GGG earnings call: Adjusted operating margin was 27% of sales, down nearly 180 basis points from the prior year quarter, primarily due to the product and channel mix, including a higher mix of Powder Finishing systems. This was partially offset by disciplined cost management with operating expenses down approximately $3 million, excluding acquired expenses, amortization, acquisition-related costs and the prior year contingent consideration benefit.固瑞克 (GGG) 电话会：桑吉夫·古普塔称，调整后营业利润率为销售额的27%，较上年同期下降近180个基点，主要受产品与渠道结构变化影响，其中粉末涂装系统占比更高。审慎的成本管理部分抵消了该影响，不计收购相关开支、摊销、收购成本及上年或有对价收益的营业费用下降约300万美元。

Management remarks

Call period: 2026 Q3 · 2026-10-22

Margins: Sanjiv Gupta: Adjusted operating margin was 27% of sales, down nearly 180 basis points from the prior year quarter, primarily due to the product and channel mix, including a higher mix of Powder Finishing systems. This was partially offset by disciplined cost management with operating expenses down approximately $3 million, excluding acquired expenses, amortization, acquisition-related costs and the prior year contingent consideration benefit.

Analyst Q&A

Analyst Mitchell Moore asked: This is Mitch Moore on for Jeff. I just want to -- you guys talked about price covering commodity inflation. I guess, overall, with commodities and everything else, what was the overall price cost in the quarter? Management Mark Sheahan answered: Price cost was flat in the quarter for us. And I would think that for the rest of the year, given there's only 13 weeks left, it's kind of the way that I would look at Q4 as well.

管理层陈述

电话会期间：2026 Q3 · 2026-10-22

利润率：桑吉夫·古普塔称，调整后营业利润率为销售额的27%，较上年同期下降近180个基点，主要受产品与渠道结构变化影响，其中粉末涂装系统占比更高。审慎的成本管理部分抵消了该影响，不计收购相关开支、摊销、收购成本及上年或有对价收益的营业费用下降约300万美元。

分析师问答

分析师米切尔·穆尔（代杰夫提问）问道：既然你们提到价格已覆盖大宗商品通胀，本季度整体的价格成本情况如何？管理层马克·希汉回应称，本季度我们的价格成本持平，考虑到今年仅剩13周，我认为第四季度也将如此。

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Management remarks

Analyst Q&A

管理层陈述

分析师问答

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