Graco Inc at Gabelli Pump, Valve & Water Systems Virtual Symposium Transcript

Feb 24, 2022 / 06:00PM GMT
Unidentified Analyst -

Next up, we have Graco. Graco manufactures highly engineered fluid handling equipment that measures mixes control expenses and sprays fluids for construction and industrial markets worldwide.

Joining us today from Graco's Director of Treasury and Investor Relations, Chris Knutson. Chris joined Graco in 2008 and has held various financial positions, including Regional Controller for Asia Pacific and Directory of Treasury and Regional Controller for South and Central America. Graco has about 170 million shares outstanding, stock trades around $70 per share for $11.9 billion market cap, a little over $400 million of net cash for $11.5 billion total enterprise value.

Chris, thank you for joining us today, and I will turn it over to you for some introductory remarks.

Christopher Knutson -

Thank you for having me today. Looking forward to the conversation. Graco, as you gave the introduction, is a global company that is off to a good start to the year. We ended 2021 at our highest growth in all of our key segments, including worldwide. We did

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