Graco (NYSE: GGG) reported Q1 EPS of $0.74, $0.12 better than the analyst estimate of $0.62. Revenue for the quarter came in at $529.6 million versus the consensus estimate of $502.08 million.

"We are pleased with the results of the first quarter and while end market activity and demand trends for our new and existing products are solid, we remain cautious given the current uncertainty in the macroeconomic backdrop,\" said Sheahan. \"We are confirming our revenue outlook for the year of low single-digit growth on an organic, constant currency basis."

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