Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 1

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 1
---
 Income taxes - pension and postretirementmedical liability adjustment(235)66 (178)(523)Other comprehensive income2,074 19,289 78,743 1,405 Comprehensive Income$139,702 $141,486 $468,095 $378,781 

See notes to consolidated financial statements.

3

Table of Contents

GRACO INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited) (In thousands)

September 26,2025December 27,2024ASSETSCurrent AssetsCash and cash equivalents$618,662 $675,336 Accounts receivable, less allowances of $5,900 and $6,000389,314 362,533 Inventories426,809 404,676 Other current assets52,803 54,896 Total current assets1,487,588 1,497,441 Property, Plant and Equipment, net762,499 771,656 Goodwill560,490 487,468 Other Intangible Assets, net271,093 233,306 Operating Lease Assets25,483 19,678 Deferred Income Taxes38,121 46,910 Other Assets87,676 82,753 Total Assets$3,232,950 $3,139,212 LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent LiabilitiesNotes payable to banks$35,127 $28,537 Current portion of long-term debt1,615 — Trade accounts payable81,103 60,816 Salaries and incentives67,577 58,169 Dividends payable45,539 46,558 Other current liabilities236,817 211,728 Total current liabilities467,778 405,808 Retirement Benefits and Deferred Compensation83,131 80,381 Operating Lease Liabilities17,434 12,278 Deferred Income Taxes44,799 37,822 Other Non-current Liabilities10,808 18,788 Shareholders’ EquityCommon stock165,774 169,394 Additional paid-in-capital984,038 955,051 Retained earnings1,430,019 1,509,264 Accumulated other comprehensive income (loss) 29,169 (49,574)Total shareholders’ equity2,609,000 2,584,135 Total Liabilities