Graco reports Q2 adjusted EPS 75c, consensus 80c

Reports Q2 revenue $559.6M, consensus $576.08M. The company said, “Graco achieved record quarterly sales and operating earnings driven by strong results in both the Process and Industrial segments. These segments experienced growth for the quarter in most major product categories and reportable regions with the exception of continued softness in Asia Pacific. Contractor performance was mixed, with declines in the home center and pro paint channels partially offset by new product introductions and growth in the pavement, protective coatings and spray foam product categories.”