Graco (NYSE: GGG) reported Q3 EPS of $0.50, $0.04 better than the analyst estimate of $0.46. Revenue for the quarter came in at $415.9 million versus the consensus estimate of $404.89 million.

“Growth in sales and improved profitability in our Process segment contributed nicely to our results in the quarter,” said Patrick J. McHale, Graco\'s President and CEO. “The Industrial and Contractor segments also posted solid revenue gains over difficult comparisons from a year ago. Although planned investments in product development and unfavorable product mix weighed on Contractor segment profitability, sales growth in all segments and regions produced positive leverage in worldwide operating earnings.”

Outlook

“With the exception of EMEA, underlying demand in our key end markets and geographies remains solid, and we confirm our full-year outlook of mid-to-high single-digit organic sales growth on a constant currency basis for the full year 2018,” stated McHale. “While we expect to face headwinds from tariffs, material costs and currency translation in the fourth quarter, we still believe we are well positioned to deliver another year of record sales and earnings in 2018.”

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