5 Quarterly Reports You Don’t Want to Miss

In this article, we discuss the 5 quarterly reports you don’t want to miss. If you want to read our detailed analysis of these companies, go directly to the 10 Quarterly Reports You Don’t Want to Miss.

5. Graco Inc. (NYSE:GGG)

Number of Hedge Fund Holders: 32

Shares of Graco Inc. (NYSE:GGG) rose over two percent in the after-hours trading session on Monday, January 31, 2022, after announcing its fourth-quarter profit and sales above expectations.

Graco Inc. (NYSE:GGG) reported adjusted earnings of 66 cents per share, compared to 61 cents per share in the year-ago quarter. Revenue for the quarter jumped 15 percent on a year-over-year basis to $539.6 million. The results easily exceeded the consensus forecast of 63 cents per share for earnings and $518.94 million for revenue.

Looking forward, Graco Inc. (NYSE:GGG) expects high single-digit sales growth for 2022, with positive expectations across all regions and reportable business segments.

CEO Mark Sheahan expressed his satisfaction with the latest performance, saying:

“Robust order rates continued in the fourth quarter and we ended the year with record backlog in all three segments. While we still face supply chain, logistical and inflationary challenges, we are managing these headwinds and Graco is positioned well entering the new year.”