Graco Inc. (GGG) CEO Mark Sheahan on Q3 2021 Results - Earnings Call Transcript

Oct. 21, 2021 3:45 PM ETGraco Inc. (GGG) StockGGG
SA Transcripts
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Q3: 2021-10-20 Earnings Summary

EPS of $0.57 misses by $0.06
 | Revenue of $486.70M (10.78% Y/Y) misses by $3.57M

Graco Inc. (NYSE:GGG) Q3 2021 Earnings Conference Call October 21, 2021 11:00 AM ET

Company Participants

Kathy Schoenrock - EVP and Corporate Controller
Mark Sheahan - President and CEO
David Lowe - CFO

Conference Call Participants

Saree Boroditsky - Jefferies
Andrew Buscaglia - Berenberg
Joe Ritchie - Goldman Sachs
Matt Summerville - D.A. Davidson
Bryan Blair - Oppenheimer
Jeff Hammond - KeyBanc Capital
Deane Dray - RBC Capital Markets
Mike Halloran - Baird
Walt Liptak - Seaport Global Securities

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 1855-859-2056 within the United States or Canada. The dial-in number for international callers is 404-537-3406. The conference ID number is 9251859. The replay will be available through 2:00 PM Eastern Time, Thursday, October 28, 2021.

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 the conference up 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 2020 Annual Report on Form 10-K and in Item 1A of the company's most recent Quarterly Report on Form 10-Q. These 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 the management's current views and speak only as of the time they are

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