Filing Flows › Graco (GGG) › Q1 2026
Graco (GGG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 22, 2026
Graco (GGG) reported revenue of $540M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -9% from the quarter before. Operating margin was 25.5%, net earnings $119M (21.9% of revenue).
Graco, Q1 2026: revenue $540M (+2% year over year), operating margin 25.5%, net earnings $119M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $540M | -9% | +2% |
| Gross profit | $281M | -8% | +1% |
| Operating profit | $138M | -13% | -4% |
| Net earnings | $119M | -11% | -5% |
| Operating cash flow | $120M | -39% | -4% |
| Free cash flow | $108M | -41% | -6% |
What changed
Revenue was $540.1M in Q1 2026, up 2% year over year and down 9% from the previous quarter.
Gross margin was 52.0%, down 0.6 points from Q1 2025. Operating profit was $137.8M, a 25.5% margin (down 1.8 points year over year). Operating profit fell $6.2M even though revenue rose $11.9M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 2%. The fastest-growing cost line was General & admin (+12%). Net earnings were $118.5M, down 5% year over year. The effective tax rate was 15.4%.
Operating cash flow was $120.2M (down 4% year over year), 101% of net earnings. Non-cash charges added back $28.6M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $34.4M. Capital expenditures of $12.1M left free cash flow of $108.1M.
Questions
What was Graco's revenue in the first quarter 2026?
Graco (GGG) reported revenue of $540M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -9% from the quarter before.
Was Graco profitable in the first quarter 2026?
Operating profit was $138M (25.5% of revenue) and net earnings $119M.
Source: Graco 10-Q on SEC EDGAR.