The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Graco (NYSE: GGG) and the rest of the gas and liquid handling stocks fared in Q2.

Gas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable (and sometimes dangerous) substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.

The 12 gas and liquid handling stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was 0.8% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.4% since the latest earnings results.

Graco (NYSE: GGG)

Founded in 1926, Graco (NYSE: GGG) is an industrial company specializing in the development and manufacturing of fluid-handling systems and products.

Graco reported revenues of $590.6 million, up 3.3% year on year. This print fell short of analysts’ expectations by 3%. Overall, it was a slower quarter for the company with some shareholders anticipating a better outcome.

Graco delivered the weakest performance against analyst estimates among its peers. Interestingly, the stock is up 5.2% since reporting and currently trades at $77.75.

Read our full report on Graco here, it’s free.

Best Q2: SPX Technologies (NYSE: SPXC)

With roots dating back to 1912 as the Piston Ring Company, SPX Technologies (NYSE: SPXC) supplies specialized infrastructure equipment for HVAC systems and detection and measurement applications across industrial, commercial, and utility markets.

SPX Technologies reported revenues of $679 million, up 22.9% year on year, outperforming analysts’ expectations by 5.8%. The business had a stunning quarter with an impressive beat of analysts’ organic revenue and EBITDA estimates.

SPX Technologies achieved the highest full-year guidance raise of the whole group. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 14.9% since reporting. It currently trades at $169.63.

Is now the time to buy SPX Technologies? Access our full analysis of the earnings results here, it’s free.

Standex (NYSE: SXI)

Holding over 500 patents globally, Standex (NYSE: SXI) is a manufacturer and distributor of industrial components for various sectors.

Standex reported revenues of $228.3 million, up 2.8% year on year, exceeding analysts’ expectations by 1%. Still, it was a mixed quarter as it posted a miss of analysts’ EBITDA estimates.

As expected, the stock is down 1.6% since the results and currently trades at $282.70.

Read our full analysis of Standex’s results here.

Helios (NYSE: HLIO)

Founded on the principle of treating others as one wants to be treated, Helios (NYSE: HLIO) designs, manufactures, and sells motion and electronic control components for various sectors.

Helios reported revenues of $231.9 million, up 9.1% year on year. This print topped analysts’ expectations by 0.7%. Overall, it was a very strong quarter as it also produced full-year EPS guidance exceeding analysts’ expectations and EPS guidance for next quarter exceeding analysts’ expectations.

Helios had the weakest full-year guidance update in the group. The stock is down 15.5% since reporting and currently trades at $68.88.

Read our full, actionable report on Helios here, it’s free.

IDEX (NYSE: IEX)

Founded in 1988, IDEX (NYSE: IEX) is a global manufacturer specializing in highly engineered products such as pumps, flow meters, and fluidics systems for various industries.

IDEX reported revenues of $920.6 million, up 6.4% year on year. This result beat analysts’ expectations by 1.7%. It was a strong quarter as it also logged full-year EPS guidance exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

IDEX delivered the highest guidance raise among its peers. The stock is up 2.3% since reporting and currently trades at $229.89.

Read our full, actionable report on IDEX here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.