Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 20

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 20
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Three MonthsNine MonthsVolume and PriceAcquisitionsCurrencyTotalVolume and PriceAcquisitions CurrencyTotalAmericas3%0%0%3%1%0%0%1%EMEA(7)%2%6%1%0%1%2%3%Asia Pacific(6)%3%0%(3)%1%1%(1)%1%Segment Total(2)%1%2%1%1%0%0%1%

Industrial segment sales increased 1 percent for both the third quarter and year to date. For the quarter, sales growth in the vehicle service product application in the Americas more than offset finishing system sales in the prior year that did not repeat. Year-to-date sales increased 1 percent largely due to improved activity in the Americas and Asia Pacific, particularly in China. The operating margin rate for this segment increased 1 percentage point for both the quarter and year to date as realized pricing and favorable product and channel mix offset higher product costs, including tariffs.

Expansion Markets Segment

The following table presents net sales and operating earnings as a percentage of sales for the Expansion Markets segment (dollars in millions):

20

 Three Months EndedNine Months Ended September 26,2025September 27,2024September 26,2025September 27,2024Net SalesAmericas$25.5 $27.0 $75.3 $78.1 EMEA6.6 6.8 21.3 20.1 Asia Pacific10.3 7.3 27.9 21.8 Total$42.4 $41.1 $124.5 $120.0 Operating earnings as a percentage of net sales25 %18 %24 %19 %

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

Three MonthsNine MonthsVolume and PriceAcquisitions CurrencyTotalVolume and PriceAcquisitions CurrencyTotalAmericas(6)%0%0%(6)%(4)%0%0%(4)%EMEA(4)%0%1%(3)%5%0%1%6%Asia Pacific40%0%1%41%27%0%0%27%Segment Total3%0%0%3%4%0%0%4%

Expansion Market net sales increased 3 percent for the third quarter and 4 percent for the year to date as continued sales growth in the semiconductor and electric motor product applications more