Pump and spray equipment manufacturer Graco Inc (NYSE:GGG), Minneapolis, MN, reported sales for the third quarter ended Sept. 29, 2017, were up 16 percent, with increases of 12 percent in the Americas, 18 percent in EMEA (14 percent at consistent translation rates) and 27 percent in Asia Pacific (28 percent at consistent translation rates).
Year-to-date sales were $1.1 billion, up 12 percent, with increases of 11 percent in the Americas, 10 percent in EMEA (12 percent at consistent translation rates) and 18 percent in Asia Pacific (20 percent at consistent translation rates).
Profit for the quarter was $75.5 million. Year-to-date profit was $216 million.
By segment industrial sales were $178.5 million in the quarter, up 18 percent; process sales were $73.7 million, up 10 percent; and contractor sales were $127.7 million up 17 percent. Similar double-digit increases were seen year-to-date for each segment.
