Graco Reports Record Q2 Sales and Earnings with Strong Segment Performance
Graco Inc. (NYSE: GGG) reported record second-quarter sales of $591 million and adjusted earnings per share (EPS) of $0.91, representing a 17% year-over-year increase in profitability. The company attributed the strong performance to higher pricing, improved manufacturing efficiency, tariff refunds, and disciplined expense management across its three business segments: Contractor, Industrial, and Expansion Markets. All segments showed growth with notable improvements in backlog and orders. Organic order volume rose by 5%, while the six-week booking average increased 14% year-over-year. The company's backlog grew by $57 million (28%) since January 1, excluding acquisitions. Graco also maintained its full-year guidance for fiscal 2026 and provided third-quarter revenue guidance of between $580 million to $600 million. The pending acquisition of Valco Melton is expected to further support growth in the second half of the year.
Tickers: $GGG
Topics: Acquisition Backlog Earnings Margins Revenue Growth