Graco Inc

GGG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Graco Earnings: Soft Demand in China Weighs on Results

Krzysztof Smalec

Oct 24, 2024

Wide-moat-rated Graco's third-quarter adjusted EPS decreased by 7% year over year, driven by soft demand, particularly in Asia Pacific, and higher operating expenses. Management said on the call that the decline in revenue in China accounted for over 90% of Graco's overall revenue decrease in the quarter. We've maintained our $78 fair value estimate, as our slightly lower near-term revenue growth projections were offset by time value of money.

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Graco Inc

Graco Earnings: Soft Demand in China Weighs on Results

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