Graco Inc. Provides Revenue Guidance for the Full Year of 2021
January 25, 2021 at 04:17 pm EST
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Graco Inc. provided revenue guidance for the full year of 2021. The company expects challenging end market conditions to remain in place for at least the first half in many of company's end markets as lockdowns continue. As a result, the outlook for the Contractor segment remains positive as favorable conditions continue, and demand for company's products is solid across major end markets and product categories.
Graco Inc. is a manufacturing company. It supplies technology and expertise for the management of fluids and coatings in industrial and commercial applications. It operates through three segments: Contractor, Industrial and Process. Contractor segment offers sprayers that apply paint to walls and other structures, with product models for users ranging from do-it-yourself homeowners to professional contractors. It also manufactures two-component proportioning systems that are used to spray polyurethane foam (spray foam) and polyurea coatings. Industrial segment includes the Industrial and Powder divisions. The Industrial segment markets equipment and solutions for moving and applying paints, coatings, sealants, adhesives and other fluids. Process segment includes the Process and Lubrication divisions. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants and other fluids.
GRACO INC. 
