Adjusted effective tax rate was 20%, consistent with full year guidance of 19.5% to 20.5%.
Adjusted effective tax rate was 20%, consistent with full-year guidance of 19.5% to 20.5%.
Cash flow from operations less capital expenditures increased 51% year-to-date; significant uses of cash included $361 million in share repurchases and $92 million in dividends.
Cash provided by operations totaled $308 million, up 19%, driven by improved inventory management and lower incentive payments.
Cash provided by operations was $308 million, up 19%, driven by improved inventory management and lower incentive payments.
Graco reported second quarter sales of $572 million, a 3% increase from last year, with acquisitions contributing 6% growth but organic sales declining 3%.
Graco reported second quarter sales of $572 million, a 3% increase from the prior year, driven by 6% growth from acquisitions but a 3% organic sales decline.
Gross margin rate decreased by 200 basis points, impacted by acquisitions (80 basis points) and tariffs ($4 million, 80 basis points).
Interest and other expenses decreased $3 million; foreign exchange losses of approximately $5 million occurred but are not expected to continue.
Interest and other expenses decreased $3 million; foreign exchange losses of approximately $5 million occurred due to U.S. dollar volatility.
Operating earnings decreased 2% to 28% of sales, with Contractor segment margin declining 5 percentage points to 26%, impacted by Corob acquisition and tariffs.
Operating earnings decreased 2% to 28% of sales, with Contractor segment margin declining 5 percentage points to 26%, partly due to Corob acquisition and tariffs.
Operating expenses increased 2%, driven by $9 million from acquisitions; excluding acquisitions, operating expenses declined 5%.
Reported net earnings decreased 4% to $128 million or $0.76 per diluted share; adjusted non-GAAP net earnings decreased 3% to $127 million or $0.75 per diluted share.
Adjusted EBITDA margin was 18.6%, above expectations despite unfavorable product mix and tariff impacts.
Cash from operations was near-record at $37 million, with debt reduced by $67 million year-over-year, lowering net debt to adjusted EBITDA leverage to 2.6x.
Diluted EPS was $0.34, down 17% year-over-year, while non-GAAP diluted EPS was $0.59, down 8% but up 34% sequentially from Q1.
Electronics segment sales declined 4%, with gross profit and margin down significantly due to higher freight, duties, and product mix.
Helios Technologies reported Q2 2025 sales of $212 million, exceeding the outlook of $206 million, driven by stronger Hydraulics segment sales and favorable foreign exchange.
Hydraulics segment sales declined 3% year-over-year but gross profit and margin improved due to cost reductions and favorable foreign exchange.
Operating income declined by $4.1 million year-over-year due to lower volume and increased SEA expenses.
Dafinchi