Graco Inc. announced that Sanjiv Gupta will become the company’s Chief Financial Officer and Treasurer, effective April 15, 2026. Gupta joins Graco from General Motors, where he served as Vice President and Chief Financial Officer of GM International and held senior finance roles in India and at the corporate level.
The transition follows the retirement of long‑time CFO David M. Lowe, who stepped down on February 27, 2026. Lowe’s tenure as CFO and Treasurer ended on April 15, 2026, and he will remain available to assist with the transition through the end of May 2026, ensuring continuity in financial leadership.
Graco’s most recent quarterly results, released on January 26, 2026, showed Q4 2025 revenue of $593.2 million, up 8.11% year‑over‑year, and diluted earnings per share of $0.79, a 25.4% increase. The company beat earnings expectations by $0.02 per share, largely due to strong performance in the Industrial segment and effective cost control that offset higher product and tariff costs. Gross margin improved by 80 basis points year‑over‑year, driven by price realization that more than offset the 1‑percentage‑point decline in gross profit margin caused by higher product costs and tariff expenses.
Segment‑level analysis reveals that the Contractor segment accounted for roughly 48% of total sales, the Industrial segment for about 45%, and the Expansion Markets segment for around 7%. In Q4 2025, the Industrial segment led growth with sales up 11%, while the Contractor segment grew 8% and Expansion Markets declined 6%. These mix shifts contributed to the overall revenue increase and margin improvement.
CEO Mark W. Sheahan said, “Sanjiv has an established track record of leading global finance and commercial teams. He brings a deep understanding of the manufacturing industry, including an important end market served by Graco. I am excited for Sanjiv to leverage his finance and operational experiences to help accelerate our strategies to inflect top‑line growth.” Sheahan also noted that Lowe’s retirement will be a smooth transition, citing Lowe’s long‑term leadership and professionalism.
Gupta’s compensation package includes an annual base salary of $575,000, a bonus target of 75%, a sign‑on bonus, and equity awards in the form of stock options and restricted stock units. The package reflects Graco’s commitment to aligning executive incentives with long‑term shareholder value.
Graco has issued 2026 guidance that anticipates low single‑digit organic sales growth on a constant‑currency basis and mid‑single‑digit growth when acquisitions are included. Management described the outlook as “cautious but confident,” signaling that while the company expects modest revenue expansion, it remains focused on disciplined cost management and strategic acquisitions to drive long‑term value.
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