Latest news with #Graco
Yahoo
3 hours ago
- Business
- Yahoo
What To Expect From Gorman-Rupp's (GRC) Q2 Earnings
Gorman-Rupp (NYSE:GRC) manufactures and sells pumps globally. will be announcing earnings results this Friday before the bell. Here's what to expect. Gorman-Rupp missed analysts' revenue expectations by 0.5% last quarter, reporting revenues of $163.9 million, up 2.9% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' EBITDA estimates. Is Gorman-Rupp a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Gorman-Rupp's revenue to grow 3% year on year to $174.6 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Gorman-Rupp has missed Wall Street's revenue estimates five times over the last two years. Looking at Gorman-Rupp's peers in the industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Graco delivered year-on-year revenue growth of 3.4%, missing analysts' expectations by 3.1%, and GE Aerospace reported revenues up 21.2%, topping estimates by 15.6%. GE Aerospace traded down 1.1% following the results. Read our full analysis of Graco's results here and GE Aerospace's results here. There has been positive sentiment among investors in the industrial machinery segment, with share prices up 7.7% on average over the last month. Gorman-Rupp is up 4.1% during the same time and is heading into earnings with an average analyst price target of $53 (compared to the current share price of $37.94). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 hours ago
- Business
- Yahoo
What To Expect From Gorman-Rupp's (GRC) Q2 Earnings
Gorman-Rupp (NYSE:GRC) manufactures and sells pumps globally. will be announcing earnings results this Friday before the bell. Here's what to expect. Gorman-Rupp missed analysts' revenue expectations by 0.5% last quarter, reporting revenues of $163.9 million, up 2.9% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' EBITDA estimates. Is Gorman-Rupp a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Gorman-Rupp's revenue to grow 3% year on year to $174.6 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Gorman-Rupp has missed Wall Street's revenue estimates five times over the last two years. Looking at Gorman-Rupp's peers in the industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Graco delivered year-on-year revenue growth of 3.4%, missing analysts' expectations by 3.1%, and GE Aerospace reported revenues up 21.2%, topping estimates by 15.6%. GE Aerospace traded down 1.1% following the results. Read our full analysis of Graco's results here and GE Aerospace's results here. There has been positive sentiment among investors in the industrial machinery segment, with share prices up 7.7% on average over the last month. Gorman-Rupp is up 4.1% during the same time and is heading into earnings with an average analyst price target of $53 (compared to the current share price of $37.94). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
18 hours ago
- Business
- Business Wire
Graco Reports Second Quarter Results
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) today announced results for the second quarter ended June 27, 2025. Summary $ in millions except per share amounts (1) Excludes the impact of excess tax benefits from stock option exercises. See Financial Results Adjusted for Comparability below for a reconciliation of adjusted non-GAAP financial measures to GAAP. Expand Net sales for the second quarter increased 3 percent. Incremental sales from acquired operations contributed 6 percentage points of sales growth. EMEA and Asia Pacific sales growth was partially offset by a decrease in the Americas. The gross profit margin rate declined approximately 2 percentage points for the second quarter due to higher product costs, including $4 million of increased tariff costs, and the unfavorable effects of lower margin rates from acquired operations. Total operating expenses for the second quarter increased 2 percentage points, including a total of 7 percentage points from acquired operations. Excluding the impact of acquired operations, operating expenses decreased $7 million (5 percentage points). Other non-operating income decreased $3 million for the quarter, mostly due to $5 million of exchange losses on net liabilities of certain foreign operations and lower interest income. Net earnings decreased 4 percent for the second quarter due to a lower gross margin rate and lower non-operating income. Other notable items for the year to date included an increase in cash flow from operations of $50 million to $308 million, primarily reflective of reductions in inventory levels. Year-to-date share repurchases totaled 4.4 million shares for $361 million. "Overall sales were up 3% in the quarter despite an organic revenue decline of 3%, primarily due to lower sales in the Contractor segment," said Mark Sheahan, Graco's President and Chief Executive Officer. "The Contractor segment organic sales decline was driven by softness in the North American construction markets, cautious channel and contractor investment, and reduced foot traffic in the home centers. The Americas drove the organic revenue decline as we saw growth in volume in both the EMEA and Asia Pacific regions. In addition, sales of powder finishing equipment continued to be strong during the quarter with improved activity in China." Consolidated Results Net sales for the second quarter increased 3 percent from the comparable period last year. Second quarter net sales decreased 3 percent in the Americas, increased 19 percent in EMEA (14 percent at consistent translation rates), and increased 12 percent in Asia Pacific (13 percent at consistent translation rates). Year-to-date net sales increased 5 percent compared to last year (6 percent at consistent translation rates). Year-to-date net sales increased 1 percent in the Americas, increased 14 percent in EMEA (13 percent at consistent translation rates), and increased 12 percent in Asia Pacific (14 percent at consistent translation rates). Changes in currency translation rates increased worldwide sales by $4 million for the second quarter and decreased worldwide sales by $3 million for the year to date. Acquired operations contributed $32 million of sales growth for the second quarter and $62 million of sales growth for the year to date. The gross profit margin rate declined approximately 2 percentage points for both the second quarter and year to date from the comparable periods last year due to higher product costs, including $4 million of increased tariff costs, and the unfavorable effects of lower margin rates from acquired operations. Total operating expenses increased $3 million (2 percent) for the second quarter and $3 million (1 percent) for the year to date, respectively, compared to last year. Incremental expenses from acquired operations of $9 million for the quarter and $19 million for the year to date were partially offset by decreases in product development spending, sales and earnings-based incentives and share-based compensation. The second quarter and year to date periods last year included $3 million of expenses associated with the relocation to a new distribution center. Other non-operating income decreased $3 million for both the second quarter and year to date from the comparable periods last year and included exchange losses on net liabilities of certain foreign operations of $5 million for the quarter and $8 million for the year to date. Favorable market valuation changes on investments held to fund certain retirement benefits partially offset these exchange losses. Other income for the year to date included a $5 million gain in the first quarter from the sale of a former manufacturing and distribution facility in Switzerland. The effective income tax rate was 19 percent for both the second quarter and the year to date. Adjusted to exclude the impacts of excess tax benefits from stock option exercises (see Financial Results Adjusted for Comparability below), the adjusted effective income tax rate of 20 percent for both the quarter and year to date was comparable to the respective periods last year. Segment Results Management assesses performance of segments by reference to operating earnings excluding unallocated corporate expenses. For a reconciliation of segment operating earnings to consolidated operating earnings, refer to the segment information table included in the financial statement section of this release. Certain measurements of segment operations are summarized below: Components of net sales change by geographic region for the Contractor segment were as follows: Incremental sales from acquired operations in the Contractor segment for the quarter and year to date were partially offset by weakness in worldwide construction markets, particularly in North America. The operating margin rate declined 5 percentage points for the quarter and year to date, including 3 percentage points from higher product costs, mainly due to increased tariffs, and 2 percentage points from the unfavorable effects of lower margin rates of acquired operations. Components of net sales change by geographic region for the Industrial segment were as follows: Industrial segment sales for the second quarter were flat and increased 2 percentage points for the year to date as favorable volumes in EMEA and Asia Pacific offset decreased sales in the Americas. The operating margin rate for this segment was flat for the quarter as realized pricing offset unfavorable product and channel mix and higher product costs. The year to date operating margin increased 1 percentage point as realized pricing and lower expenses more than offset higher product costs. Components of net sales change by geographic region for the Expansion Markets segment were as follows: Expansion Market net sales decreased for the second quarter as continued sales growth in the semiconductor product application was more than offset by decreased sales in the environmental product application. For the year to date, double-digit sales growth in the semiconductor product application more than offset softness in other applications. The operating margin rate for this segment increased for both the quarter and year to date driven by increased sales volume and lower expenses. Outlook "Component costs have risen due to tariffs introduced this quarter," said Sheahan. "To help offset these higher costs, we will implement a targeted price increase beginning in September. Although the timing of this action differs from our usual approach, it is a necessary response to the current trade environment facing industrial manufacturers and should help mitigate the effects of the tariffs. This pricing decision, along with our upcoming new product launches and the steady order rates we saw throughout the quarter, gives us confidence in our previous guidance for the rest of the year. We are maintaining our 2025 revenue outlook of low single-digit sales growth on an organic constant-currency basis." Financial Results Adjusted for Comparability Excluding the impact of excess tax benefits from stock option exercises presents a more consistent basis for comparison of financial results. A calculation of the non-GAAP adjusted measurements of income taxes, effective income tax rate, net earnings and diluted earnings per share follows (in millions except per share amounts): Cautionary Statement Regarding Forward-Looking Statements The Company desires to take advantage of the 'safe harbor' provisions regarding forward-looking statements of the Private Securities Litigation Reform Act of 1995 and is filing this Cautionary Statement in order to do so. From time to time various forms filed by our Company with the Securities and Exchange Commission, including our Form 10-K, Form 10-Qs and Form 8-Ks, and other disclosures, including our 2024 Overview report, press releases, earnings releases, analyst briefings, conference calls and other written documents or oral statements released by our Company, may contain forward-looking statements. Forward-looking statements generally use words such as 'expect,' 'foresee,' 'anticipate,' 'believe,' 'project,' 'should,' 'estimate,' 'will,' and similar expressions, and reflect our Company's expectations concerning the future. All forecasts and projections are forward-looking statements. Forward-looking statements are based upon currently available information, but various risks and uncertainties may cause our Company's actual results to differ materially from those expressed in these statements. The Company undertakes no obligation to update these statements in light of new information or future events. Future results could differ materially from those expressed, due to the impact of changes in various factors. These risk factors include, but are not limited to, risks relating to the demand for our products and the level of commercial and industrial activity worldwide; changes in currency translation rates; international and domestic instability; interest rate fluctuations and changes in credit markets; global sourcing of materials; interruptions of or intrusions into our information systems; intellectual property rights; the use of generative artificial intelligence; conducting business internationally; catastrophic events; our ability to attract, develop and retain qualified personnel; public health crises; our growth strategies and acquisitions; potential goodwill impairment; our ability to compete effectively; our dependence on a few large customers; our dependence on cyclical industries; changes in laws and regulations; climate-related laws, regulations and accords; environmental, social and governance-related expectations and requirements; compliance with anti-corruption and trade laws; changes in tax or tariff rates or the adoption of new tax or tariff legislation; and costs associated with legal proceedings. Please refer to Item 1A of our Annual Report on Form 10-K for fiscal year 2024 (and the most recent Form 10-Q) for a more comprehensive discussion of these and other risk factors. These reports are available on the Company's website at and the Securities and Exchange Commission's website at Shareholders, potential investors and other readers are urged to consider these factors in evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Investors should realize that factors other than those identified above and in Item 1A of our Annual Report on Form 10-K for fiscal year 2024 might prove important to the Company's future results. It is not possible for management to identify each and every factor that may have an impact on the Company's operations in the future as new factors can develop from time to time. Conference Call Graco management will hold a conference call, including slides via webcast, with analysts and institutional investors on Thursday, July 24, 2025, at 11 a.m. ET, 10 a.m. CT, to discuss Graco's second quarter results. A real-time listen-only webcast of the conference call will be broadcast by Nasdaq. Individuals can access the call and view the slides on the Company's website at Listeners should go to the website at least 15 minutes prior to the live conference call to install any necessary audio software. About Graco Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. For additional information about Graco Inc., please visit us at SEGMENT INFORMATION (Unaudited) (In thousands) Three Months Ended Six Months Ended Jun 27, 2025 Jun 28, 2024 Jun 27, 2025 Jun 28, 2024 Net Sales Contractor $ 288,959 $ 269,638 $ 543,991 $ 499,680 Industrial 242,277 241,878 473,930 466,738 Expansion Markets 40,570 41,727 82,169 79,014 Total $ 571,806 $ 553,243 $ 1,100,090 $ 1,045,432 Operating Earnings Contractor $ 75,489 $ 84,362 $ 137,419 $ 150,503 Industrial 82,372 81,564 161,967 154,653 Expansion Markets 8,829 8,435 18,894 15,187 Unallocated corporate (expense) (9,206 ) (13,002 ) (16,783 ) (25,988 ) Total $ 157,484 $ 161,359 $ 301,497 $ 294,355 Expand
Yahoo
2 days ago
- Business
- Yahoo
Graco (GGG) Q2 Earnings Report Preview: What To Look For
Fluid and coating equipment company Graco (NYSE:GGG) will be reporting earnings this Wednesday after market close. Here's what to look for. Graco met analysts' revenue expectations last quarter, reporting revenues of $528.3 million, up 7.3% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts' EPS estimates but a miss of analysts' Process revenue estimates. Is Graco a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Graco's revenue to grow 6.7% year on year to $590.2 million, a reversal from the 1.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Graco has missed Wall Street's revenue estimates six times over the last two years. Looking at Graco's peers in the industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 21.2%, beating analysts' expectations by 15.6%, and Worthington reported flat revenue, topping estimates by 5.6%. GE Aerospace traded down 1.1% following the results while Worthington was up 1.8%. Read our full analysis of GE Aerospace's results here and Worthington's results here. There has been positive sentiment among investors in the industrial machinery segment, with share prices up 5.9% on average over the last month. Graco's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $91.15 (compared to the current share price of $86.19). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Irish Sun
6 days ago
- Business
- The Irish Sun
‘Gotta get myself to Tesco!!' parents say as supermarket slash the price on cribs, high chairs & other baby essentials
BEING a first-time parent can get expensive quickly. From buying pushchairs, car seats and highchairs, your money is gone in a blink of an eye when you Advertisement 2 Parents are racing to Tesco for their baby sale Credit: Facebook 2 Products are slashed to over half price with a clubcard Credit: Facebook Fortunately, Tesco currently has lots of baby essentials that are slashed in price that One mum, Emma Black, took to social media to notify others of the deal. She wrote: "Some great deals on baby items in Tesco with a Clubcard!" The first product she found was the Joie bedside crib which usually retails for £160 but is currently just £64 with the loyalty card. Advertisement READ MORE ON PARENTING The bedside crib is one of the most highly rated ones for parents. It allows you to sleep side-by-side with your baby while still giving you both your own space to comfortably move around in. Suitable for newborns up to 9kg, it features a single-hand glide and sliding side panel so you can soothe your baby without leaving your bed. The one-touch glide lock lets you secure Roomie Glide in place once your little one is fast asleep and you're done rocking. Advertisement Most read in Fabulous Exclusive It also comes with mesh windows on each side as well as four lockable wheels to move the crib around easily. Also on offer is the Graco highchair, which is just £60 with a Clubcard instead of £150. shoppers go wild for Tesco's perfect summer co-ord The Graco DuoDiner DLX 6 in 1 also converts to a dining booster seat, youth stool, and table. The high chair will see you through the toddler years for multiple occasions. Advertisement "So many other baby items on offer with Clubcard too," Emma alerted parents. The post was shared on the Facebook group, Insider tip from a Tesco employee A Tesco employee has revealed a surprising secret about the self-scan trolleys. According to the worker, random checks on customers using these trolleys are not entirely random. The checks are actually triggered by a specific customer habit. If you frequently pick up and put down items without scanning them, you're more likely to be selected for a check. This is due to the system detecting suspicious behaviour, which could indicate potential theft. So, to avoid delays, it's best to scan items immediately after placing them in your trolley. Parents were quick to thank Emma for sharing the deals. One person wrote: "Wow. Will see if I can order now. Or go after work." Advertisement Another commented: "That's really good!" "That's cheap with Clubcard," penned a third. Meanwhile a fourth said: "We need one of these and they're cheaper now." Someone else added: "I want one I'll have to have a look for one in Tesco." Advertisement
