Graco Targets Low Single-digit Organic Sales Growth In 2017 - Quick Facts

(RTTNews) - Graco Inc. (GGG) announced the company is initiating full-year 2017 outlook of low single-digit organic sales growth on a constant currency basis worldwide, with low single-digit growth expected in each geographic region of the world.

Patrick McHale, Graco's CEO, stated: "Graco is focused on achieving full-year sales growth in all geographic regions and reportable segments. Our Process segment experienced headwinds throughout 2016 and remains a source of caution as we enter 2017, despite easier comparables, while the outlook for our Contractor segment is for mid single-digit sales growth in 2017."