Graco (GGG) Reports In-Line Q2 EPS; lowers guidance

Graco (NYSE: GGG) reported Q2 EPS of $0.77, in-line with the analyst estimate of $0.77. Revenue for the quarter came in at $553.2 million versus the consensus estimate of $562.09 million.

OUTLOOK

“Given the slow first half of the year in both our Industrial and Process segments, we are lowering our full-year 2024 worldwide outlook to low single-digit sales decline on an organic, constant currency basis,” stated Sheahan. “While overall economic conditions are challenging, particularly in Asia Pacific, Graco is well-positioned for the long term as we continue to pursue our proven growth strategies and invest in our businesses.”

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

You May Also Be Interested In

• HSBC Downgrades China Power International (2380:HK) (CPWIF) to Hold
• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Kotak Upgrades Narayana Hrudayalaya Ltd (NARH:IN) to Buy (1)