$7.2 B

GGG Mkt cap, 04-Dec-2018

$415.9 M

Graco Revenue Q3, 2018
Graco Net income (Q3, 2018)92.7 M
Graco EBIT (Q3, 2018)114.8 M
Graco Cash, 28-Sep-2018137.6 M
Graco EV7.3 B

Graco Revenue

Graco revenue was $1.47 b in FY, 2017 which is a 10.9% year over year increase from the previous period.

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Graco Revenue Breakdown

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Graco revenue breakdown by business segment: 46.9% from Industrial, 33.1% from Contractor and 20.0% from Process

Graco revenue breakdown by geographic segment: 49.6% from Other Countries and 50.4% from United States

Graco Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1b1.2b1.3b1.3b1.5b

Revenue growth, %

11%5%3%11%

Cost of goods sold

496.6m554.4m601.8m621.1m681.7m

Gross profit

607.5m666.7m684.7m708.2m793.0m

Gross profit Margin, %

55%55%53%53%54%

Sales and marketing expense

201.9m215.3m233.5m

R&D expense

58.6m60.6m60.1m

General and administrative expense

122.2m126.5m139.0m

Operating expense total

382.6m594.4m432.6m

EBIT

279.8m308.9m302.1m113.9m360.4m

EBIT margin, %

25%25%23%9%24%

Interest expense

18.1m18.7m17.6m17.6m16.2m

Pre tax profit

288.8m315.1m474.7m96.7m347.1m

Income tax expense

78.0m89.5m129.0m56.0m94.7m

Net Income

210.8m225.6m345.7m40.7m252.4m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

277.0m290.0m322.5m302.6m306.5m335.5m319.0m304.9m348.1m327.2m340.6m379.5m379.8m406.3m830.9m415.9m

Cost of goods sold

126.2m130.7m145.7m136.8m144.3m154.9m148.8m143.1m163.0m150.6m155.3m175.5m176.3m183.9m378.6m

Gross profit

150.9m159.3m176.9m165.8m162.1m180.6m170.2m161.8m185.1m176.6m185.3m203.9m203.5m222.4m452.3m

Gross profit Margin, %

54%55%55%55%53%54%53%53%53%54%54%54%54%55%54%

R&D expense

12.5m13.2m13.4m13.8m15.3m14.9m14.8m14.7m15.6m14.7m14.5m14.9m14.8m15.3m31.4m15.7m

General and administrative expense

24.3m25.1m28.1m25.7m30.2m31.7m30.1m33.5m35.1m31.2m30.0m34.2m31.1m32.9m70.4m33.7m

Operating expense total

36.9m38.3m41.5m39.4m45.5m46.6m44.9m48.1m50.7m45.9m44.5m49.1m45.9m48.2m101.8m49.4m

EBIT

69.7m74.7m85.8m78.9m65.2m83.9m76.9m60.9m78.3m81.5m85.8m98.8m99.6m111.7m225.1m114.8m

EBIT margin, %

25%26%27%26%21%25%24%20%23%25%25%26%26%27%27%28%

Interest expense

4.5m4.6m4.7m4.6m5.3m4.1m4.0m4.5m4.5m4.4m4.1m4.2m3.9m3.2m7.1m3.6m

Pre tax profit

73.7m73.5m91.9m82.6m88.7m239.0m73.9m57.6m73.4m76.6m81.6m95.6m96.4m107.4m212.7m108.1m

Income tax expense

17.6m22.8m25.7m23.0m19.9m66.4m23.2m18.1m22.5m22.2m20.8m15.8m20.9m21.9m38.0m15.4m

Net Income

56.1m50.7m66.2m59.6m68.8m172.6m50.7m39.6m50.9m54.4m60.7m79.8m75.5m85.5m174.7m92.7m

Graco Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

19.8m23.7m52.3m52.4m103.7m

Accounts Receivable

218.4m256.4m

Inventories

133.8m159.8m202.1m201.6m239.3m

Current Assets

792.6m859.5m509.0m503.4m631.9m

PP&E

151.7m161.2m178.4m189.6m204.3m

Goodwill

190.0m292.6m394.5m259.8m278.8m

Total Assets

1.3b1.5b1.4b1.2b1.4b

Accounts Payable

34.3m39.3m40.5m40.0m48.7m

Dividends Payable

16.9m17.8m18.4m20.1m22.3m

Short-term debt

Current Liabilities

168.9m174.5m194.6m178.0m234.4m

Long-term debt

408.4m615.0m392.7m305.7m226.0m

Total Debt

408.4m615.0m392.7m305.7m226.0m

Common Stock

55.8m169.3m

Additional Paid-in Capital

347.1m384.7m398.8m453.4m499.9m

Retained Earnings

272.7m252.9m285.5m206.8m181.6m

Total Equity

634.4m596.0m635.6m573.8m723.1m

Debt to Equity Ratio

0.5 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

2.1 x2.6 x2.2 x2.2 x1.9 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

17.3m24.1m29.6m28.7m27.7m44.3m51.9m36.5m43.9m53.3m76.6m75.4m140.0m113.8m109.9m137.6m

Inventories

132.7m147.4m147.1m149.0m182.5m194.6m197.2m212.3m205.3m201.6m214.9m221.4m222.9m267.3m271.7m277.7m

Current Assets

794.8m835.4m859.5m844.5m905.3m535.1m519.9m495.8m518.2m498.2m556.6m579.7m642.4m716.2m709.3m730.8m

PP&E

149.6m156.0m159.1m159.6m168.1m171.4m172.2m184.2m189.7m190.5m191.9m193.6m199.4m207.7m215.0m220.2m

Goodwill

181.5m227.2m226.5m221.7m393.4m403.5m397.3m419.4m416.2m411.6m269.3m273.1m272.9m298.1m294.3m296.3m

Total Assets

1.3b1.4b1.5b1.4b1.8b1.4b1.4b1.4b1.5b1.4b1.3b1.3b1.4b1.5b1.5b1.5b

Accounts Payable

32.9m43.7m42.7m37.6m45.9m45.1m50.2m40.3m40.0m41.0m43.9m44.4m46.6m60.1m54.8m53.1m

Dividends Payable

15.4m16.7m16.6m16.5m17.7m17.4m17.1m18.2m18.2m18.4m20.2m20.1m20.2m22.4m22.1m22.2m

Current Liabilities

163.8m168.9m165.2m159.9m218.7m233.8m204.3m161.8m169.8m177.2m253.7m264.1m288.3m280.6m267.5m264.2m

Long-term debt

404.3m503.0m522.8m508.8m767.0m300.4m375.0m457.7m429.5m355.8m302.7m236.0m225.0m285.2m297.3m266.4m

Total Debt

404.3m503.0m522.8m508.8m767.0m300.4m375.0m457.7m429.5m355.8m302.7m236.0m225.0m285.2m297.3m266.4m

Common Stock

61.3m60.7m60.2m59.7m58.8m57.8m56.2m55.6m55.7m55.7m55.5m56.0m56.1m168.0m167.1m167.4m

Additional Paid-in Capital

334.0m364.1m368.9m374.6m398.3m399.5m396.1m422.4m435.5m440.8m481.2m493.3m504.1m515.7m505.3m513.6m

Retained Earnings

282.3m263.5m271.1m270.5m262.1m343.7m284.6m264.9m297.5m333.3m165.0m224.8m280.4m176.5m185.4m255.9m

Total Equity

601.3m642.7m653.3m646.0m616.9m712.4m636.5m636.9m676.1m711.8m567.0m651.6m720.0m727.2m711.8m796.6m

Debt to Equity Ratio

0.7 x0.8 x0.8 x0.8 x1.2 x0.4 x0.6 x0.7 x0.6 x0.5 x0.5 x0.4 x0.3 x0.4 x0.4 x0.3 x

Debt to Assets Ratio

0.3 x0.4 x0.4 x0.4 x0.4 x0.2 x0.3 x0.3 x0.3 x0.3 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x

Financial Leverage

2.2 x2.2 x2.2 x2.2 x2.9 x2 x2.2 x2.2 x2.1 x2 x2.3 x2.1 x2 x2.1 x2.1 x1.9 x

Graco Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

210.8m225.6m345.7m40.7m252.4m

Depreciation and Amortization

37.3m35.5m44.6m48.3m45.6m

Accounts Receivable

(12.0m)(27.0m)(18.3m)4.5m(28.0m)

Inventories

(10.0m)(15.0m)(34.1m)(693.0k)(32.0m)

Accounts Payable

2.4m450.0k4.3m553.0k4.6m

Cash From Operating Activities

243.1m241.3m191.4m276.0m337.9m

Purchases of PP&E

(41.7m)(42.1m)(40.2m)

Cash From Investing Activities

(31.2m)(216.7m)369.9m(90.9m)(68.5m)

Short-term Borrowings

11.2m(6.0m)(3.0m)

Long-term Borrowings

(942.9m)(735.1m)(395.6m)

Dividends Paid

(61.1m)(66.4m)(69.4m)(73.4m)(80.5m)

Cash From Financing Activities

(536.2m)(185.2m)(217.1m)

Net Change in Cash

28.6m70.0k51.3m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

166.1m50.7m117.0m176.5m68.8m241.5m292.2m39.6m90.5m144.9m60.7m140.6m216.0m85.5m174.7m267.3m

Depreciation and Amortization

27.7m9.3m18.3m27.6m10.8m22.0m33.3m12.0m24.5m36.8m11.1m22.4m33.6m12.7m23.8m35.6m

Accounts Receivable

(23.7m)(23.3m)(42.0m)(31.6m)(26.6m)(33.9m)(21.2m)3.1m(14.8m)6.1m(23.2m)(35.5m)(31.6m)(20.8m)(26.1m)(25.6m)

Inventories

(11.0m)(10.0m)(9.8m)(12.9m)(13.5m)(24.5m)(28.6m)(8.1m)(1.7m)1.6m(12.2m)(17.1m)(16.8m)(7.1m)(17.7m)(23.1m)

Accounts Payable

2.8m6.2m6.2m2.1m6.1m7.9m3.1m119.0k(34.0k)1.1m2.8m3.2m4.3m(1.7m)2.3m74.0k

Cash From Operating Activities

181.0m28.2m84.0m170.4m47.2m96.7m135.2m25.6m88.0m201.9m50.2m135.7m246.1m58.8m170.8m254.3m

Cash From Investing Activities

(9.9m)(72.0m)(82.3m)(91.0m)(192.7m)381.8m384.8m(60.8m)(74.3m)(83.0m)(17.6m)(25.5m)(40.6m)(19.8m)(38.0m)(51.7m)

Dividends Paid

(45.8m)(16.8m)(33.5m)(50.0m)(17.7m)(35.3m)(52.7m)(18.3m)(36.7m)(55.1m)(20.1m)(40.1m)(60.3m)(22.4m)(44.6m)(66.8m)

Cash From Financing Activities

(186.5m)48.2m8.9m(70.3m)148.0m(460.0m)(495.2m)20.5m(20.6m)(116.0m)(7.9m)(87.4m)(116.8m)(28.2m)(127.5m)(179.8m)

Graco Ratios

USDY, 2018

EV/EBIT

63.7 x

EV/CFO

28.8 x

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x
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Graco Employee Rating

4.2101 votes
Culture & Values
4.4
Work/Life Balance
4.2
Senior Management
4.0
Salary & Benefits
4.4
Career Opportunities
4.2
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