Graco(US:GGG)2025-07-24 15:00Financial Performance Overview - Net sales for the second quarter of 2025 increased by 3% to $571 million compared to $553 million in 2024 [7] - Year-to-date net sales increased by 5% to $1.1 billion in 2025, compared to $1.0454 billion in 2024 [7] - Net earnings for the second quarter decreased by 4% to $127.6 million, compared to $133 million in 2024 [7] - Year-to-date net earnings decreased by 1% to $251.7 million, compared to $255.2 million in 2024 [7] Segment Performance - Contractor segment net sales increased by 7% to $289 million in the second quarter [28] and 9% year-to-date to $544 million [28] - Industrial segment net sales remained flat at $242 million in the second quarter [37], but increased by 2% year-to-date to $474 million [37] - Expansion Markets segment net sales decreased by 3% to $41 million in the second quarter [46], but increased by 4% year-to-date to $82 million [46] Factors Affecting Financial Results - Acquisitions contributed 6 percentage points to net sales growth in both the second quarter and year-to-date periods [21, 22] - Currency translation had no meaningful impact on second quarter net sales, but reduced year-to-date net sales by 1 percentage point [21, 22] - Higher product costs, including $4 million in increased tariff costs, negatively impacted gross margin [21, 22] Cash Flow and Capital Allocation - Net cash from operations was $308 million compared to $258 million in the comparable period in 2024 [26] - The company repurchased 4.4 million shares of stock for $361 million through the second quarter [26]