GRACO INC. FILES 8-K ON FY2023 RESULTS OF OPERATIONS
Ticker: GGG · Form: 8-K · Filed: Jan 29, 2024 · CIK: 42888
| Field | Detail |
|---|---|
| Company | Graco Inc (GGG) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, 8-K, corporate-update
TL;DR
**Graco Inc. just dropped an 8-K on its 2023 financial results, so get ready for the numbers.**
AI Summary
Graco Inc. filed an 8-K on January 29, 2024, to report on its results of operations and financial condition for the fiscal year 2023. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the company's health and future prospects. For shareholders, this matters because it offers transparency into how the company performed financially, influencing stock valuation and future investment decisions.
Why It Matters
This filing provides investors with an official update on Graco Inc.'s financial performance for the past fiscal year, which is essential for assessing the company's profitability and stability. Understanding these results helps shareholders make informed decisions about holding or selling their stock.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, which generally carries a low risk as it provides transparency rather than signaling an adverse event.
Analyst Insight
A smart investor would review the detailed financial statements and results once they are fully released to understand the specifics of Graco Inc.'s 2023 performance and how it aligns with their investment thesis.
Key Numbers
- 2023 FY — Fiscal Year Reported (The period for which results of operations and financial condition are being reported.)
- January 29, 2024 — Filing Date (The date the 8-K was filed with the SEC, indicating when the information became public.)
Key Players & Entities
- Graco Inc. (company) — the registrant filing the 8-K
- The New York Stock Exchange (company) — where Graco Inc.'s Common Stock (GGG) is registered
- January 29, 2024 (date) — date of earliest event reported and filing date
- 001-09249 (dollar_amount) — Commission File Number for Graco Inc.
Forward-Looking Statements
- Graco Inc. will likely release its full 2023 annual report (10-K) soon, providing more detailed financial figures. (Graco Inc.) — high confidence, target: Q1 2024
FAQ
What is the primary purpose of Graco Inc.'s 8-K filing on January 29, 2024?
The primary purpose of Graco Inc.'s 8-K filing on January 29, 2024, is to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' for the 2023 fiscal year, as indicated by the 'ITEM INFORMATION' sections.
What is Graco Inc.'s trading symbol and on which exchange is it registered?
Graco Inc.'s trading symbol is GGG, and its Common Stock is registered on The New York Stock Exchange, as stated under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the business address of Graco Inc. as listed in the filing?
The business address of Graco Inc. is 88 – 11th Avenue Northeast, Minneapolis, Minnesota 55413, according to the 'BUSINESS ADDRESS' section of the filing.
What is the Central Index Key (CIK) for Graco Inc.?
The Central Index Key (CIK) for Graco Inc. is 0000042888, as found in the 'COMPANY DATA' section of the filing.
Does Graco Inc. identify as an emerging growth company in this filing?
No, Graco Inc. does not identify as an emerging growth company, as indicated by the unchecked boxes under 'Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions' and the absence of a checkmark for 'emerging growth company'.
Filing Stats: 426 words · 2 min read · ~1 pages · Grade level 10.4 · Accepted 2024-01-29 16:12:34
Filing Documents
- ggg-20240129.htm (8-K) — 30KB
- ggg12292023exhibit991q4.htm (EX-99.1) — 335KB
- image0a02a.jpg (GRAPHIC) — 4KB
- image1a02a.jpg (GRAPHIC) — 34KB
- 0000042888-24-000003.txt ( ) — 571KB
- ggg-20240129.xsd (EX-101.SCH) — 2KB
- ggg-20240129_lab.xml (EX-101.LAB) — 25KB
- ggg-20240129_pre.xml (EX-101.PRE) — 13KB
- ggg-20240129_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition On January 29, 2024, Graco Inc. issued a press release to report the Company's results of operations and financial condition for the year ended December 29, 2023. A copy of this press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press Release dated January 29, 2024 104 Cover Page Interactive Data File (included within the Inline XBRL document). Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: January 29, 2024 GRACO INC. By: /s/ Joseph J. Humke Joseph J. Humke Its: Executive Vice President, General Counsel and Corporate Secretary