Company: GGG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000042888-25-000011
Chunk: 80

Company: GRACO INC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 80
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 as stock compensation, certain acquisition transaction costs, bad debt expense, charitable contributions and certain facility expenses. Asset information by segment is not reported to the chief operating decision maker and therefore is not disclosed.

47

Segment information follows (in thousands):  202420232022ContractorNet Sales$988,865 $985,675 $999,060 Cost of products sold484,926 493,857 555,622 Gross Profit503,939 491,818 443,438 Operating Expenses233,795 206,424 193,605 Contractor Operating Earnings$270,144 $285,394 $249,833 IndustrialNet Sales$619,653 $662,785 $649,347 Cost of products sold260,856 279,160 274,660 Gross Profit358,797 383,625 374,687 Operating Expenses157,309 149,571 143,389 Industrial Operating Earnings$201,488 $234,054 $231,298 ProcessNet Sales$504,798 $547,146 $495,114 Cost of products sold238,195 255,375 250,832 Gross Profit266,603 291,771 244,282 Operating Expenses124,871 126,498 121,938 Process Operating Earnings$141,732 $165,273 $122,344 Reportable Segment Operating Earnings Total$613,364 $684,721 $603,475 Unallocated corporate expense43,266 38,678 30,775 Contingent consideration— (8,600)— Impairment— 7,800 — Operating Earnings570,098 646,843 572,700 Interest expense2,828 5,191 9,897 Other (income) expense, net(22,013)32,850 (2,921)Earnings Before Income Taxes$589,283 $608,802 $565,724 Geographic information follows (in thousands):202420232022Net Sales (based on customer location)United States$1,149,044 $1,161,607 $1,116,012 Other countries964,272 1,033,999 1,027,509 Total$2,113,316 $2,195,606 $2,