Sales Increase
Graco reported second quarter sales of $572 million, an increase of 3% from the second quarter of last year.
Cash Flow Improvement
Cash provided by operations totaled $308 million for the year, an increase of $50 million or 19%. Cash flow from operations less capital expenditures increased $93 million or 51% for the year-to-date.
Successful Inventory Management
Improved inventory management from consolidating operations under One Graco contributed to cash flow improvements.
Expansion in Global Markets
EMEA and Asia Pacific grew in all segments, including the semiconductor market and in China.
Acquisition of Color Service
Graco announced the acquisition of Color Service, expanding into specialized automatic precision dosing systems.