Company: GGG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000042888-25-000025
Chunk: 0

Company: GRACO INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 0
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Table of Contents

PART I     Item 1.

GRACO INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited) (In thousands except per share amounts)

 Three Months EndedSix Months Ended June 27,2025June 28,2024June 27,2025June 28,2024Net Sales$571,806 $553,243 $1,100,090 $1,045,432 Cost of products sold272,276 252,389 522,827 478,381 Gross Profit299,530 300,854 577,263 567,051 Product development20,731 21,897 40,106 43,769 Selling, marketing and distribution68,337 69,001 135,548 135,632 General and administrative52,978 48,597 100,112 93,295 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 Taxes158,208 165,178 309,682 305,508 Income taxes30,585 32,200 57,958 50,331 Net Earnings$127,623 $132,978 $251,724 $255,177 Net Earnings per Common ShareBasic $0.77 $0.79 $1.51 $1.51 Diluted $0.76 $0.77 $1.48 $1.48 

See notes to consolidated financial statements.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited) (In thousands)

 Three Months EndedSix Months Ended June 27,2025June 28,2024June 27,2025June 28,2024Net Earnings$127,623 $132,978 $251,724 $255,177 Components of other comprehensive incomeCumulative translation adjustment56,983 (811)76,886 (19,517)Pension and postretirement medical liability adjustment(358)1,304 (274)2,222 Income taxes - pension and postretirementmedical liability adjustment