Graco says working to mitigate impact of tariff policy

The company states: “We are actively working to mitigate the impact of changes in tariff policies, particularly those affecting our business in China, which represents approximately 6% of our global sales. In addition, materials sourced from China for use in our U.S. manufacturing operations represent about 6% of our global production cost. We are maintaining our full year revenue guidance of low-single digit growth on an organic constant currency basis. Evolving trade policies and tariffs with China have created economic uncertainty that could negatively impact our full-year revenue guidance by approximately 1% to 2%. We are closely monitoring developments and will adjust our strategy if necessary. Despite these near-term challenges, Graco (GGG) remains strongly positioned for long-term success as we continue to execute our proven growth strategies and invest in our business.”