Company: GGG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000042888-25-000025
Chunk: 53

Company: GRACO INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 2
Chunk 53
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 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)%3%Segment Total(1)%0%1%0%2%0%0%2%

Industrial segment sales for the second quarter were flat and increased 2 percentage points for the year to date as favorable volumes in EMEA and Asia Pacific offset decreased sales in the Americas. The operating margin rate for this segment was flat for the quarter as realized pricing offset unfavorable product and channel mix and higher product costs. The year to date operating margin increased 1 percentage point as realized pricing and lower expenses more than offset higher product costs. 

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):

 Three Months EndedSix Months Ended June 27,2025June 28,2024June 27,2025June 28,2024Net SalesAmericas$23.8 $27.3 $49.8 $51.1 EMEA7.6 6.4 14.7 13.2 Asia Pacific9.2 8.0 17.7 14.7 Total$40.6 $41.7 $82.2 $79.0 Operating earnings as a percentage of net sales22 %20 %23 %19 %

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

Three MonthsSix MonthsVolume