This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Graco Reports Record First Quarter Sales And Operating Earnings

A real-time webcast of the conference call will be broadcast live over the Internet. Individuals wanting to listen and view slides can access the call at 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.

For those unable to listen to the live event, a replay will be available soon after the conference call at Graco’s website, or by telephone beginning at approximately 2:00 p.m. ET on April 26, 2012, by dialing 800-406-7325, Conference ID #4530277, if calling within the U.S. or Canada. The dial-in number for international participants is 303-590-3030, with the same Conference ID #. The replay by telephone will be available through April 30, 2012.

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid 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
Consolidated Statement of Earnings (Unaudited)
    Thirteen Weeks Ended
(in thousands, except per share amounts) Mar 30,     Apr 1,
2012 2011
Net Sales $ 234,122 $ 217,679
Cost of products sold   101,943     93,282  
Gross Profit 132,179 124,397
Product development 11,638 9,931
Selling, marketing and distribution 38,026 37,483
General and administrative   24,546     19,914  
Operating Earnings 57,969 57,069
Interest expense 3,689 616
Other expense, net   299     -  
Earnings Before Income Taxes 53,981 56,453
Income taxes   18,600     19,200  
Income taxes $ 35,381   $ 37,253  
Net Earnings per Common Share
Basic $ 0.59 $ 0.62
Diluted $ 0.58 $ 0.61
Weighted Average Number of Shares
Basic 60,052 60,270
Diluted 61,338 61,360
Segment Information (Unaudited)
Thirteen Weeks Ended
Mar 30, Apr 1,
2012 2011
Net Sales
Industrial $ 134,103 $ 122,830
Contractor 71,986 70,205
Lubrication   28,033     24,644  
Total $ 234,122   $ 217,679  
Operating Earnings
Industrial $ 48,313 $ 45,025
Contractor 12,539 11,115
Lubrication 6,089 5,227
Unallocated corporate (expense)   (8,972 )   (4,298 )
Total $ 57,969   $ 57,069  

All figures are subject to audit and adjustment at the end of the fiscal year.

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.45 0.87%
FB $117.74 -0.70%
GOOG $693.15 -0.72%
TSLA $233.63 -3.40%
YHOO $35.98 -1.50%


Chart of I:DJI
DOW 17,711.39 -179.77 -1.00%
S&P 500 2,059.52 -21.91 -1.05%
NASDAQ 4,759.9470 -57.6470 -1.20%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs