Graco (GGG) Misses Q2 EPS by 2c

Graco (NYSE: GGG) reported Q2 EPS of $0.48, $0.02 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $424.6 million versus the consensus estimate of $422.17 million.

Outlook

"Demand remains broad-based across products and geographies," stated McHale. "We are holding to our outlook of mid-to-high single-digit organic sales growth on a constant currency basis worldwide for the full year 2018. Although we anticipate second half pressures from tariffs, material costs and currency, we are encouraged by the strong levels of demand in many of our key end markets. As a result, we believe Graco is well positioned to deliver another record year of sales and earnings in 2018."

For earnings history and earnings-related data on Graco (GGG) click here.

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