Company: GGG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000042888-25-000025
Chunk: 42

Company: GRACO INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 8
Chunk 42
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 91.1 Asia Pacific26.5 20.0 51.1 38.1 Total$289.0 $269.6 $544.0 $499.7 Operating earnings as a percentage of net sales26 %31 %25 %30 %

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

Three MonthsSix MonthsVolume and PriceAcquisitionsCurrencyTotalVolume and PriceAcquisitions CurrencyTotalAmericas(8)%6%0%(2)%(4)%6%0%2%EMEA1%30%6%37%(4)%30%1%27%Asia Pacific3%31%(2)%32%2%35%(3)%34%Segment Total(5)%12%0%7%(3)%12%0%9%

Incremental sales from acquired operations in the Contractor segment for the quarter and year to date were partially offset by weakness in worldwide construction markets, particularly in North America. The operating margin rate declined 5 percentage points for the quarter and year to date, including 3 percentage points from higher product costs, mainly due to increased tariffs, and 2 percentage points from the unfavorable effects of lower margin rates of acquired operations.

Industrial Segment

The following table presents net sales and operating earnings as a percentage of sales for the Industrial segment 

(dollars in millions):

19

 Three Months Ended  Six Months Ended June 27,2025June 28,2024June 27,2025June 28,2024Net SalesAmericas$126.8 $132.1 $248.0 $249.3 EMEA61.1 57.6 120.5 115.4 Asia Pacific54.3 52.2 105.4 102.0 Total$242.2 $241.9 $473.9 $466.7 Operating earnings as a percentage of net sales34 %34 %34 %33 %

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

Three MonthsSix MonthsVolume and PriceAcquisitionsCurrencyTotalVolume and PriceAcquisitions CurrencyTotalAmericas(4)%0%0%(4)%0%0%(1)%(1)%EMEA1%0%5%6%3%0%1%4%Asia Pacific4%0%0%4%5%0%(2)%