Graco Inc. engages in designing, manufacturing and marketing equipment and systems used to measure, move, control, spray and dispense fluid as well as powder materials.
This manufacturing company is based in Minneapolis, MN and was founded in 1926. The products offered by the company are produced in the United States, Italy, the U.K., Belgium, Switzerland, China and Romania.
The products are mainly sold through the company's authorized distribution centers to customers in Asia Pacific, North, Central and South America (the Americas), and Europe, Middle East and Africa (EMEA). In the first quarter of 2021, sales generated from the Americas accounted for 58.4% of the company’s total sales. On the other hand, sales from the EMEA represented 24.2% and that from the Asia Pacific accounted for 17.4% of the company’s quarterly sales.
Graco reports its results in terms of three operating segments, including Industrial, Process and Contractor. A brief description on the segments are provided below:
Industrial (40.7% of total revenues in the first quarter of 2021) segment includes Applied Fluid Technologies and Industrial Products divisions. The company provides pre-engineered and equipment packages for paints, sealants, coatings, adhesives and other fluids under this segment.
End markets served include wood and metal products, autiomotive and vehicle assembly, components production, aerospace, construction, farm, rail, marine, recreational vehicles and others.
Process (20.1% of total revenues in the first quarter of 2021) segment includes Oil and Natural Gas, Process and Lubrication divisions. The company provides valves, pumps, accessories, and meters to dispense and move chemicals, wastewater, oil and natural gas, petroleum, lubricants, food and other fluids under this segment.
End-markets served include service garages, food and beverage, fleet service centers, dairy, pharmaceutical, oil and natural gas, semiconductor, cosmetics, industrial lubrication, electronics, fast oil change facilities, mining, wastewater, automobile dealerships and others.
Contractor (39.2% of total revenues in the first quarter of 2021) segment provides sprayers. These sprayers are used to paint structures like walls and other product models.