Graco Inc. (GGG) CEO Mark Sheahan on Q1 2022 Results - Earnings Call Transcript

Apr. 29, 2022 5:39 PM ETGraco Inc. (GGG) StockGGG
SA Transcripts
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Q1: 2022-04-27 Earnings Summary

EPS of $0.57 misses by $0.03
 | Revenue of $494.29M (8.84% Y/Y) misses by $9.03M

Graco Inc. (NYSE:GGG) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET

Company Participants

Kathy Schoenrock - Executive Vice President, Corporate Controller & Information Systems
Mark Sheahan - President & Chief Executive Officer
David Lowe - Chief Financial Officer

Conference Call Participants

Deane Dray - RBC Capital Markets
Mike Halloran - Baird
Matt Summerville - D.A. Davidson
Jeff Hammond - KeyBanc Capital Market
Andrew Buscaglia - Berenberg
Thomas Johnson - Morgan Stanley

Operator

Good morning, and welcome to the first quarter conference call for Graco Inc. If you wish to access the replay for this call you may do so by dialing 1-855-859-2056 within United States or Canada. The dial-in number for international callers is 404-537-3406. The conference ID number is 2464642. The replay will be available through 2:00 PM Eastern time Thursday May 5, 2022. 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 purpose 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 2021 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 management's current views and speak only of the time they are made. The company undertakes no obligation to update these

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