secwatch.observer — SEC 8-K summary
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Issuer:     GRACO INC (GGG)
CIK:        0000042888
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0000042888-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42888/000004288824000003/0000042888-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42888/000004288824000003/ggg-20240129.htm
  HTML page:      https://secwatch.observer/filing/0000042888-24-000003

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