Graco posts 8% revenue growth but misses earnings estimates and announces ABB partnership
+1 new source since this summary was written
Graco reported third‑quarter 2026 net sales of $586.4 million, up 8% year‑over‑year, while operating earnings fell 10% to $148.1 million. Adjusted diluted earnings per share rose 5% to $0.81, but the result missed analyst forecasts. The company announced a license agreement with ABB to apply its motor technology in data‑center cooling and guided fourth‑quarter revenue to $610 million‑$640 million.
Why it matters
The miss on earnings and the lower‑than‑expected margin pressured the stock, which fell sharply after release. The Q4 revenue guidance sets the near‑term sales outlook for investors, while the ABB partnership signals a new growth avenue in data‑center markets.
Key facts
- 1Net sales were $586.4 million, an 8% increase year‑over‑year. stocktitan.net
- 2Operating earnings declined 10% to $148.1 million. stocktitan.net
- 3Adjusted diluted EPS increased 5% to $0.81. stocktitan.net
- 4Graco repurchased $132 million of its own shares in the quarter. stocktitan.net
- 5The company entered a license agreement with ABB to use its Transverse Flux Motor technology in data‑center cooling applications. stocktitan.net
- 6Guidance for fourth‑quarter 2026 revenue is $610 million to $640 million. investing.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.