#Graco Inc. Q4 FY24 #EarningsReport Summary

In Q4 FY24, Graco faced softer demand globally and higher product costs, leading to declines in revenue and margins. Acquisitions, including Corob, partially offset declines, contributing 3% to growth.

📊 Income Statement Highlights (vs Q4 FY23):

▫️ Net Income: $108.71M vs. $110.00M (-1.18%)
▫️ Total Revenue: $548.67M vs. $566.60M (-3.17%)
▫️ Adjusted EPS: $0.64 vs. $0.80 (-20%)
▫️ Gross Margin: 50.91% vs. 52.30% (-1.39 pts)
▫️ Operating Income: $130.02M vs. $169.90M (-23.45%)
▫️ Non-GAAP Operating Margin: 25.10% vs. 30.00% (-4.90 pts)
▫️ Operating Cash Flow: $621.70M (FY total, +5.58%)
▫️ Revenue by Segment:
- Contractor: $246.89M (+3%)
- Industrial: $165.66M (-13%)
- Process: $136.12M (flat)

💼 Balance Sheet Highlights (vs Dec 29, 2023):

▫️ Total Assets: $3.14B vs. $2.85B (+10.18%)
▫️ Cash & Equivalents: $675.34M (+25.53%)
▫️ Inventories: $404.68M (+11.77%)
▫️ Shareholder Equity: $2.58B (+7.56%)

🔮 Future Outlook:

Graco projects low single-digit organic growth for FY25, supported by completed reorganization and stronger demand in semiconductor and Chinese markets. Focus remains on acquisitions, innovation, and geographic expansion.