Graco EBIT

: $519 Mil (TTM As of Mar. 2022)

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Graco's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $128 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $519 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Graco's annualized ROC % for the quarter that ended in Mar. 2022 was 25.72%. Graco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 56.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Graco's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 4.93%.

Graco EBIT Historical Data

The historical data trend for Graco's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Graco Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

363.30

425.15

418.99

385.93

518.68

Graco Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
EBIT																128.17	134.28	124.26	131.98	128.21

Graco EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $519 Mil.

Graco (NYSE:GGG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Graco's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

	ROC % (Q: Mar. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Mar. 2022 ))	/ count )
=	513.452 * ( 1 - 17.96% )	/	( (1561.168	+	1714.684)	/ 2 )
=	421.2360208	/	1637.926
=	25.72 %

where

	Invested Capital		(Q: Dec. 2021 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2443.198	-	257.728	-	( 624.302	-	max(0, 506.792	-	1363.621	+	624.302	))
=	1561.168

	Invested Capital		(Q: Mar. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2319.445	-	224.274	-	( 380.487	-	max(0, 402.313	-	1197.22	+	380.487	))
=	1714.684

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Graco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Mar. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	512.84	/	( ( (481.107 + max(360.112, 0))	+	(519.033 + max(464.029, 0)) )	/	2 )
=	512.84	/	( ( 841.219	+	983.062 )	/	2 )
=	512.84	/	912.1405
=	56.22 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(325.132	+	382.301	+	31.886)	-	(257.728	+	60.554	+	60.925)
=	360.112

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(339.407	+	436.741	+	40.585)	-	(224.274	+	66.668	+	61.762)
=	464.029

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Graco's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2022 )
	=	518.725	/	10517.620
	=	4.93 %

Graco EBIT Related Terms

Thank you for viewing the detailed overview of Graco's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Graco Business Description

Industry

Industrials » Industrial Products NAICS : 333249 SIC : 3561

Comparable Companies

NYSE:AOS NAS:NDSN NYSE:PNR NYSE:RRX NAS:MIDD NYSE:LII NYSE:IEX NYSE:HWM NYSE:GTLS NYSE:DCI XTER:SIE NYSE:GE XKRX:373220 XPAR:SU NYSE:ITW NYSE:ETN NYSE:EMR OSTO:ATCO A NYSE:ROP TSE:6594

Traded in Other Exchanges

GA8:Germany GA8:Germany

Address

88-11th Avenue Northeast, Minneapolis, MN, USA, 55413

Website

https://www.graco.com

Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2 billion in sales and $531 million in operating income in 2021.

Executives

Zumbolo Brian J	officer: President, Asia Pacific	PO BOX 1441 MINNEAPOLIS MN 55440-1441
Gallivan Karen Park	officer: Executive Vice President	P O BOX 1441 MINNEAPOLIS MN 55440-1441
Wheeler Kevin J.	director	A. O. SMITH CORPORATION 500 TENNESSEE WALTZ PARKWAY ASHLAND CITY TN 37015
Van Sant R William	director	PO BOX 1441 MINNEAPOLIS MN 55440-1441
Eugster Jack W	director	PO BOX 1441 MINNEAPOLIS MN 55440-1441
Etchart Eric	director	ROOM F, 22F CROSS REGION PLAZA 899 LINGLING ROAD SHANGHAI F4 200030
White Emily	director	C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7
Morfitt Martha A M	director	P.O. BOX 1441 MINNEAPOLIS MN 55440-1441
Mitau Lee R	director	P O BOX 1441 MINNEAPOLIS MN 55440-1441
Feragen Jody H	director	1 HORMEL PLACE AUSTIN TX 55912
Gilligan J Kevin	director	P O BOX 1441 MINNEAPOLIS MN 55440-1441
White Timothy R	officer: President, White Knight, QED	88 11TH AVENUE NE MINNEAPOLIS MN 55413
Johnson Dale D	officer: President, Worldwide CED	P.O. BOX 1441 MINNEAPOLIS MN 5440-1441
Chambers Caroline M	officer: President, EMEA	PO BOX 1441 MINNEAPOLIS MN 55440-1441
Wordell Angela F	officer: EVP, Operations, President ONG	88 11TH AVENUE NE MINNEAPOLIS MN 55413

Graco Headlines

From GuruFocus

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By insider 02-18-2021

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By insider 02-05-2021

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Graco EBIT

Graco EBIT Historical Data

Graco EBIT Calculation

Graco EBIT Related Terms

Graco Business Description

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