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Graco GGG Material Reconciling Items — Operating Income

Discontinued — last reported Q4 '17

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Other financials

Income statement

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Revenue$540.1M+2.2%
Gross profit$280.6M+1.0%
Operating income$137.8M-4.3%
Net income$118.5M-4.5%
EPS (diluted)$0.70-2.8%

Balance sheet

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Cash & equivalents$712.2M+32.8%
Total debt$51.8M+2.9%
Total equity$2.7B+10.7%
Total assets$3.3B+10.9%

Cash flow

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Operating cash flow$120.2M-4.1%
CapEx$12.1M+14.6%
Free cash flow$108.1M-5.8%

Valuation

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Market cap$12.62B0.0%
Enterprise value$11.96B-1.3%
P/E24.4×-1.4×
P/S5.6×-0.3×

Profitability

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Gross margin52.3%-0.5pp
Operating margin27.5%+0.5pp
Net margin23%+0.3pp
FCF margin28.1%+2.6pp

Returns & leverage

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Return on equity19.8%-0.5pp
Debt / equity0.0×
Current ratio3.6×-0.1×

Where this comes from

Reported directly by Graco in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Graco’s 10-K/A, filed April 23, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — operating income mean?
The net amount of corporate-level expenses or adjustments not assigned to any specific business segment.
How do you interpret material reconciling items — operating income?
An increase in losses within reconciling items typically indicates rising corporate overhead or non-recurring charges, which can compress consolidated margins. A decrease or improvement suggests better cost control at the corporate level or a reduction in one-time expenses.
How does material reconciling items — operating income compare across companies?
Most industrial peers report similar unallocated corporate expenses, often labeled as 'Corporate and Other' or 'Unallocated Expenses,' which typically scale with the size of the organization.