Graco, Inc. (GGG) Q2 2023 Earnings Call Transcript

Graco, Inc. (NYSE:GGG) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET

Company Participants

Christopher Knutson - VP, Corporate Controller
Mark Sheahan - President, CEO & Director
David Lowe - CFO & Treasurer

Conference Call Participants

Deane Dray - RBC Capital Markets
Michael Halloran - Robert W. Baird & Co.
Saree Boroditsky - Jefferies
Jeffrey Hammond - KeyBanc Capital Markets
Matt Summerville - D.A. Davidson & Co.
Lawrence De Maria - William Blair & Company

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. [Operator Instructions].

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 purpose 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 2022 Annual Report on the Form 10-K and in Item 1A of the company's most recently 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 Chris Knutson, Executive Vice President, Corporate Controller.

Christopher Knutson

Good morning, everyone, and thank you for joining our call. I'm here today with Mark Sheahan and David Lowe. I will