Graco, Inc. (GGG) CEO Mark Sheahan on Q2 2022 Results - Earnings Call Transcript

Jul. 29, 2022 12:43 AM ETGraco Inc. (GGG) StockGGG
SA Transcripts
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Q2: 2022-07-27 Earnings Summary

EPS of $0.68 beats by $0.01
 | Revenue of $548.55M (8.16% Y/Y) beats by $15.05M

Graco, Inc. (NYSE:GGG) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET

Company Participants

Kathryn Schoenrock - EVP, Corporate Controller & Information Systems
Mark Sheahan - President, CEO & Director
David Lowe - CFO & Treasurer

Conference Call Participants

Deane Dray - RBC Capital Markets
Saree Boroditsky - Jefferies
Andrew Buscaglia - Berenberg
Thomas Johnson - Morgan Stanley
Matt Summerville - D.A. Davidson & Co.
Walter Liptak - Seaport Research Partners

Operator

Good morning, and welcome to the second quarter conference call for Graco Inc. If you wish to access the replay for this call, you may do so by visiting the company's website at www.graco.com.

Graco has additional information available in a PowerPoint slide presentation which is available as part of the webcast player. At the request of the company, we will open the conference up for questions and answers after the opening remarks from management.

During this call, various remarks may be made by management about their expectations, plans and prospects for the future. These remarks constitute forward-looking statements for the purposes of the safe harbor provisions of the Private Securities Litigation Reform Act.

Actual results may differ materially from those indicated as a result of various risk factors, including those identified in Item 1A of the company's 2021 annual report on Form 10-K and in Item 1A of the company's most recent quarterly report on Form 10-Q. These reports are available on the company's website at www.graco.com and the SEC's website at www.sec.gov.

Forward-looking statements reflect management's current views and speak only as of the time they are made. The company undertakes no obligation to update these statements in light of new information or future events.

I will now turn the conference over to Kathy Schoenrock, Executive Vice President, Corporate Controller and Information Systems. Please go ahead.

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