Graco Inc. is a publicly traded manufacturing company headquartered in Minneapolis, Minnesota, USA. The company was founded in 1926 by Russell Gray and Leil Gray, who initially started producing lubricating pumps for automobiles. Today, Graco is a leading manufacturer of fluid handling systems and components used in a wide range of industries such as automotive, construction, food and beverage, and healthcare.
Graco's products include pumps, spray equipment, dispensing systems, and related accessories. These products are used for spraying and dispensing materials such as paint, coatings, adhesives, lubricants, and sealants. Graco also offers consulting and training services to its customers, helping them to optimize their production processes and improve efficiency.
Graco went public in 1969, and its shares are traded on the New York Stock Exchange under the ticker symbol GGG. As of April 18, 2023, the company had a market capitalization of approximately $14.7 billion. In its most recent fiscal year, which ended on December 31, 2022, Graco reported net sales of $1.9 billion and net income of $427 million. The company has a strong balance sheet, with cash and cash equivalents of $822 million and total debt of $80 million.
Graco has a global presence, with operations in North America, Europe, Asia-Pacific, and Latin America. The company has a diverse customer base, ranging from small businesses to large multinational corporations. Graco's success is driven by its focus on innovation, quality, and customer service. The company invests heavily in research and development, and its products are known for their reliability, durability, and performance.