Graco (GGG) Misses Q2 EPS by 4c, provides outlook

Graco (NYSE: GGG) reported Q2 EPS of $0.75, $0.04 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $571.8 million versus the consensus estimate of $590.74 million.

Outlook

\"Component costs have risen due to tariffs introduced this quarter,\" said Sheahan. \"To help offset these higher costs, we will implement a targeted price increase beginning in September. Although the timing of this action differs from our usual approach, it is a necessary response to the current trade environment facing industrial manufacturers and should help mitigate the effects of the tariffs. This pricing decision, along with our upcoming new product launches and the steady order rates we saw throughout the quarter, gives us confidence in our previous guidance for the rest of the year. We are maintaining our 2025 revenue outlook of low single-digit sales growth on an organic constant-currency basis.\"

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

You May Also Be Interested In

• American Express down 2% in premarket trade after Q2 revenue miss offsets EPS beat
• Community West Bancshares (CWBC) Misses Q2 EPS by 20c
• World Acceptance (WRLD) Tops Q1 EPS by 168c