Company: GGG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000042888-25-000025
Chunk: 29

Company: GRACO INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 8
Chunk 29
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5June 28,2024ContractorNet Sales$288,959 $269,638 $543,991 $499,680 Cost of products sold149,539 128,261 281,422 238,832 Gross Profit139,420 141,377 262,569 260,848 Operating expenses63,931 57,015 125,150 110,345 Contractor Operating Earnings$75,489 $84,362 $137,419 $150,503 IndustrialNet Sales$242,277 $241,878 $473,930 $466,738 Cost of products sold101,051 101,882 197,875 196,601 Gross Profit141,226 139,996 276,055 270,137 Operating expenses58,854 58,432 114,088 115,484 Industrial Operating Earnings$82,372 $81,564 $161,967 $154,653 

7

Table of Contents

Expansion MarketsNet Sales$40,570 $41,727 $82,169 $79,014 Cost of products sold19,566 20,708 39,729 39,199 Gross Profit21,004 21,019 42,440 39,815 Operating expenses12,175 12,584 23,546 24,628 Expansion Markets Operating Earnings$8,829 $8,435 $18,894 $15,187 Reportable Segment Operating Earnings Total$166,690 $174,361 $318,280 $320,343 Unallocated corporate expense9,206 13,002 16,783 25,988 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 Taxes$158,208 $165,178 $309,682 $305,508 Geographic information follows (in thousands): Three Months EndedSix Months Ended June 27,2025June 28,2024June 27,2025June 28,2024Net Sales (based on customer location)United States$305,027 $