Graco (GGG) Q1 FY26 earnings call

Graco experienced a challenging first quarter with organic revenue declining, primarily due to a slow start in January and continued softness in the Contractor segment. However, strong bookings momentum, particularly in the Industrial and Semiconductor businesses, led to a significant backlog build, providing confidence in achieving full-year low single-digit organic growth targets. The company continues to manage costs and pursue strategic M&A while navigating tariff impacts and a cautious construction market.