Graco Inc. Reports Earnings Results for the Fourth Quarter Ended December 25, 2020
January 25, 2021 at 09:21 pm
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Graco Inc. announced earnings results for the fourth quarter ended December 25, 2020. For the fourth quarter, the company announced sales was USD 470.340 million compared to USD 412.292 million a year ago. Operating income was USD 132.128 million compared to USD 104.169 million a year ago. Net income was USD 114.691 million compared to USD 84.835 million a year ago. Basic earnings per share from continuing operations was USD 0.68 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 0.49 a year ago. For the full year, sales was USD 1,650.115 million compared to USD 1,646.045 million a year ago. Operating income was USD 391.718 million compared to USD 424.456 million a year ago. Net income was USD 330.456 million compared to USD 343.853 million a year ago. Basic earnings per share from continuing operations was USD 1.97 compared to USD 2.06 a year ago. Diluted earnings per share from continuing operations was USD 1.92 compared to USD 2 a year ago.
Graco Inc. is a manufacturing company. It supplies technology and expertise for the management of fluids and coatings in industrial and commercial applications. It operates through three segments: Contractor, Industrial and Process. Contractor segment offers sprayers that apply paint to walls and other structures, with product models for users ranging from do-it-yourself homeowners to professional contractors. It also manufactures two-component proportioning systems that are used to spray polyurethane foam (spray foam) and polyurea coatings. Industrial segment includes the Industrial and Powder divisions. The Industrial segment markets equipment and solutions for moving and applying paints, coatings, sealants, adhesives and other fluids. Process segment includes the Process and Lubrication divisions. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants and other fluids.
GRACO INC. 
