Benzinga | Oct 21, 2020 04:39PM EDT

Recap: Graco Q3 Earnings

Shares of Graco (NYSE:GGG) increased 3.55% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 31.11% year over year to $0.59, which beat the estimate of $0.42.

Revenue of $439,316,000 higher by 9.68% year over year, which beat the estimate of $385,410,000.

Looking Ahead

Graco hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $66.14

Company's 52-week low was at $38.43

Price action over last quarter: Up 18.80%

Company Description

Graco is a manufacturer of equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $1.6 billion in sales and $419 million in operating income in 2019.