Graco (GGG) Q2 Earnings Beat Estimates, Sales Decline Y/Y

Net sales in the Industrial segment totaled $155.7 million (contributing to 28.1% of the quarter's sales), which decreased 5% year over year. Core sales decreased 4% year over year. Our estimate for segmental net sales was $158.0 million. Operating income increased 3% year over year to $161.4 million. The operating margin increased 1.1 percentage points from the year-ago quarter. Interest expenses in the second quarter totaled $0.6 million compared with $1.8 million reported in the previous year quarter. Th ...