GGG · Graco Inc. Q2 FY2026 earnings call record财报电话会记录

“The most recent six-week booking average was up 14% versus last year, and backlog as of July 17th, excluding acquisitions, was up $57 million, or 28% from the beginning of the year.”

“The strength in these applications highlights the breadth of the contractor segment and our ability to serve customers beyond traditional residential paint.”

“Organic orders improved throughout the quarter, with bookings increasing 3% year to date through July 17th and 11% over the most recent six-week period versus the prior year.”

“Bookings increased 58% in the quarter, bringing year-to-date bookings growth to 33%, with the most recent six-week average up 36%, and backlogs remain strong.”

“We're maintaining our full year outlook and initiating a third quarter revenue guide of $580 million-$600 million, excluding Valco Melton, which is expected to close during the third quarter.”

“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.”

“Operating expenses were essentially flat in the quarter, despite inflationary pressures and the addition of acquired businesses, reflecting continued cost management, which drove an operating earning increase of 11% and an operating margin rate of 30% of sales, compared to 26% in the prior year quarter.”

“Across the portfolio, segment profitability remained strong.”

“We remain committed to our balanced capital allocation framework.”

“In the first half of the year, we repurchased 4.2 million shares totaling approximately $331 million, paid $98 million in dividends, and invested $29 million in capital expenditure, including strategic facility expansion projects.”

“As we look ahead, at current exchange rates, currency is expected to provide approximately a 1% favorable impact on both full-year sales and earnings.”

“We now expect unallocated corporate expenses to be $39 million-$42 million, capital expenditures of $90 million-$100 million, and an adjusted effective tax rate of 20%-21% for the full year.”