Graco Q2 FY2026 Earnings Call
With Mark Sheahan (President and CEO), Sanjiv Gupta (CFO and Treasurer) and Chris Knutson (VP, Controller, and Chief Accounting Officer).
Graco began with two brothers in a garage and a relentless pursuit of better solutions. Nearly a century later, we design and manufacture thousands of fluid handling products that keep industries moving—from the paint that makes a house a home to the food that fuels your day.
More about Graco
Our customers span homeowners, contractors, service centers, and manufacturers in automotive, aerospace, packaging, and more. Whether it’s a weekend DIY project, a professional job site, or a global production line, Graco delivers reliability, efficiency, and innovation.
1Prepared remarks3 speakers
Good morning. I'm here with Mark Sheahan, our President and Chief Executive Officer, Sanjiv Gupta, Chief Financial Officer and Treasurer, and Chris Knutson, Vice President, Chief Accounting Officer and Controller. We welcome you to our conference call to report Graco's fiscal 2026 second quarter results. Before we begin, I'd like to remind everyone that certain statements made during this call may be forward-looking and are subject to risks and uncertainties. Please refer to the safe harbor statement included in…
Thank you, John. Good morning, everyone. We delivered record second quarter sales of $591 million and record second quarter earnings, reflecting growth across all three segments and margin expansion supported by disciplined expense management and operational execution. Contractor generated organic growth in the Americas, led by home center and professional paint. Industrial benefited from broad-based activity across core markets, while expansion markets continued to see strong semiconductor demand. Organic orders…
Thank you, Mark, and good morning, everyone. We reported second quarter sales of $591 million, an increase of 3% from last year. Acquisitions contributed 3% growth and currency translation added 1%, partially offset by 1% unfavorable change in organic sales, driven primarily by timing of finishing systems revenue within the industrial segment. We delivered another quarter of strong earnings performance. Reported net earnings were $145 million, or $0.87 per diluted share, an increase of 14% from the prior year.
On…