Graco (NYSE: GGG), Minneapolis, MN, reported sales for 2016 of $1.3 billion, a 3 percent increase year-over-year. Profit fell 88 percent to $40.7 million.
For the fourth quarter, the company reported sales of $349.1 million, a 7 percent increase from the same period a year ago. The company reported a loss of $104.2 million for the quarter, compared to a profit of 53.5 million the prior year.
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