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Graco Inc Q1 adjusted earnings Beat Estimates

Graco Inc (GGG) released a profit for its first quarter that climbed from last year.

The company's earnings came in at $85.5 million, or $0.49 per share. This compares with $60.7 million, or $0.35 per share, in last year's first quarter.

Excluding items, Graco Inc reported adjusted earnings of $84.1 million or $0.48 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.3% to $406.3 million from $340.6 million last year.

Graco Inc earnings at a glance:

-Earnings (Q1): $84.1 Mln. vs. $57.0 Mln. last year.
-EPS (Q1): $0.48 vs. $0.33 last year.
-Analysts Estimate: $0.41
-Revenue (Q1): $406.3 Mln vs. $340.6 Mln last year.

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