Graco (GGG) Tops Q2 EPS by 2c

Graco (NYSE: GGG) reported Q2 EPS of $0.62, $0.02 better than the analyst estimate of $0.60. Revenue for the quarter came in at $507.2 million versus the consensus estimate of $475.94 million.

Outlook:

"We are initiating an outlook for the full-year 2021 of mid-to-high teen sales growth on an organic, constant currency basis, with growth expected in every region and reportable segment," said Sheahan. "Demand levels in the Industrial and Process segments remain strong across major end markets and product categories. Our outlook for the Contractor segment remains positive as favorable conditions continue, however comparisons in the second half will be challenging."

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

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