Materiality pending
Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
- Graco Inc. missed earnings and sales expectations in the first quarter of 2024. - Decreases in net sales were seen across all segments, notably by 16% in Asia Pacific. - Operating income and margin were both down, while interest expenses also decreased. - Graco expects low single-digit organic revenue growth for 2024. - IDEX Corporation and A. O. Smith Corporation also reported decreases in earnings. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Graco Inc. missed earnings and sales expectations in the first quarter of 2024.
- Decreases in net sales were seen across all segments, notably by 16% in Asia Pacific.
- Operating income and margin were both down, while interest expenses also decreased.
- Graco expects low single-digit organic revenue growth for 2024.
- IDEX Corporation and A. O. Smith Corporation also reported decreases in earnings.
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