Graco Inc’s April 2026 10-Q discloses a quarterly revenue and earnings miss driven by subdued demand in North American construction and industrial sectors. The Contractor segment faced continued headwinds from weak residential and non-residential construction, while the Industrial segment contended with margin pressure from tariff-related cost increases and unfavorable channel mix. However, the Expansion Markets segment sustained modest growth, bolstered by semiconductor fabrication equipment sales. The company remains committed to innovation, acquisitions, and operational efficiency under its One Graco model. Monitoring North American construction trends and industrial production metrics will be critical for near-term demand recovery.