Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 9

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 9
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6. Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): Three Months EndedNine Months Ended September 26,2025September 27,2024September 26,2025September 27,2024Net earnings available to common shareholders$137,628 $122,197 $389,352 $377,376 Weighted average shares outstanding for basic earnings per share165,733 168,810 166,693 168,800 Dilutive effect of stock options computed using the treasury stock method and the average market price2,890 3,301 2,896 3,548 Weighted average shares outstanding for diluted earnings per share168,623 172,111 169,589 172,348 Basic earnings per share$0.83 $0.72 $2.34 $2.24 Diluted earnings per share$0.82 $0.71 $2.30 $2.19 Anti-dilutive shares not included in diluted earnings per share computation1,825 1,154 1,827 3,293 

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7. Retirement Benefits

The components of net periodic benefit cost for retirement benefit plans were as follows (in thousands): Three Months EndedNine Months Ended September 26,2025September 27,2024September 26,2025September 27,2024Pension BenefitsService cost$1,162 $1,102 $3,454 $3,822 Interest cost2,375 2,256 7,086 6,890 Expected return on assets(2,917)(2,543)(8,724)(7,610)Amortization and other(218)835 148 2,478 Net periodic benefit cost$402 $1,650 $1,964 $5,580 Postretirement MedicalService cost$76 $91 $229 $258 Interest cost285 305 854 861 Amortization(68)53 (204)— Net periodic benefit cost$293 $449 $879 $1,119 

8. Receivables and Credit Losses

Accounts receivable includes trade receivables of $373 million and other receivables of $16 million as of September 26