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AI brief of an SEC Form 8-K · Graco (GGG)

Graco Q4 sales up 2%, operating earnings up 11%; GAAP EPS $0.64 hit by pension charge

Mixed Impact 3 of 5 earnings Written later

Graco reported record fourth-quarter and full-year 2023 sales and operating earnings, with net sales up 2% for the quarter to $566.6 million. A $42 million non-cash pension settlement loss cut fourth-quarter GAAP diluted earnings per share to $0.64 from $0.74, although adjusted EPS rose to $0.80 from $0.73. The company also initiated 2024 revenue guidance of low single-digit growth on an organic, constant currency basis.

Key points

  • Q4 net sales were $566.6 million, up 2%; full-year net sales were $2.2 billion, up 2%.
  • Q4 net earnings were $110.0 million, down 13%, after a $42 million non-cash pension settlement loss; GAAP diluted EPS was $0.64 versus $0.74.
  • Adjusted Q4 diluted EPS rose to $0.80 from $0.73; full-year GAAP diluted EPS was $2.94, up 11%.
  • For 2024, Graco initiated revenue guidance of low single-digit growth on an organic, constant currency basis.

The filing

CompanyGraco (GGG)
Form8-K, current report
Filed with the SECJan 29, 2024, 4:12 PM ET
Accession number0000042888-24-000003

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 29, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.