Graco (GGG) Tops Q3 EPS by 17c

Graco (NYSE: GGG) reported Q3 EPS of $0.59, $0.17 better than the analyst estimate of $0.42. Revenue for the quarter came in at $439.3 million versus the consensus estimate of $385.41 million.

“Strong performance by our Contractor segment, particularly in the Americas, drove our sales growth in the third quarter,” stated Patrick J. McHale, Graco\'s President and CEO. “Demand was robust in both the professional paint and home center channels and resulted in record quarterly sales. We continued to see weakness in the Industrial and Process segments throughout the quarter, although the declines were not as severe as the second quarter.”

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

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