Graco Reports First Quarter Results
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Graco (GGG) Misses Q1 EPS by 6c, Revenues Miss; Withdraws FY20 Revenue Guidance for Remainder of the Year
April 22, 2020 4:13 PM EDTGraco (NYSE: GGG) reported Q1 EPS of $0.38, $0.06 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $373.6 million versus the consensus estimate of $391.35 million.
Sales decreased 8 percent, with double-digit percentage declines in the Industrial segment and in the EMEA and Asia Pacific regions.Gross margin rate remained relatively strong as favorable realized pricing mostly offset the... More