GRACO INC shareholders Q3 2023

About GRACO INC

Graco Inc: A Leading Manufacturer of Fluid Handling Equipment

Graco Inc is a leading manufacturer of fluid handling equipment that serves a wide range of industries, including automotive, construction, and manufacturing. The company was founded in 1926 and is headquartered in Minneapolis, Minnesota.

Graco's product portfolio includes pumps, spray guns, and other equipment used for the handling of fluids such as paints, coatings, and adhesives. The company's products are known for their reliability, durability, and efficiency, making them a popular choice among professionals in various industries.

One of Graco's key strengths is its commitment to innovation. The company invests heavily in research and development to create new products that meet the evolving needs of its customers. For example, Graco recently introduced the Pro Xp electrostatic spray gun, which uses advanced technology to provide superior finish quality and reduce material waste.

Graco's strong financial performance is another reason why investors are drawn to the company. In 2020, the company reported net sales of $1.5 billion and a net income of $246 million. Graco's stock has also performed well, with a 5-year total return of 139.5%.

Overall, Graco Inc is a well-established and respected player in the fluid handling equipment industry. With a commitment to innovation and a strong financial track record, the company is well-positioned for continued success in the years to come.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.