Graco (NYSE: GGG) reported Q4 EPS of $0.94, $0.16 better than the analyst estimate of $0.78. Revenue for the quarter came in at $325.6 million versus the consensus estimate of $315.77 million.

"Graco achieved record performance in 2015 as a result of the efforts of our employees and channel partners around the world," said Patrick J. McHale, Graco's President and CEO. "The fourth quarter and full year 2015 were Company records for annual and fourth quarter sales, net income and diluted earnings per share. In addition, this was the Company's eighteenth consecutive quarter of record same-quarter sales."

Outlook

"Throughout 2015, we were focused on achieving our full-year outlook of mid-single digit organic sales growth on a constant currency basis worldwide, as well as growth in all geographic regions and reportable segments. With the exception of a small decline in Asia Pacific, we met our 2015 outlook," said McHale. "During the fourth quarter of 2015 our incoming orders were similar to the prior year on an organic constant currency basis, reflecting a sequential weakening in demand growth. We continue to invest for long-term growth in our new product development, geographic expansion and market expansion initiatives. As we enter 2016, we are cautiously optimistic that our growth initiatives and end market exposure will help us achieve our outlook of low single digit organic constant currency growth for the first quarter and low-to-mid single digit growth for the full year 2016. While worldwide macroeconomic conditions and currency fluctuations remain a concern, we will drive for growth in every reportable segment and geography again in 2016. At current exchange rates, unfavorable changes in foreign currency translation rates create a full-year headwind of approximately 2 percent on sales and 5 percent on net income for 2016, with the largest headwind in the first half."

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