Company: GGG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000042888-25-000014
Chunk: 2

Company: GRACO INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 1
Chunk 2
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 Other accrued liabilities(23,243)(24,103)Other(5,947)(6,314)Net cash provided by operating activities125,416 118,923 Cash Flows From Investing ActivitiesProperty, plant and equipment additions(10,597)(37,192)Proceeds from sale of building10,749 5,630 Acquisition of businesses, net of cash acquired(10,454)— Other(184)(58)Net cash used in investing activities(10,486)(31,620)Cash Flows From Financing ActivitiesBorrowings (payments) on short-term lines of credit, net(1,075)233 Common stock issued31,574 45,368 Common stock repurchased(238,089)— Taxes paid related to net share settlement of equity awards(3,907)(4,611)Cash dividends paid(46,586)(42,854)Net cash used in financing activities(258,083)(1,864)Effect of exchange rate changes on cash3,955 (662)Net (decrease) increase in cash and cash equivalents(139,198)84,777 Cash and Cash EquivalentsBeginning of year675,336 537,951 End of period$536,138 $622,728 

See notes to consolidated financial statements.

5

GRACO INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(Unaudited) (In thousands)

CommonStockAdditionalPaid-InCapitalRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)Total

Three Months Ended March 28, 2025Balance, December 27, 2024$169,394 $955,051 $1,509,264 $(49,574)$2,584,135 Shares issued622 27,045 27,667 Shares repurchased(2,798)(15,774)(219,517)(238,089)Stock compensation cost6,333 6,333 Net earnings124,101 124,101 Dividends declared ($0.275 per share)(46,393)(46,393)Other comprehensive income (loss)19,966 19,966 Balance, March 28, 2025$167,218 $972,655 $1,367,455 $(29,608)$2,477,720 

Three Months Ended March 29