What is Graco's process — goodwill, impairment loss?

Graco (GGG) reported process — goodwill, impairment loss of $1.95M in Q4 2023.

What does process — goodwill, impairment loss mean?

A reduction in the recorded value of goodwill due to a decline in the expected future value of past acquisitions.

How do you interpret process — goodwill, impairment loss?

An impairment loss is a negative signal, suggesting that previous acquisitions are underperforming or market conditions have deteriorated.

How does process — goodwill, impairment loss compare across companies?

Standard accounting adjustment for all companies that carry goodwill on their balance sheets.

Graco GGG Process — Goodwill, Impairment Loss

Discontinued — last reported Q4 '23

Similar metrics at other companies

TKRProcess Industries — Goodwill Impairment

$0—

CPAYOther — Goodwill, Impairment Loss

$0-100%

PPGPerformance Coatings Segment — Goodwill, impairment loss

$39.5M+295%

DOWPerformance Materials & Coatings — Goodwill, Impairment Loss

$0—

RPMSpecialty Products Group — Goodwill Impairment

$2.85M—

RRXOperating Segments — Goodwill Impairment

$19.98M-33.1%

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

See full

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

See full

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

See full

Gross margin52.3%-0.5pp

Operating margin27.5%+0.5pp

Net margin23%+0.3pp

FCF margin28.1%+2.6pp

Returns & leverage

See full

Return on equity19.8%-0.5pp

Debt / equity0×0.0×

Current ratio3.6×-0.1×

Where this comes from

Reported directly by Graco in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Graco’s 10-K, filed February 18, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Graco's process — goodwill, impairment loss?: Graco (GGG) reported process — goodwill, impairment loss of $1.95M in Q4 2023.
What does process — goodwill, impairment loss mean?: A reduction in the recorded value of goodwill due to a decline in the expected future value of past acquisitions.
How do you interpret process — goodwill, impairment loss?: An impairment loss is a negative signal, suggesting that previous acquisitions are underperforming or market conditions have deteriorated.
How does process — goodwill, impairment loss compare across companies?: Standard accounting adjustment for all companies that carry goodwill on their balance sheets.