Graco reports Q1 EPS 70c, consensus 67c

Reports Q1 revenue $528.3M, consensus $523.0M. “Sales were up 7 percent in the first quarter with growth in all segments and regions,” said Mark Sheahan, Graco’s (GGG) President and CEO. “Organic growth was strong in both the Industrial and Expansion Markets segments as activity in industrial and semiconductor end markets improved during the quarter. In the Contractor segment, Corob contributed 6% growth and is performing in line with our expectations.”