Gas and Liquid Handling Stocks Q2 Highlights: Graco (NYSE:GGG)

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Gas and Liquid Handling Stocks Q2 Highlights: Graco (NYSE:GGG) Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. ...

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Today we are looking at Graco  and the best and worst performers in the gas and liquid handling industry.Gas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable  substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.The 12 gas and liquid handling stocks we track reported a mixed Q2. As a group, revenues missed analysts’ consensus estimates by 0.9%.In light of this news, gas and liquid handling stocks","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0009354923.USD":"JANUS HENDERSON US VENTURE \"A2\" (USD) ACC","BK4161":"工业机械","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","DCI":"唐纳森","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SPXC":"SPX Technologies","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","GGG":"固瑞克","LU0823414478.USD":"法巴经典能源转换基金","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","GRC":"Gorman-Rupp Company","NYSE":"纽交所","GTLS":"查特工业"},"translate_title":"天然气和液体处理股票第二季度亮点：Graco(NYSE：GGG)","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCI":1,"SPXC":1,"NYSE":1,"GTLS":1,"GRC":1,"GGG":1},"content_text":"Gas and Liquid Handling Stocks Q2 Highlights: Graco (NYSE:GGG) \n \n\nQuarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Graco (NYSE:GGG) and the best and worst performers in the gas and liquid handling industry. \nGas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable (and sometimes dangerous) substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings. \nThe 12 gas and liquid handling stocks we track reported a mixed Q2. As a group, revenues missed analysts’ consensus estimates by 0.9%. \nInflation progressed towards the Fed's 2% goal recently, leading the Fed to reduce its policy rate by 50bps (half a percent or 0.5%) in September 2024. This is the first cut in four years. While CPI (inflation) readings have been supportive lately, employment measures have bordered on worrisome. The markets will be debating whether this rate cut's timing (and more potential ones in 2024 and 2025) is ideal for supporting the economy or a bit too late for a macro that has already cooled too much. \n In light of this news, gas and liquid handling stocks have held steady with share prices up 4.6% on average since the latest earnings results. \nGraco (NYSE:GGG)\n Founded in 1926, Graco (NYSE:GGG) is an industrial company specializing in the development and manufacturing of fluid-handling systems and products. \nGraco reported revenues of $553.2 million, down 1.1% year on year. This print fell short of analysts’ expectations by 1.6%. Overall, it was a slower quarter for the company with a miss of analysts’ Contractor revenue estimates. \n“Strength in the Contractor segment this quarter was not enough to offset declines elsewhere, resulting in overall sales performance that was below our expectations,\" said Mark Sheahan, Graco's President and CEO.\n\n\n\nInterestingly, the stock is up 5.5% since reporting and currently trades at $85.56. \nRead our full report on Graco here, it’s free. \nBest Q2: SPX Technologies (NYSE:SPXC)\nSPX Technologies (NYSE:SPXC) is an industrial conglomerate catering to the energy, manufacturing, automotive, and aerospace sectors. \nSPX Technologies reported revenues of $501.3 million, up 18.4% year on year, outperforming analysts’ expectations by 2.2%. The business had a stunning quarter with an impressive beat of analysts’ organic revenue estimates. \n\n\n\nSPX Technologies pulled off the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 21.1% since reporting. It currently trades at $173.45. \nIs now the time to buy SPX Technologies? Access our full analysis of the earnings results here, it’s free.\nWeakest Q2: Gorman-Rupp (NYSE:GRC)\nPowering fluid dynamics since 1934, Gorman-Rupp (NYSE:GRC) has evolved from its Ohio origins into a global manufacturer and seller of pumps and pump systems. \nGorman-Rupp reported revenues of $169.5 million, flat year on year, falling short of analysts’ expectations by 3.8%. It was a disappointing quarter as it posted a miss of analysts’ earnings estimates. \nAs expected, the stock is down 2.9% since the results and currently trades at $39.44. \nRead our full analysis of Gorman-Rupp’s results here. \nDonaldson (NYSE:DCI)\nPlaying a vital role in the historic Apollo 11 mission, Donaldson (NYSE:DCI) manufacturers and sells filtration equipment for various industries. \nDonaldson reported revenues of $935.4 million, up 6.4% year on year. This result was in line with analysts’ expectations. Taking a step back, it was a mixed quarter as it also recorded a decent beat of analysts’ operating margin estimates but underwhelming earnings guidance for the full year. \nThe stock is flat since reporting and currently trades at $74.72. \nRead our full, actionable report on Donaldson here, it’s free. \nChart (NYSE:GTLS)\nInstalling the first bulk Co2 tank for McDonalds’s sodas, Chart (NYSE:GTLS) provides equipment to store and transport gasses. \nChart reported revenues of $1.04 billion, up 14.6% year on year. This print lagged analysts' expectations by 6.3%. It was a slower quarter as it also logged a miss of analysts’ earnings estimates. \nChart had the weakest performance against analyst estimates among its peers. The stock is down 17.6% since reporting and currently trades at $126.77. \nRead our full, actionable report on Chart here, it’s free. \n Join Paid Stock Investor Research\nHelp us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476284054"}