MINNEAPOLIS - Graco Inc . (NYSE:GGG), a prominent fluid handling equipment manufacturer, announced the release of the TruMix XT™, a novel system designed to mix two-component floor coatings on demand. The TruMix XT aims to enhance the efficiency of contractors by significantly reducing labor costs and minimizing the potential for costly mixing errors.
The system is reported to mix up to 120 gallons per hour and supports a wide range of ratios, from 1:1 to 6:1, ensuring versatility for various coating requirements. Graco's proprietary technologies, such as SmartSync™ Ratio Control, Xtreme Torque™ precision brushless motors, and the CrossLink™ Multi-Stage Mixing Hose, are integrated into the TruMix XT to deliver a consistent and accurate mix.
Graco Global Product Marketing Manager Ben Tollefson highlighted the benefits of the TruMix XT, stating that it liberates labor from the mix station and eradicates mix errors, which can contribute to more profitable operations and business growth for contractors. The system's on-demand mixing capability is also touted as a means to decrease material waste and optimize application time.
Additionally, the TruMix XT is equipped with a high-capacity battery, allowing for both stationary and mobile use across the work site. The system's introduction is positioned as a significant innovation for the industry, which has traditionally relied on manual, labor-intensive mixing processes that are susceptible to errors.
Graco Inc. is based in Minneapolis and offers a range of fluid and powder material management technology and expertise, serving a global clientele in various sectors, including manufacturing, processing, construction, and maintenance.
This news is based on a recent press release statement from Graco Inc. The company has not provided independent verification of the system's performance claims. For further information, interested parties are directed to Graco's official website.
InvestingPro Insights
As Graco Inc. (NYSE:GGG) continues to innovate with its release of the TruMix XT™ system, its financial health and market performance provide a backdrop for evaluating the company's growth prospects. According to recent data from InvestingPro, Graco holds a market capitalization of $15.47 billion and maintains a strong gross profit margin of 52.88% over the last twelve months as of Q4 2023. This impressive margin reflects the company's ability to efficiently manage its manufacturing and production costs, which could be further optimized by the introduction of systems like the TruMix XT™.
InvestingPro Tips indicate that Graco has raised its dividend for 18 consecutive years and has maintained dividend payments for 54 consecutive years, showcasing the company's commitment to returning value to shareholders. This consistent performance is a testament to Graco's stable financial management and long-term strategic planning. Moreover, Graco's cash flows can sufficiently cover interest payments, which is a reassuring sign for investors concerned about the company's debt levels.
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