Graco Inc Delivers Strong Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/GGG'>Graco Inc. (NYSE:GGG) </a>reported its Q4 results, with adjusted EPS coming in at $0.66, slightly better than the Street estimate of $0.63, despite margin missing estimates as favorable product and channel mix, pricing, and volumes were offset by rising costs due to supply chain issues. </p>
<p>Quarterly revenue increased 15% year-over-year to $540 million, beating the consensus estimate of $520 million. Organic sales rose 13% year-over-year (vs. Street’s 10.5%) despite tough year-over-year comps. </p>
<p>For 2022, management guided organic sales up high-single digits, which is slightly better than the Street estimate of 6% (for total sales). While supply chain challenges weighed on margins and are expected to linger into the first half of this year, management expects pricing to offset cost pressures. </p>

NYSE:GGG