Company: GGG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000042888-25-000014
Chunk: 24

Company: GRACO INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 8
Chunk 24
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,042 Cost of products sold131,883 110,571 Gross Profit123,149 119,471 Operating expenses61,219 53,330 Contractor Operating Earnings$61,930 $66,141 IndustrialNet Sales$231,653 $224,860 Cost of products sold96,824 94,719 Gross Profit134,829 130,141 Operating expenses55,234 57,052 Industrial Operating Earnings$79,595 $73,089 

7

Table of Contents

Expansion MarketsNet Sales$41,599 $37,287 Cost of products sold20,163 18,491 Gross Profit21,436 18,796 Operating expenses11,371 12,044 Expansion Markets Operating Earnings$10,065 $6,752 Reportable Segment Operating Earnings Total$151,590 $145,982 Unallocated corporate expense7,577 12,986 Operating Earnings144,013 132,996 Interest expense713 744 Other (income) expense, net(8,174)(8,078)Earnings Before Income Taxes$151,474 $140,330 Geographic information follows (in thousands): Three Months Ended March 28,2025March 29,2024Net Sales (based on customer location)United States$282,557 $267,832 Other countries245,727 224,357 Total$528,284 $492,189  March 28,2025December 27,2024Long-lived AssetsUnited States$627,799 $635,698 Other countries137,498 135,958 Total$765,297 $771,656 

3.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 Ended March 28,2025March 29,2024Net earnings available to common shareholders$124,101 $122,199 Weighted average shares outstanding for basic earnings per share168,560 168,490 Dilutive effect of stock options computed using the treasury stock method and the average market price3,021 3,956 Weighted average shares outstanding for diluted earnings per share171,581 172,446 Basic earnings per share$0.74 $0.73 D