Graco

Q2 FY2026 EarningsQ2 FY26 results were mixed: revenue missed consensus at $590.6M vs. $608.0M expected, down 3% vs. mean estimates. However, profitability showed resilience with adjusted EPS of $0.91 exceeding the $0.81 consensus. This beat was primarily driven by a gross margin expansion to 53.7% (vs. 52.9% expected), aided by a $9M one-time tariff refund. Contractor segment performance was a highlight with 30% operating margins, while Industrial organic sales faced a 1% decline. FY26 guidance remains conservative, projecting low single-digit organic growth.