Graco Inc. (GGG) reported that its fourth-quarter net income increased to $17.23 million or $0.28 per share from $10.08 million or $0.17 per share last year.
On average, 8 analysts polled by Thomson Reuters expected the company to report profit of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased to $146.31 million from $166.69 million a year ago. Analysts expected revenue of $144.01 million for the quarter.
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