Graco reports Q4 adjusted EPS 80c, consensus 79c

Reports Q4 revenue $566.6M, consensus $564.21M. “Graco reported record fourth quarter and annual sales and operating earnings with sales growth in all segments for the quarter,” said Mark Sheahan, Graco’s President and CEO. “The Industrial and Process segments achieved record annual sales and operating earnings while Contractor achieved record operating earnings for the year despite a challenging environment. The Contractor segment saw fourth quarter sales growth driven by new product introductions and continued strength in both the protective coatings and spray foam product categories. I am proud of the work our teams have done and want to thank our employees, customers and vendors for another great year.”