Graco Inc. (GGG) CEO Patrick McHale on Q3 2019 Results - Earnings Call Transcript

Oct. 24, 2019 5:04 PM ETGraco Inc. (GGG) StockGGG
SA Transcripts
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Q3: 2019-10-23 Earnings Summary

EPS of $0.45 misses by $0.06
 | Revenue of $400.56M (-3.70% Y/Y) misses by $18.38M

Graco Inc. (NYSE:GGG) Q3 2019 Earnings Conference Call October 24, 2019 11:00 AM ET

Company Participants

Caroline Chambers - Executive Vice President, Corporate Controller and Information Systems
Patrick McHale - President and Chief Executive Officer
Mark Sheahan - Chief Financial Officer and Treasurer

Conference Call Participants

Matt Summerville - D.A. Davidson & Co.
Saree Boroditsky - Jefferies LLC
Jeffrey Hammond - KeyBanc Capital Markets
Joseph Ritchie - Goldman Sachs & Co., LLC
Deane Dray - RBC Capital Markets
Walter Liptak - Seaport Global Securities, LLC
Bryan Blair - Oppenheimer & Co. Inc.

Operator

Good morning and welcome to the Third Quarter Conference Call for Graco Inc. If you wish to access the replay for this call, you may do so by dialing 1-888-203-1112 within the United States or Canada. The dial-in number for International Callers is 719-457-0820. The conference ID number is 9444495. The replay will be available through 2:00 PM Eastern Time on Monday, October 28, 2019.

Graco has additional information available in a PowerPoint slide presentation, which is available as part of the webcast player. At the request of the company, we will open up the conference for questions and answers after the opening remarks from management.

During this call, various remarks may be made by management about their expectations, plans and prospects for the future. These remarks constitute forward-looking statements for the purposes of the safe harbor provisions of the Private Securities Litigation Reform Act.

Actual results may differ materially from those indicated as a result of various risk factors, including those identified in Item 1A of the company’s 2018 Annual Report on Form 10-K and in Item 1A of the company’s most recent Quarterly Report on Form 10-Q.

Those reports are available on the company’s website at www.graco.com and the SEC’s website at www.sec.gov. Forward-looking statements reflect

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