Graco Inc. Unveils Unaudited Financial Insights as Company Prepares for New Reporting Segments
MINNEAPOLIS Graco Inc. (NYSE: GGG), a prominent manufacturer in the fluid handling equipment sector, has unveiled unaudited supplemental financial information that reflects its strategic shift in organizational structure. The information is available on the For Investors page of the company s website at www.graco.com.
This transition comes as part of a broader move to refine its business operations as Graco prepares to reclassify its segments effective January 1, 2025. The new structure will categorize the company’s activities into three distinct reportable segments: Contractor, Industrial, and Expansion Markets.
“As we continue to evolve and position ourselves for future growth, it is crucial to align our reporting structure with our operational strategy,” said Graco CEO, Mark Sheahan. “The changes will enhance transparency and provide our investors with a clearer, more detailed view of our business performance.”
The Contractor segment is expected to focus on the needs and services for clients in the construction and home improvement sectors. The Industrial segment will cater to a broad range of businesses in manufacturing and processing, while the Expansion Markets segment is aimed at tapping into new growth opportunities in emerging markets.
Investors and stakeholders can now access the supplemental information that allows for a recasting of Graco s historical financials, facilitating a better understanding of the company’s performance in light of the forthcoming segmentation.
These adjustments are anticipated to not only streamline Graco’s operations but also provide stakeholders with a more precise framework for assessing each segment’s contributions to the company’s overall growth strategy.
As Graco moves forward with this new reporting structure, it is poised to capitalize on market opportunities and strengthen its position as a leader in fluid handling technologies.
For more information, visit Graco s For Investors page at www.graco.com.
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