Graco (GGG) Tops Q1 EPS by 29c, Beat on Revenue; Raising FY17 Outlook to Mid Single-Digit Organic Sales Growth

Graco (NYSE: GGG) reported Q1 EPS of $1.05, $0.29 better than the analyst estimate of $0.76. Revenue for the quarter came in at $340.6 million versus the consensus estimate of $315.62 million.

Outlook

"Demand in the first quarter was broad-based across products and geographies and exceeded our expectations," stated McHale. "We are raising our full-year 2017 outlook to mid single-digit organic sales growth on a constant currency basis worldwide, from a prior outlook of low single-digit growth. We expect to achieve mid single-digit growth in each geographic region in 2017."

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

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