Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 52

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 2
Chunk 52
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1 0.1 0.1 0.1 Other income, net(0.8)(1.2)(0.9)(1.2)Earnings Before Income Taxes31.0 29.2 29.2 29.2 Income taxes5.7 5.7 5.4 5.1 Net Earnings25.3 %23.5 %23.8 %24.1 %

Net Sales

The following table presents net sales by geographic region (in millions):

 Three Months Ended   Nine Months Ended September 26,2025September 27,2024September 26,2025September 27,2024Americas(1)$341.0 $334.7 $1,016.1 $1,005.5 EMEA(2)117.8 105.1 368.6 324.9 Asia Pacific84.6 79.4 258.7 234.2 Consolidated$543.4 $519.2 $1,643.4 $1,564.6 

(1)     North, South and Central America, including the United States

(2)    Europe, Middle East and Africa

The following table presents the components of net sales change by geographic region:

Three MonthsNine MonthsVolume and PriceAcquisitions CurrencyTotalVolume and PriceAcquisitions CurrencyTotalAmericas(1)%3%0%2%(2)%3%0%1%EMEA(5)%11%6%12%(1)%12%2%13%Asia Pacific(3)%10%0%7%3%9%(2)%10%Consolidated(2)%6%1%5%(1)%6%0%5%

Gross Profit

The gross profit margin rate was flat for the third quarter and decreased approximately 1 percentage point for the year to date from the comparable periods last year as price realization and favorable product and channel mix offset higher product costs and the unfavorable effects of lower margin rates from acquired operations for the quarter but unable to offset these items for the year to date. Higher product costs included increased tariff costs of $5 million for the quarter and $9 million for the year to date. Interim pricing actions in the third quarter began to offset the effects of increased tariff costs.

Operating Expenses

18

Total operating expenses decreased $6 million (5 percentage points)