Graco misses by $0.02, beats on revs
- Reports Q4 (Dec) earnings of $0.34 per share, excluding non-recurring items, $0.02 worse thanthe Capital IQ Consensus of $0.36; revenues rose 7.4% year/year to $374.9 mln vs the $369.53 mln Capital IQ Consensus.
Outlook:
- Co said, "We are initiating an outlook for the full-year 2018 of mid single-digit growth on an organic, constant currency basis, with growth expected in every region and reportable segment. Demand levels in the fourth quarter remained solid and provide a foundation for our full-year outlook. While Industrial segment sales growth in the fourth quarter was low, bookings were better than billings and indicative of a capital equipment environment that remains stable-to-improving."
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