Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 44

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 8
Chunk 44
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 Months Ended  Nine Months Ended September 26,2025September 27,2024September 26,2025September 27,2024Net SalesAmericas$129.4 $125.3 $377.4 $374.5 EMEA58.6 58.2 179.1 173.6 Asia Pacific50.6 52.3 156.0 154.5 Total$238.6 $235.8 $712.5 $702.6 Operating earnings as a percentage of net sales34 %33 %34 %33 %

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

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