Graco reports record Q4 and FY 2023 sales and operating earnings; adjusted EPS up 16% YoY

GRACO INC

2023-FY EPS reported $2.94 revenue$2,195,606,000

Q4 net sales $566.6M (+2% YoY); FY net sales $2,195.6M (+2% YoY); both records.
Q4 GAAP EPS $0.64 (down 14% YoY); adjusted EPS $0.80 (up 10% YoY).
FY 2023 GAAP EPS $2.94 (up 11% YoY); adjusted EPS $3.04 (up 16% YoY).
FY operating earnings $646.8M (+13% YoY); operating margin expanded to 29.5%.
All segments posted sales growth in Q4; full-year net earnings of $506.5M (+10% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GRACO INC reported the fourth quarter ended December 29, 2023 results: revenue $566.6, net income $110.0, EPS $0.64.

Period: the fourth quarter ended December 29, 2023
Revenue: $566.6
Net income: $110.0
EPS: $0.64
Result: reported results

Exact text from the filing

Graco Inc. (NYSE: GGG) today announced results for the fourth quarter ended December 29, 2023. Summary $ in millions except per share amounts Three Months Ended Twelve Months Ended Dec 29, 2023 Dec 30, 2022 % Change Dec 29, 2023 Dec 30, 2022 % Change Net Sales $ 566.6 $ 555.0 2 % $ 2,195.6 $ 2,143.5 2 % Operating Earnings 169.9 152.5 11 % 646.8 572.7 13 % Net Earnings 110.0 126.2 (13) % 506.5 460.6 10 % Diluted Net Earnings per Common Share $ 0.64 $ 0.74 (14) % $ 2.94 $ 2.66 11 %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GRACO INC reported the twelve months ended December 29, 2023 results: revenue $2,195.6, net income $506.5, EPS $2.94.

Period: the twelve months ended December 29, 2023
Revenue: $2,195.6
Net income: $506.5
EPS: $2.94
Result: reported results

Exact text from the filing

Graco Inc. (NYSE: GGG) today announced results for the fourth quarter ended December 29, 2023. Summary $ in millions except per share amounts Three Months Ended Twelve Months Ended Dec 29, 2023 Dec 30, 2022 % Change Dec 29, 2023 Dec 30, 2022 % Change Net Sales $ 566.6 $ 555.0 2 % $ 2,195.6 $ 2,143.5 2 % Operating Earnings 169.9 152.5 11 % 646.8 572.7 13 % Net Earnings 110.0 126.2 (13) % 506.5 460.6 10 % Diluted Net Earnings per Common Share $ 0.64 $ 0.74 (14) % $ 2.94 $ 2.66 11 %

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Source: SEC EDGAR

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