Graco reports Q3 adjusted EPS 76c, consensus 73c

Reports Q3 revenue $539.7M, consensus $558.51M. “Graco achieved record operating earnings for the third quarter,” said Mark Sheahan, Graco’s President and CEO. “We saw softer demand in some of our key end markets that were partially offset by broad-based sales growth in the Process segment. Global construction markets weakened and the Industrial segment project business in EMEA was a headwind. Strong price realization and lower input costs led to operating margins of 30% or greater in each of our segments.”