Graco Q3 Profit Falls to $121.6 Million Despite 7.9% Revenue Growth

Graco Inc. (GGG) reported third-quarter earnings of $121.56 million, or $0.75 per share, down from $137.63 million, or $0.82 per share, in the same period last year. Excluding one-time items, the company posted adjusted earnings of $131.3 million, or $0.81 per share. Revenue for the quarter rose 7.9% to $586.4 million from $543.4 million a year earlier, according to the company's GAAP results.