Key Takeaways From Graco’s CEO Meeting
<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/GGG'>Graco Inc. (NYSE:GGG)</a> CEO meeting on June 23. The analysts believe the company remains well positioned in a risk-off market as a high-quality industrial, with a high market share, and high ROIC.</p>
<p>According to the analysts, the demand environment remains strong, but the operating environment continues to be a challenge due to supply chain constraints and inflationary pressures.</p>
<p>Consistent with Q1/22 commentary, the company expects Contractor could be the first to slow, given interest rate sensitivity with housing. According to the analysts, the company expressed confidence in its time-tested annual pricing strategy. Despite having the “high-quality problem” of net cash, the company is staying disciplined in M&A.</p>

NYSE:GGG