Slide 1: A Century of Ingenuity. A Future of Possibility.
A CENTURY OF INGENUITY. A FUTURE OF POSSIBILITY. SECOND QUARTER 2026 EARNINGS CALL JULY 23, 2026
Slide 2: Safe Harbor
SAFE HARBOR Today’s presentation includes forward-looking statements that reflect management’s current expectations about the Company’s future business and financial performance. These statements are subject to certain risks and uncertainties that could cause actual results to differ from anticipate
Slide 3: Key Highlights Second Quarter 2026
KEY HIGHLIGHTS SECOND QUARTER 2026 ADJ. OPERATING ADJ. OPERATING REVENUE EARNINGS* MARGIN* $591M $183M 31% Celebrated Graco's Up 3% YoY Up 11% YoY Up 230 bps YoY centennial and hosted our Investor Access BOOKINGS ORGANIC BACKLOG Event +5% +28% Organic orders through July 17, 2026 From year-end throu
Slide 4: Valco Melton Acquisition
VALCO MELTON ACQUISITION Expected to close in third quarter 2026 Strong Integrated Portfolio Represented End Markets Global Scale with Omni-Channel Strategy Differentiated Innovation and Growing Installed Base Experienced Leadership Team High Quality Strategic Asset Potential for Value Creation Disc
Slide 5: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK *2025 – 1H 2026 Invest for Growth CURRENT DATA POINTS Organic investment + strategic M&A • $0.6B committed to M&A* Return Capital to Shareholders Growing dividends + opportunistic buybacks • >$1B returned via buybacks & dividends* • 18.6M shares remaining for repurchase
Slide 6: Graco – Second Quarter 2026
GRACO – SECOND QUARTER 2026 Q2 2026 Sales Walk Sales $18M $6M • Reported sales of $591 million, an increase of 3% ($5M) compared to second quarter 2025. $591M $572M – 1% organic sales decline driven by timing impact of finishing system sales and other project-related activity. Q2 2025 Organic Acquir
Slide 7: Contractor Segment – Second Quarter 2026
CONTRACTOR SEGMENT – SECOND QUARTER 2026 Sales $ in millions Second Quarter • Sales of $299 million, a 4% increase compared to Net Sales 2026 2025 Change second quarter 2025. Americas $ 215 $ 201 7% – Organic sales increased in the Americas by 3%. EMEA 60 61 (2) – Acquisitions contributed 3%. Asia P
Slide 8: Industrial Segment – Second Quarter 2026
INDUSTRIAL SEGMENT – SECOND QUARTER 2026 Sales $ in millions Second Quarter • Sales of $249 million, a 3% increase compared to Net Sales 2026 2025 Change second quarter 2025. Americas $ 131 $ 127 4% – 3% organic sales decline driven by timing of finishing EMEA 62 61 1 system sales and other project-
Slide 9: Expansion Markets Segment – Second Quarter 2026
EXPANSION MARKETS SEGMENT – SECOND QUARTER 2026 Sales $ in millions Second Quarter • Sales of $42 million, a 3% organic increase Net Sales 2026 2025 Change compared to second quarter 2025, driven by Americas $ 25 $ 24 4% strong semiconductor activity. EMEA 6 8 (24) – Currency translation had no sign
Slide 10: 2026 Environment
2026 ENVIRONMENT All amounts are on a constant currency basis and excluding acquisitions completed in the prior 12 months Second June Year Net Sales Change Quarter to Date Contractor Segment 0% (2%) Americas 3% 1% EMEA (4%) (5%) Asia Pacific (10%) (10%) Industrial Segment (3%) (5%) Americas (4%) (2%
Slide 11: Backlog and Bookings
BACKLOG AND BOOKINGS Last 6 Weeks July 17, 2026 YTD Bookings Q1 2026 Q2 2026 Bookings Increase in Through Bookings Bookings through Backlog From July 17, 2026 Excluding acquisitions July 17, 2026 Year End From Q1 2025 From Q2 2025 From 2025 6 Week Average $M Contractor Segment (1)% 4% 2% 14 % $ 9 In
Slide 12: Cash Flow and Liquidity
CASH FLOW AND LIQUIDITY Net Earnings, and Cash from Operating Activities $ in millions $185 $197 $178 $183 $179 $178 $133 $139 $138 $132 $145 $122 $124 $125 $128 $118 $120 $109 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Net Earnings Cash from Operating Activites Other Significant (Uses) S
Slide 13: Other Discussion Items
OTHER DISCUSSION ITEMS • Capital expenditure expectations of approximately $90 - $100 million in 2026 including Cap Ex approximately $50 million in facility expansion projects. Expenses • Unallocated corporate expenses in 2026 are expected to be approximately $39 - $42 million. • We repurchased 4.2
Slide 14: Appendix
APPENDIX
Slide 15: Change in Non-GAAP Methodology
CHANGE IN NON-GAAP METHODOLOGY • Beginning in the second quarter, the Company updated its non-GAAP adjusted measurements to exclude acquisition costs and amortization of acquired intangible assets. • While we have a history of acquisition activity, our acquisitions do not occur on a predictable cycl
Slide 16: Adjusted Financial Results
ADJUSTED FINANCIAL RESULTS Non-GAAP Reconciliation Second Quarter 2026 2025 Change $ in millions except per share amounts Financial results have been Operating earnings, as reported $ 175.1 $ 157.5 11 % Acquisition costs 2.5 0.3 adjusted for comparability. Amortization of acquired intangible assets
Slide 17: OVING MATERIALS THAT MATTER”
OVING MATERIALS THAT MATTER”