006,000 a year ago. Property, plant and equipment additions were $40,194,000 compared to $42,113,000 a year ago. Adjusted operating earnings were $372.5 million compared to $305.9 million a year ago. Adjusted earnings before income taxes were $359.2 million compared to $288.7 million a year ago. Adjusted net earnings were $249.4 million compared to $202.1 million a year ago. Adjusted diluted earnings per share were $1.43 against $1.18 a year ago.

The company is initiating outlook for the full-year 2018 of mid single-digit growth on an organic, constant currency basis, with growth expected in every region and reportable segment.