Graco (NYSE: GGG ) reported earnings on Jan. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 28 (Q4), Graco met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.
Gross margins expanded, operating margins dropped, net margins grew.
Graco booked revenue of $253.7 million. The six analysts polled by S&P Capital IQ looked for revenue of $252.6 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $215.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.68. The seven earnings estimates compiled by S&P Capital IQ forecast $0.60 per share. GAAP EPS of $0.68 for Q4 were 36% higher than the prior-year quarter's $0.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.7%, 40 basis points better than the prior-year quarter. Operating margin was 22.8%, 10 basis points worse than the prior-year quarter. Net margin was 16.7%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $270.9 million. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $2.86.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Graco is hold, with an average price target of $52.14.
Looking for alternatives to Graco? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.