Minneapolis, Minnesota – US polyurethane machinery maker Graco saw net sales reach $641m (Eur674m) in the first half of 2015, up 5% compared to the same period in 2014.
Across the company, operating earnings were down by 7% at $149m in the first half of 2015 compared with $160m in the same period in 2014.
A double digit increase in sales in the US was offset partially by decreases in the EMEA and Asia Pacific. Organic sales at constant translation rates rose 4% including 7% in the Americas, a slight increase in EMEA and a 2% fall in Asia Pacific.
According to Graco, sales in its industrial business segment, which includes polyurethane spray equipment, fell from $309m in the first half of 2014 to $297m in the first half of 2015. At the same time, operating earnings fell from $100m in the first half of 2014 to $94m in the same period of 2015.