Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 6

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 6
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,797 295,996 298,398 Gross Profit140,470 134,078 416,525 404,215 Operating expenses59,737 56,540 173,825 172,023 Industrial Operating Earnings$80,733 $77,538 $242,700 $232,192 

7

Expansion MarketsNet Sales$42,339 $41,042 $124,508 $120,056 Cost of products sold20,139 21,821 59,868 61,021 Gross Profit22,200 19,221 64,640 59,035 Operating expenses11,811 11,946 35,357 36,574 Expansion Markets Operating Earnings$10,389 $7,275 $29,283 $22,461 Reportable Segment Operating Earnings Total$158,995 $155,866 $477,275 $476,208 Unallocated corporate expense8,335 10,143 25,118 36,128 Contingent consideration(14,061)— (14,061)— Operating Earnings164,721 145,723 466,218 440,080 Interest expense711 656 2,079 2,034 Other income, net(4,450)(6,225)(14,003)(18,756)Earnings Before Income Taxes$168,460 $151,292 $478,142 $456,802 Geographic information follows (in thousands): Three Months EndedNine Months Ended September 26,2025September 27,2024September 26,2025September 27,2024Net Sales (based on customer location)United States$293,517 $289,553 $881,101 $872,480 Other countries249,841 229,659 762,347 692,164 Total$543,358 $519,212 $1,643,448 $1,564,644  September 26,2025December 27,2024Long-lived AssetsUnited States$607,876 $635,698 Other countries154,623 135,958 Total$762,499 $771,656 

3. Inventories

Major components of inventories were as follows (in thousands):September 26,2025December 27