Graco (GGG) reported fiscal Q1 adjusted diluted earnings late Wednesday of $0.70 per share, up from $0.65 a year earlier.

Analysts polled by FactSet expected $0.67.

Net sales for the quarter that ended March 28 were $528.3 million, up from $492.2 million a year earlier.

Analysts surveyed by FactSet expected $524.6 million.

Mark Sheahan, Graco's president and chief executive, said the company is working to offset the impact of changing tariff policies, particularly related to China, which accounts for about 6% of global sales and a similar share of production costs.

The CEO added that evolving trade policies could reduce full-year revenue guidance by 1% to 2%, though the company is maintaining its forecast for low-single-digit organic growth.