Company: GGG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000042888-25-000025
Chunk: 6

Company: GRACO INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 6
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967 $154,653 

7

Expansion MarketsNet Sales$40,570 $41,727 $82,169 $79,014 Cost of products sold19,566 20,708 39,729 39,199 Gross Profit21,004 21,019 42,440 39,815 Operating expenses12,175 12,584 23,546 24,628 Expansion Markets Operating Earnings$8,829 $8,435 $18,894 $15,187 Reportable Segment Operating Earnings Total$166,690 $174,361 $318,280 $320,343 Unallocated corporate expense9,206 13,002 16,783 25,988 Operating Earnings157,484 161,359 301,497 294,355 Interest expense655 634 1,368 1,378 Other income, net(1,379)(4,453)(9,553)(12,531)Earnings Before Income Taxes$158,208 $165,178 $309,682 $305,508 Geographic information follows (in thousands): Three Months EndedSix Months Ended June 27,2025June 28,2024June 27,2025June 28,2024Net Sales (based on customer location)United States$305,027 $315,095 $587,584 $582,927 Other countries266,779 238,148 512,506 462,505 Total$571,806 $553,243 $1,100,090 $1,045,432  June 27,2025December 27,2024Long-lived AssetsUnited States$615,998 $635,698 Other countries146,962 135,958 Total$762,960 $771,656 

3. Inventories

Major components of inventories were as follows (in thousands):June 27,2025December 27,2024Finished products and components$203,946 $197,242 Products and components in various stages of completion109,998 114,647 Raw materials and purchased components210,244 214,902 Subtotal524,188 526,791 Reduction to LIFO cost(121,032)(122,115)Total$403,156 $404,676